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question- what are the things that a trader should never do?

Discussion in 'Beginners Bootcamp' started by jkm, Feb 12, 2015.

  1. DaveT

    DaveT Corporal

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    Never get emotional. If you feel the pressure building in your head, get up and take a break
     
  2. Olieng38

    Olieng38 Private, 1st Class

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    Never trade on a real account without first trying a demo; never let a broker talk you into placing a trade; never trade without stop loss; never let your emotions guide your trade; never place a big start up captal; never trade unstable pair unless you are a pro
     
  3. EuroTrader

    EuroTrader Sergeant Major

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    Yes indeed emotions are one thing that important during live trading and if any trader can`t control emotions, they will make a reckless decision and will be facing losing trades again and again. With controlled emotions, we will always keep discipline with a risk management plan and consistent profits.
     
  4. Gateluri

    Gateluri Recruit

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    There are some mistakes that every trade shouldn't have to do if trader wants to become a successful trader. A successful trader is the one who learns from his mistakes and never make similar mistake in the future. You shouldn't have to choose a broker without some research. Also never be greedy while doing a trade.
     
  5. ScottyCarsonMVP

    ScottyCarsonMVP Private, 1st Class

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    Be too emotional
     
  6. Kokomaster

    Kokomaster Private, 1st Class

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    Very right not repeat same mistakes again and again . mistakes are not just to face loss you can get a lesson from them to make your trading well in future. If a trader sees mistakes own them and try to avoid them he can be a successful trader because he has an urge to get right way of trading.
     
  7. AlecR

    AlecR Private, 1st Class

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    A common thing that most of beginner traders do is to cheat their trading plan. They are told about trading plan and they make one as well but there are certain times when they cheat the plan by not following the rules.
     
  8. Notati

    Notati Recruit

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    I would agree with other forum members that one thing that should always be avoided is not to place stop loss order. One trader can cope with all other issues related to trading, but without stop loss order, he is risking to lose a lot of profits and capital
     
  9. planbfx

    planbfx Recruit

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    expect miracles & unreasonable returns.
     
  10. walpants

    walpants Private, 1st Class

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    Trade without proper risk management, its the quickest way to blow an account!
     

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