what are the two worst things a trader can do?

[lovethetrade]

1) Predict.
2) Unaware of doing (1)

Spot on and best answer IMO.

1. Traders are price takers not price makers
2. You can only make as much profit as the market will allow you to make on any given trade and that can end at any time after your entry signal occurs.
3. The strength of your logic will determine how much you get out of the market, not how well you predict.

 

[SkyChef]

Spot on and best answer IMO.

1. Traders are price takers not price makers
2. You can only make as much profit as the market will allow you to make on any given trade and that can end at any time after your entry signal occurs.

In addition to all the elementary bad things it could do to traders which a trader should know, it also does this: Loss of opportunities.

 

[tradingjournals]

Two worst things: to buy in a bear market, and to sell in a bull market.

Starting today April 20th at 2:45PM, will the market be in a bear leg or in a bull leg?

 

[Arnie]

1. Start trading
2. Not knowing when to stop trading

 

[stevegee58]

1. Losing all your capital while learning
2. Giving up

 

[themickey]

1. Start trading
2. Not knowing when to stop trading

1 Not trading
2 Not knowing when to start

 

[motif]

• 1. Not having a trading strategy/setup 2. Not backtesting a trading strategy/setup

 

[fordewind]

1.Regret;
2.Hope.

 

[dar.forex1]

two worst things that can be done are:

• trading with fear/greed
• setting unrealistic goals

 

[Pekelo]

YES, with slight editing:

You can fool yourself
You can cheat until you're blind

It can happen to you
It can happen to me
It can happen to everyone eventually

It's a constant fight
A constant fight
Black and white
Who knows who's right
No substitute you're born you're dead

Look up - Look down
Look out - Look around
There's a crazy world outside
We're not about to lose our profits

It can happen to you
It can happen to me
It can happen to everyone eventually

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