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A hard truth: some people are not cut out for trading.
They may not have the skill-set or passion required to make it as a trader.
Although the vast majority of traders fail to achieve long-term success, most people probably don’t fall into this category.
While there is certainly a list of trading mistakes you can make, possibly the biggest mistake you can make is self-deception.
Let’s look at an example of self-deception in terms of trading and see if it reminds you of yourself.
Simple Trade Plan Errors
You’ve had a few decent days sticking to your trading plan, you’ve made some good money and traded well in your own mind.
You think that you might just have turned a corner.
BAM!!
Your trading account takes a hit and you lose a load of money by failing to take your stops as dictated by your trading plan.
Again.
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