1️⃣.Enteting in FOMO Traders mostly make mistake while entering in market with FOMO.It's better you should wait for a buy setup or market to follow your proper set of rules on your bias.
2️⃣.Using unnecessary tight stops Sometime trader stick to the tight stoploss plan,which your stops should be dynamic with the market price.
3️⃣.Unrealistic Target Most traders don't have set of rules after entering the market and majority don't even have realistic targets also. You must have a realistic target goals before or prior to entering the trade.
4️⃣.Not to Trade everytime You don't have to trade everytime in the market.Market dosen't give you opportunity everytime and anytime. There's should a proper criteria before have a look on market.i.e bullish or bearish or sideways.
5️⃣.Always stick to your plan Trader makes losing steaks and lose win rate due to not following there trading plan i.e entering or exit. Its a very important aspect of the trading of have proper plan for everything and discipline is the Key for that.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.