Have you ever found yourself in this situation? Placing orders is easy, but closing them is a completely different story. There are times when the account is in the green, but due to greed, you hold the order too long and let profits evaporate. There are also times when the order is losing, and you should have cut it early, but you cling to the hope that the market will turn around, resulting in even heavier losses. The result? Not only do you lose money, but you also lose your confidence. This is not just a personal issue. Most traders, especially beginners, have experienced these situations. The problem lies not in the trading method, but in the psychology and risk management.

1. Why do you place too many orders? The psychology of new traders is often driven by emotions. When you see waves on the chart, you are compelled to place orders continuously out of fear of missing opportunities. When you win an order, your confidence skyrockets, leading you to continue trading without a plan. When you lose, the feeling of frustration makes you rush to place a new order to recover. This is the cause of overtrading – trading excessively, not according to a plan, resulting in your account disappearing before you realize it. The solution is very simple: only place orders when there is a clear setup. A professional trader never places an order just because of a "gut feeling" or because they "see a beautiful wave." Every decision is based on probability, with strict risk management and adherence to discipline.

2. Why is taking profit harder than placing an order? When the market moves in the right direction, instead of taking profit at a reasonable point, you hold the order longer in hopes of making more. But the market doesn't always move as you wish. When the trend weakens, instead of taking profit, you hesitate, thinking that "it might go back up." The result? Profits evaporate or even turn into losses. A crucial principle: never let a winning order turn into a losing one. Professional traders always have a clear profit target. If the market reaches the profit-taking zone, they will take profit immediately without hesitation. If the market still has upward momentum, they will move the stop loss to protect profits, rather than holding the order blindly.

3. Why are you afraid to cut losses? Why not cut a losing order? Because you are afraid of losing, afraid of losing money. But what you don't realize is that a small loss is always better than blowing your account. Many traders, instead of accepting a small loss, hold the order hoping the market will turn around. Some even remove stop losses or DCA (dollar-cost averaging), resulting in increasingly larger losses. The solution? You must set a stop loss from the beginning and strictly adhere to discipline. A professional trader never trades without a risk management plan. If the market moves in the wrong direction, they cut losses immediately and wait for the next opportunity.

4. How to trade like a professional trader. To survive and succeed in this market, you need to change your mindset. Trading is not gambling, it is not a game of chance, but a real job – requiring knowledge, discipline, and emotional control. Remember: Only trade when there is a clear signal. No setup, no trade. Always have a plan for taking profit and cutting losses before placing an order. Don't rely on emotions. No all-in, no overtrading.

Never let a losing order affect your entire account. Focus on the process, not on short-term profits. Success in trading is a long journey, not a lucky break. If you find yourself making these mistakes, stop and reflect. Don't let the market turn you into a gambler.

Trade like a professional. If you've ever experienced this feeling, please leave a comment! And if you find this article useful, please share it so that many other traders can avoid these mistakes!