Sunday, April 19, 2020

WHY 90% OF TRADERS LOSE MONEY

Here is the link.
There are 4 big mistakes almost every trader makes. Luckily, they can be easily fixed. These mistakes I highlight in this video are probably things you haven't heard before. Luckily we can flip these points around and come up with a very powerful trading strategy. Charlie Munger once said, "problems frequently become easier to solve if you turn them around in reverse... unless you're more gifted than Einstein, inversion will help you solve problems".
1. Buy breakouts and sell breakdowns
2. Cut losses short.
3. Big position sizes
4. Don't overtrade! Increase size..
Never cap your profit ...



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