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One of the biggest reason which every day trader often repeat.

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Becoming a profitable trader is learned in hard way. One reason which I think most trader who make losses again and again is repeated mistake. And that is not able to see the possibility on both side. So that you can book loss in the event of your unexpected move. Book good profit in the event of being right.
When we don't see. What we do is we don't put stoploss and even when we put, we keep on increasing stoploss. Which seems ok bcoz many times it just hit our stoploss and go to the same direction as we expected. But thats not the right reason. We have to except that we could have waited for the right entry so that stoploss would be bearable not changeable.
If you repeat this mistake and don't understand. Losses will teach you.
Happy trading!!?

Comments

  1. Phani Kumar24 June 2020 at 15:02

    Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
    Infosys
    IDFC First Bank
    Container Corporation

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