TOP 10 Day Trading Mistakes YOU NEED TO KNOW!!!

TOP 10 Day Trading Mistakes YOU NEED TO KNOW!!!

these are the most common mistakes that I see day traders make. I have made them myself. and I want to tell you what they are so that you don't make the same mistakes.

New Official Telegram Group
TMA OFFICIAL®
https://t.me/TMAbyArty


0:00 Top 10 mistakes chapters
1:24 Mistake #1 You entered too late
2:54 Mistake #2 RSI Divergence
3:41 Mistake #3 trading without a stop loss
4:48 Mistake #4 Too much money
5:54 Mistake #5 Too many indicators
6:48 Mistake #6 Don't change a strategy
7:56 Mistake #7 You wont get rich quick
9:02 Mistake #8 Not demoing
10:01 Mistake #9 Strategy Jumping
11:00 Mistake #10 Don't quit


My recomendation on a paid indicator feature in several of my videos
https://discord.gg/mMkrgftzfc
(Pip Hunter Indicator)

Links to the indicators

TMA Overlay
https://www.tradingview.com/script/zX3fvduH-TMA-Overlay/

TMA RSI Divergence
https://www.tradingview.com/script/9ojTsEk0-TMA-Divergence-Indicator/

To get a $100,000 funded account to trade with Sign up to Funding Talent to get your funded account today
https://bit.ly/3uFWsFo

TMA shop
https://shop.spreadshirt.com/themovingaverage/

Looking for a forex broker?
I use Osprey
https://bit.ly/3rR9LCB

For charts Use Trading View
https://bit.ly/30TobpU

The potential for a large amount of profits in a short time period makes day trading an appealing profession (and sometimes even hobby) for many individuals. While the concept may sound simple, in reality it takes careful research, thoughtful strategy, and often a few months of experience to truly succeed as a day trader.

It’s easy to get caught up in the excitement of making quick moves on the market, which means it’s also easy to make mistakes that cost you big—literally.


Familiarize yourself with the most common day trading missteps, so you can avoid making them and maximize your trading dollars.

Day trading is not gambling, which means you can’t stake your money on chance. Day trading is about making quick, calculated moves that will minimize your risk of and loss maximize your potential for profit. That’s why rule number one for succeeding in the industry is to come up with a plan and stick to it. Take the time to educate yourself on trading strategy and research market patterns, and use that information to develop a plan. When you commit to a plan, your emotions are less likely to take over and lead you astray in the heat of a trade.

While experienced day traders can sometimes make this mistake in a moment of fearlessness, risking more than you can afford on one position is a mishap more common to new traders. Particularly when you’re just starting out, you want to stick to trading smaller positions (think 100 shares or less). Risking more than you can afford to lose can destroy your day trading business in the blink of an eye. Protect your capital now to give yourself more cushion for future losses. You’ll be able to bet bigger as your knowledge, experience, and assets grow.

Day traders should concentrate on fixed and reliable returns. If you spend your time chasing the hottest stocks hoping to come out with a win, you’re more likely to panic sell or buy and end up losing. Stocks with this kind of high momentum are more volatile on the market and typically end up stalling, then falling—and you don’t want your money going along for that ride.

Desperately holding onto losing positions is a very common day trading mistake that is, more often than not, based in emotion. Unfortunately, it’s also a mistake that can quickly destroy your enterprise. Holding onto false hope for a turnaround or being afraid to admit you were wrong is understandably human, but comes with a high cost in terms of capital. Again, trading is not investing.

NOT FINANCIAL ADVICE DISCLAIMER

The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

top 10 day trading mistakesday trading mistakesbiggest day trading mistakes

Post a Comment

0 Comments