The 5 Deadly O's of Trading: What Traders Do To Guarantee Their Own Failure

Beginner Questions
1

How many of the five are you guilty of?

At different times, I’ve been guilty of all of them. :pensive:

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2

Oh my. :open_mouth: I’ve been guilty of all of these too, especially during my first few months. :sweat: Winning trades could get me super excited and I’d just find myself opening so many trades that aren’t even very promising! :open_mouth: I’m trying to get better though. :slight_smile: And I’d like to think that I have much more control now than about half a year ago. :sweat_smile:

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3

At this early stage of my fx trading experience, I am (thankfully) unlikely to do numbers 1 through 3. But I am guilty of #4 and #5.

#4 out of sheer ignorance and #5 out of senseless hope/greed.

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4

Revenge trading.

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5

Revenge Trading — I remember it well.

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6

Thanks for sharing this info. I have seen several people failing to trade successfully due to overconfidence and overriding stop losses.

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7

Meanwhile I was scrolling down looking for said 12 step program lol. Ended up looking up AA’s instead.

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