this is all key advice and should stick to a learning plan1. Not trusting a trading plan through the inevitable down periods
2. Increasing lot sizes when you have made some losses to attempt to make them back.
3. Thinking in the short term.
4. Not treating it like a business.
5. Not putting the hard yards in learning and practicing
Good points!1. Not trusting a trading plan through the inevitable down periods
2. Increasing lot sizes when you have made some losses to attempt to make them back.
3. Thinking in the short term.
4. Not treating it like a business.
5. Not putting the hard yards in learning and practicing
Newbies are emotionally unprepared that's the real issue. they don't know how to handle losses and it ruins easily their trading plans or systems. It is not trivial aspect of trading and many newbies are caught off guard because they don't pay attention to their personal attitude to losses and wins.Very interesting topic. But, based on my experience, it is quite easy for a beginner to jump into trap of mistakes. I also find that as long as trader is willing to improve him or herself, every mistake can become only mistake of inexperience