Trading Educators Blog
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Most successful traders failed at some point in their careers and wiped out their account. Many traders lose because they do not understand the nature of the decision-making process, which should be based on rational price action analysis versus emotional, irrational reactions to price action. A reason should be required for each market action taken. When fear exits a trade, it is more difficult t...
If you make mistakes during trading, go back in your mind to see what you could have done better, or differently. There is usually something to learn from each trade. For example, did you stay too long in a single trade? Did you trade too aggressively, or not aggressively enough? Should you have cashed in (or added) some contracts, but didn’t? Mistakes don’t matter much if you learn from them. Ana...