9 Sayings and Phrases you hear from Losing Traders ☝

9 sayings and phrases you hear from losing traders http://www.financial-spread-betting.com/Trading-failures.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Why do most traders lose money? Ways your mind tricks you into being a losing trader.

Common trading mistakes that beginners and even more experienced traders keep making:

1) I'll make it back on the next trade.
2) My broker ran my stops - I hear this quite a lot and maybe in some instances brokers do widen stops...
3) I've lost my last 5 trades, I'm due a win. The market doesn't owe you anything. This is the Gambler's fallacy...
4) My entry is late, but there is still room to run. You get into a trend and it pulls a bit... forget that mindset.
5) I will exit if price comes back to breakeven. This is trading on hope... This is a horrible place to be if you're hoping and praying that the price will come back to breakeven. The market doesn't care about breakeven.
6) I don't need a trading journal. If don't have a trading journal you can't improve what you can't measure.
7) I'm going to second guess my trigger. This is for those of you trading systematic stuff. The point is you're not honouring your discipline.
8) The markets are random. Why do you think some hedge funds have been around so long?
9) I'll use proper risk management when I make good money.

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9 Sayings and Phrases you hear from Losing Traders ☝
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Ways Your Mind Tricks You Into Being a Losing Trader! 🙄
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