5 Trading Mistakes New Traders Make and HOW To FIX Them

Here is the link.

5. Not calculating risk

- Risk off of the nearest level of support
- Measure the potential percentage loss
- Don't risk over 5%

4. No stop losses

- stops limit the amount of potential loss
- Not all stocks go green after you enter
- Without stops, quick price swings can make for large preventable losses
- Create stops right after you enter
- Set stops at nearest support or just below
- Move up stops as the price increases which can also be used to take profit

3. Trading too much capital

- overutilization of capital per trade
- Risking more than 50% of account size per trade
- Very stressful with every candlestick move
- No more than 50% of account size per trade and scale to 10% as you grow
- Trade capital you're willing to lose

2. No strategy

- Trade every stock, every pattern, every time
- No routine
- Jack of all trades,
- Find 1 to 2 patterns and stick with them
- Develop the Routine and strategy
- Once you've found consistency and profit, then move to the next.


1. Thinking it's easy

- If he can dot it I can do it
- Lack of studying
- No effort for self improvement