#TradingStrategyMistakes
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So guys lets discuss what are mistakes we usually do while we are into trades or planning to take
Mistakes
↘️↘️↘️↘️↘️
↪️Relying heavily on emotions 😵instead of data📃
↪️More than often chasing losses,overtrading🤯 as well as abandoning plans due to fear🤥 or greed😋
↪️Failing to test strategies through backtesting🖥 or paper trading📑 before using real capital💰
↪️Ignoring risk management i.e not setting stoplosses which can eventually quickly wipe out earned gains even in a flash
↪️Overleveraging is also dangerous which if not looked after properly can magnifying losses as much as gains.
↪️Lack of discipline, poor research and inconsistent execution can turn a winning strategy into a losing one.
Success in trading comes from
➡️patience
➡️planning
➡️Last but not least constant learning not being guided by impulsive decisions or shortcuts.
So guys
Trade smart, not fast.
Tarde to earn without risking your capital!
