COSTLY MISTAKES NEW TRADERS MAKE
1. TRADING THE WRONG STOCKS
Prioritize stocks with substantial volume. For lower-priced stocks, target those trading a million shares daily. Also, consider past runners, as history often repeats in the market.
Prioritize stocks with substantial volume. For lower-priced stocks, target those trading a million shares daily. Also, consider past runners, as history often repeats in the market.
2. HAVING NO PLAN
Understand why you're buying a stock, set specific criteria, and align multiple indicators in your favor.
Preparation is key; randomness burns accounts.
Understand why you're buying a stock, set specific criteria, and align multiple indicators in your favor.
Preparation is key; randomness burns accounts.
3. LETTING LOSSES RUN
Follow through with your planned stop-loss levels or have pre-mental stop loss to exit trade. Deviating from your predefined exit points can lead to significant losses. Maintaining discipline is key. Always have a trading plan and commit to it.
Follow through with your planned stop-loss levels or have pre-mental stop loss to exit trade. Deviating from your predefined exit points can lead to significant losses. Maintaining discipline is key. Always have a trading plan and commit to it.
4. OVERTRADING
When facing a losing day, avoid the temptation to overcompensate.
Overtrading worsens the situation and makes recovery harder. Remember, digging a deeper hole can be tough to escape.
When facing a losing day, avoid the temptation to overcompensate.
Overtrading worsens the situation and makes recovery harder. Remember, digging a deeper hole can be tough to escape.
5. NOT HAVING THE RIGHT TOOLS
Quality tools matter! Free or cheap options can lead to delayed news and incomplete data. Invest in valuable resources that will enhances your chances of success.
Quality tools matter! Free or cheap options can lead to delayed news and incomplete data. Invest in valuable resources that will enhances your chances of success.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Just trying to stay 100% 💵 and Trade like Sniper, my 🧠 set is No Trade until there Best Profitable Trade.
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