1. POOR RISK MANAGEMENT- AS LONG AS YOU IGNORE THIS PRACTICE OF RISKING 1% OF YOUR ACCOUNT BALANCE BECAUSE PROFESSIONAL TRADERS KNOW THAT TRADING IS ALL ABOUT PROBABILITIES, YOU WILL ALWAYS BLOW YOUR ACCOUNT AND WILL ALWAYS BE KING OF DEPOSIT. START TO PRACTICE PROPER RISK MANAGEMENT NOW!
2. GET RICH QUICK MENTALITY- THINK LONG TERM AND TREAT TRADING AS A BUSINESS, GROWTH WILL BE SLOW AT FIRST BUT AS YOUR CAPITAL GROWS SO WILL THE PROFITS, ROME WASNT BUILT IN ONE DAY! TRYING TO GET RICH OVERNIGHT IS RECIPE FOR GUARANTEED FAILURE.
3. NO TRADING PLAN- YOU ARE JUST GAMBLING, GOING LONG OR SHORT AND HOPING, PRAYING IT GOES IN YOUR FAVOUR IS WHAT MOST PEOPLE ARE ACTUALLY BLINDLY DOING PROVIDED THEY DONT HAVE A WRITTEN PLAN THEY ARE FOLLOWING, SO IF WANT TO BE A STEP CLOSER TO JOIN THE WINNING SIDE START BY LAYING OUT A TRADING PLAN WHICH YOU WILL FOLLOW WITH DISCIPLINE NO MATTER WHAT SO AS TO INTRODUCE CONSISNTENCY BECAUSE ITS WHAT MAKES US WIN