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Top mistakes traders make in their early days
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[QUOTE="Shaf, post: 251222, member: 25467"] There are many mistakes people make in trading, and though some may seem insignificant, those ones usually have the most devastating impact if things go wrong. One such mistake is believing, and actually trading with a lot of money. The belief is that you can make higher profits, but the same applies if things go the other way. This mistake is more popular amongst newbies and they usually have poor trading strategies or no strategy at all, thus compounding their loss whenever it occurs. Another I've personally experienced is greed. This mistake is far more deadly than most we know of. Imagine making a profits of $1,000 and loosing it all, to loose even part of your capital. Once a trade is going favourably, we tend to want more of the profits, thinking that holding just a few more minutes or hours can even double it. It's impossible though to time the top of a trend or it's bottom, so it's best to take profits or cut your losses as soon as possible. [/QUOTE]
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