#TradingStrategyMistakes Negotiating seems so simple. After all, a price can only go up or down, so all traders need to do is choose the right direction and wait for the money to start coming in, right? Well, it’s not quite that simple.
The world of trading can be full of surprises for those who have great ideas but little preparation. When poorly prepared, traders do not recognize that mistakes in trading are part of the learning process and can actually shape a person to become a successful trader.
Making mistakes in trading is part of every trader's journey. Whether someone is completely new to trading or has been trading in the markets for decades, it’s likely they will make some common trading mistakes.
Some of these mistakes are more costly than others. And the fact is that there are some mistakes that are hard to accept. For some traders, ignoring a mistake and repeating it over and over can mean the difference between becoming a successful trader or losing one.