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DAY 12 - COMMON MISTAKES BY RETAIL TRADERS

alifari Posted 12 Feb  in #Trader's blog #Retail #Traders #Mistakes
There is a famous trading quote "A trader is the weakest link of any trading system". In this post, I have tried to identify some of the common mistakes we (retail traders) make while trading, which diminish our chances of consistent profitability and survival in this business.
1) Boredom: The trader wants some action, so they initiate a trade. Trades should only be enacted when entry signals are reached and not to alleviate boredom.
2) Frustration: Frustration comes from expectations not bein…
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How to think like a Price Action Trader

alifari Posted 26 Dic  in #Trader's blog #Price Action #Retail #Trader #Mentality
Since market volatility is very thin, I thought there is no point in looking at charts and trying to find trade opportunities in a trade a 30 pip daily range. So I did some reading and here are some interesting points which could be helpful for price action traders :
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial SL was…
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Daytrader21 26 Dic

It is always good to remember some valuable advice, you are never to old to learn new tricks in this game, but the most valuable advice is: Cut your losses short and let your winner run.

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alifari 26 Dic

"Cut your losses short and let your winner run". I agree but the fact is it is the most easiest thing to say in trading, but most difficult one to implement.

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geula4x 26 Dic

+1 Liked: Nice post with very interesting ideas! Thanks for sharing and happy trading :-)

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Retail Traders

alifari Posted 24 Dic  in #Retail #Traders
I read it on web and thought I would share here:
One is a professor surrounded and besieged by huddled students. The other is a solitary scholar, sitting in the tranquility and privacy of his chambers, at ease in the spacious and comfy room where his thoughts can move freely. Here we encounter the tumult of schools, the dust of classrooms, the indifference to beauty in collective workplaces, There, it is all order and beauty, Luxe, calme et volupte'…
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geula4x 26 Dic

+1 Liked: Beautifully written! I just wish we could all have the ideal trading conditions in real live :-) Happy "Solitary Scholar" trading :-)

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