As I promised yesterday, I’m starting a series of posts about things a trader should never do.
1. Never oversize.
That is when you start becoming irrational. Blowing up while still being right is the fastest way to ruin.
2. Never trade when tired or sleep-deprived.
Decision fatigue has ended more traders than liquidation ever could.
3. Never trade without a defined edge.
Entering without one is just gambling with extra steps. If you can’t explain your edge in a single sentence, you probably don’t have one.
4. Never enter a position out of boredom.
More often than not, doing nothing is the best move.If you find yourself taking trades just to feel busy or because you “haven’t traded in a while,” check yourself.
5. Never trade after a big loss.
Tilt sets in, and you try to win it all back in one bad bet. Trying to recover everything at once is a guaranteed way to lose even more.
Stay tuned for more!!
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