I LOST 70% OF MY CAPITAL WITH THE SAME MISTAKE => OVERTRADING
Hello Traders,
today I want show you a point of my live, that I constantly overlooked. I want sensitize you for it and also make me so a reminder for the future!
1. OVERTRADING
It's the truth: In the past I lost 70% of my capital with overtrading. If you find yourself there then I would be sensitize you to rethink your approach of trading.
On the chart above you can see how I take at the beginning all rules what I learned before:
But the rules are not the problem!
The problem was my overtrading. I see only "ONE" signal to take action => then it overcomes to reaction buy, no no, sell... dame, better buy and so on => always if I was in loss I tried to rethink my trade 24/7 hours in front of the screen.
2. SUPPORT AND RESISTANCE: THE WORST ENTRY POINTS EVER, BUT GOOD STOPLOSS AND TAKEPROFIT AREAS
Another thing is, that support and resistance areas are good reverse moments. Every greedy trader like I used to be, try to catch the early trade to make more money than anyone can imagine. Then back to reality: you get stopped. The market takes your money and you don't realize why!
On this moment, you have your own opinion of the market and this your mistake to believe you are right. You hadn't wait enough!
3. BE PATIENCE - TRADE LATE AND RIGHT THEN EARLY AND WRONG (MULTIPLE)
The headline above in point 3. is since my realizing the importast rule. Trade late and right!
Because the other thing of trading you can: the right risk, the winning opportunity.
Sometimes it helps to look in deeper timeframes, to get enough win-risk-ratio.
Hopefully it helps you!
Kind regards
NXT2017
today I want show you a point of my live, that I constantly overlooked. I want sensitize you for it and also make me so a reminder for the future!
1. OVERTRADING
It's the truth: In the past I lost 70% of my capital with overtrading. If you find yourself there then I would be sensitize you to rethink your approach of trading.
On the chart above you can see how I take at the beginning all rules what I learned before:
- Only 1% of my capital I choose for risk with using StoppLoss
- Support and Resistance are STOPPLOSS and TAKEPROFIT, depence on trading direction
- I choose a Takeprofit more then 2 times of my risk
- => I lost the most time with this rules
But the rules are not the problem!
The problem was my overtrading. I see only "ONE" signal to take action => then it overcomes to reaction buy, no no, sell... dame, better buy and so on => always if I was in loss I tried to rethink my trade 24/7 hours in front of the screen.
2. SUPPORT AND RESISTANCE: THE WORST ENTRY POINTS EVER, BUT GOOD STOPLOSS AND TAKEPROFIT AREAS
Another thing is, that support and resistance areas are good reverse moments. Every greedy trader like I used to be, try to catch the early trade to make more money than anyone can imagine. Then back to reality: you get stopped. The market takes your money and you don't realize why!
On this moment, you have your own opinion of the market and this your mistake to believe you are right. You hadn't wait enough!
3. BE PATIENCE - TRADE LATE AND RIGHT THEN EARLY AND WRONG (MULTIPLE)
The headline above in point 3. is since my realizing the importast rule. Trade late and right!
Because the other thing of trading you can: the right risk, the winning opportunity.
Sometimes it helps to look in deeper timeframes, to get enough win-risk-ratio.
Hopefully it helps you!
Kind regards
NXT2017
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📈 Cheapest Entry: nxt2017.com/pi
Discount Coupon:
nxtcoupon20 for -20%
