What hurts traders more? - MyTradingLand.com

Lack of patience and over trading

Waiting for set up as a swing trader or even day trader can be annoying ,fear of missing it kills patience ,then over trading is not just a good habit I remember trading 20 positions and losing all in just one day 😭😭😭twasnt funny

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@bluemoon - 1 day ago

Lack of patience

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@yokoyi - 1 day ago

Over trading and lack of a daily loss limit.

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@hosea_makelele - 1 day ago

Ego hurts traders more, refusal to learn new things because they feel they know everything

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@investorgeo - 9 hours ago

Quoted - durasel_empire01

Lack of patience and over trading

Waiting for set up as a swing trader or even day trader can be annoying ,fear of missing it kills patience ,then over trading is not just a good habit I remember trading 20 positions and losing all in just one day 😭😭😭twasnt funny

You're very right.

Impatience literally ruins everything.

It goes with amount saying that becoming a good trader is not just about understanding the charts, it also has a lot to do with your personality as a trader.

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@investorgeo - 9 hours ago

Quoted - bluemoon

Lack of patience

Everybody seems to be dealing with this.

Care to share any personal experiences?

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@investorgeo - 9 hours ago

Quoted - yokoyi

Over trading and lack of a daily loss limit.

What do you think causes over trading though?

I feel like it's hard not to over trade if you're a full time trader, especially when you're not trading large capital.

What do you think?

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@investorgeo - 9 hours ago

Quoted - hosea_makelele

Ego hurts traders more, refusal to learn new things because they feel they know everything

The first thing I learnt as a trader actually, is that "I am a student - always".

The truth is that if you fail to how to humble yourself to learn from your mistakes, the market will definitely keep humiliating you.

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@kemi_allen_omevia - 9 hours ago

Quoted - investorgeo

The first thing I learnt as a trader actually, is that "I am a student - always".

The truth is that if you fail to how to humble yourself to learn from your mistakes, the market will definitely keep humiliating you.

Yes, and this I believe is part of why so many traders are still unprofitable. You are trading a strategy that you know is not profitable over the long run, but you keep doubling down on it and refuse to learn a new strategy

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@investorgeo - 7 hours ago

Quoted - kemi_allen_omevia

Yes, and this I believe is part of why so many traders are still unprofitable. You are trading a strategy that you know is not profitable over the long run, but you keep doubling down on it and refuse to learn a new strategy

Apt.

And it's not just about unprofitable traders. Even profitable traders need to keep learning. The market dynamics are always changing, new players are coming in old ones are moving out, changes in the global economy. Lots of trends coming in and all that.

Traders need to keep growing.

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