Published On Jul 2, 2020
If you want to avoid the day trading mistakes made by a beginner day trader, this video is for you.✏️✏️
Beginner Day trading mistakes to avoid:
No strategy
Undercapitalized
Revenge trading
Trading with money you can’t afford to lose.
1. No Strategy
a)what type of financial instrument : stocks/currency/cryptos
b)what type of setups
c) how much risk to take on
d) taking profits too quick
d) start changing time frames
2. Undercapitalized
3. Revenge Trading: trading with emotions rather than strategy
4. Trading with Money you can't afford to lose:
When you are a beginner day trading, you are day trading your hopes and dreams. Therefore, you are expecting a particular trade for you to be able to trade on the beach, buy a luxurious car like lambo etc.
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