Hi friends
Let us try & reach that unknown truth about market nature.
My points
1)Not having proper trading mentor and not having proper trading education is primary problem for most.
2)choosing trading style that doesnot suit traders basic nature.
(very slow natured person trying intraday futures on 5 minute chart)
3)wrong timing of trades-like entering long at resistance zone and entering short at support zone is one reason to your failures.
4)Not having enough exposure to the real nature of performance of your trading system under different circumstances
5)Mental weakness of changing trading systems often.
6)using a couple of lagging indicators like moving averages.
7)using collinear indicators that all of them do same job
8)Not having idea of markets natural flow rhythm & going against it
9) not knowing your trading system gives(big loss or meagre profit) after doing 100 trades as per rules
10) failure came as trader chose to trade first and start learning only after failure hit him.
11) not able to trade in harmony with market context,forcing trades in sideways market and staying away in trending times due to losses.
12) trader doesnt like testing,investigating,observing his trading method without money involving. he prefers being lazy when such need arises.
Trader chooses to use untested system and without written rules.
13) The trader tries going short near a fibo retracement during downtrend. (market rallied and retracement down is in progress-now price reached 61.8% level-trader shorts heavily,market reverses and shoots up fast).
Let us try & reach that unknown truth about market nature.
My points
1)Not having proper trading mentor and not having proper trading education is primary problem for most.
2)choosing trading style that doesnot suit traders basic nature.
(very slow natured person trying intraday futures on 5 minute chart)
3)wrong timing of trades-like entering long at resistance zone and entering short at support zone is one reason to your failures.
4)Not having enough exposure to the real nature of performance of your trading system under different circumstances
5)Mental weakness of changing trading systems often.
6)using a couple of lagging indicators like moving averages.
7)using collinear indicators that all of them do same job
8)Not having idea of markets natural flow rhythm & going against it
9) not knowing your trading system gives(big loss or meagre profit) after doing 100 trades as per rules
10) failure came as trader chose to trade first and start learning only after failure hit him.
11) not able to trade in harmony with market context,forcing trades in sideways market and staying away in trending times due to losses.
12) trader doesnt like testing,investigating,observing his trading method without money involving. he prefers being lazy when such need arises.
Trader chooses to use untested system and without written rules.
13) The trader tries going short near a fibo retracement during downtrend. (market rallied and retracement down is in progress-now price reached 61.8% level-trader shorts heavily,market reverses and shoots up fast).
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