It is the most common plague among amateur traders: "Focusing on the wrong things". Amateur traders are too busy focusing on things that are not beneficial to their trading.

As a trader, we have to sink this in your trading philosophy and trading psychology; If it doesn't help our trading in anyway, get rid of it. Do not waste the time and energy focusing on it.

For example taking a trade purely on fundamental news and getting whipsawed by market volatility. As a trader we have to understand that majority of times price already done its course by the time the news is available to retail traders and it's better to wait for the dust to settle down and then look for trading opportunities.

Despite taking loss after loss, amateur traders doesn't learn from their mistakes and keep repeating same mistake hoping the result would be different next time.
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