What are the common problem of traders to fail in their trade?
Mine was “Lack of knowledge”
I want to know yours. You can comment below your problems
Top Reasons Traders Fail:
1. Failed because of a proper trading plan
2. Don’t know how to apply trading strategies
3. Lack of trading education
4. Failing to Adapt to the Market
5. Having Unrealistic Expectations
6. Poor Risk and Money Management
I like this post. All good reasons. For me I would say;
1)Lack of Patience/Thinking its easy money
2) Failing to get knowledge from a wide array of sources
unrealistic trading target is the foremost reason why we lose when trading , this approach always make traders greedy and emotional.
its all foremost , but most foremost is risk management which is the main skill in this stock market , because there is no one who can predict the real faction in here with certainly.
Oh thank you for your reply
I try to follow expert traders as well as try to read as much as i can. Then apply those theoretical knowledge through a demo account.
Once you’re in a trade you are no longer a trader but a risk/money manager, this is where traders fail the most… manage the trade don’t let the trade manage you.
I would say that I simply have no free time aside from my job and family responsibilites to do something else about that matter anyway. Can we go on ? All fails simply comes along with that matter anyway. Where else it can be done ?
what you think any difference there is between risk and money management ?
The only difference is that we take the risk management following money management rule. However, both are same
Well for me, both go hand in hand. I don’t see them different from each other.
There’s not much difference, both aim at increasing the profits of the trader, by managing the risks and keeping capital safe.
Good thinking about trading you have