Most traders lose money not because theyre bad at reading charts, but because they trade with their account balance instead of their plan. They see green and panic buy more. They see red and panic sell everything. Thats not trading, thats gambling with extra steps.
Let me explain.
You enter a trade with a plan, 2% risk, clear SL, clear TP. Then price moves 1% against you and you move your SL further away because you dont want to accept the loss. Why? Because your ego doesnt want to be wrong. S...
U.S. close | Oct. 14
Stocks had their worst session since July. The Dow slipped 0.09% to 51,621.48, the S&P 500 fell 1.11% to 7,718.94—its fifth decline in six sessions—and the Nasdaq dropped 1.88% to 26,692.87.
Hot September CPI added to rate concerns. Headline inflation was +0.6% m/m and +3.7% y/y; core came in at +0.3% m/m and +2.6% y/y, both above expectations. A 9.1% jump in gasoline drove the headline, while shelter and core services remained sticky. Markets now put the odds of an Oct. 2...