TOP 10 Day Trading Mistakes YOU NEED TO KNOW!!!

TOP 10 Day Trading Mistakes YOU NEED TO KNOW!!!

The Moving Average

2 года назад

1,377,161 Просмотров

https://tmafx.com

these are the most common mistakes that I see day traders make. I have made them myself. and I want to tell you what they are so that you don't make the same mistakes.

0:00 Top 10 mistakes chapters
1:24 Mistake #1 You entered too late
2:54 Mistake #2 RSI Divergence
3:41 Mistake #3 trading without a stop loss
4:48 Mistake #4 Too much money
5:54 Mistake #5 Too many indicators
6:48 Mistake #6 Don't change a strategy
7:56 Mistake #7 You wont get rich quick
9:02 Mistake #8 Not demoing
10:01 Mistake #9 Strategy Jumping
11:00 Mistake #10 Don't quit

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The potential for a large amount of profits in a short time period makes day trading an appealing profession (and sometimes even hobby) for many individuals. While the concept may sound simple, in reality it takes careful research, thoughtful strategy, and often a few months of experience to truly succeed as a day trader.

It’s easy to get caught up in the excitement of making quick moves on the market, which means it’s also easy to make mistakes that cost you big—literally.


Familiarize yourself with the most common day trading missteps, so you can avoid making them and maximize your trading dollars.

Day trading is not gambling, which means you can’t stake your money on chance. Day trading is about making quick, calculated moves that will minimize your risk of and loss maximize your potential for profit. That’s why rule number one for succeeding in the industry is to come up with a plan and stick to it. Take the time to educate yourself on trading strategy and research market patterns, and use that information to develop a plan. When you commit to a plan, your emotions are less likely to take over and lead you astray in the heat of a trade.

While experienced day traders can sometimes make this mistake in a moment of fearlessness, risking more than you can afford on one position is a mishap more common to new traders. Particularly when you’re just starting out, you want to stick to trading smaller positions (think 100 shares or less).

Day traders should concentrate on fixed and reliable returns. If you spend your time chasing the hottest stocks hoping to come out with a win, you’re more likely to panic sell or buy and end up losing.
Desperately holding onto losing positions is a very common day trading mistake that is, more often than not, based in emotion. Unfortunately, it’s also a mistake that can quickly destroy your enterprise.

NOT FINANCIAL ADVICE DISCLAIMER

The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Тэги:

#top_10_day_trading_mistakes #day_trading_mistakes #biggest_day_trading_mistakes #my_account_got_blown #i_blew_my_account #i_blew_my_forex_account #how_to_stop_losing #day_trading_how_to_stop_losing #i_wish_i_new_before_i_started #forex_mistakes #top_forex_trading_mistakes #forex_trading_mistakes #top_10_forex_trading_mistakes #day_trading #trading_mistakes #day_trading_loss #the_moving_average #tma #TMA
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Комментарии:

Sohail Mirza
Sohail Mirza - 17.09.2023 21:33

Very nice way of teaching

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Traider zero
Traider zero - 17.09.2023 19:46

hey I'm paper trading on Trading view.. not sure how much I should set the commotion rate to make the trades more realistic

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Jovani Perez
Jovani Perez - 16.09.2023 03:15

Watching And Analyzing!

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Rashid Nadeem
Rashid Nadeem - 15.09.2023 06:02

do you do signal service for trade?

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Wantanee Rochatiwonsuk
Wantanee Rochatiwonsuk - 15.09.2023 00:43

You the best!! I just found this vdo, Man! He is the real one!
Thank you so much bro

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miracle essien
miracle essien - 12.09.2023 13:14

Pls help me I'm new in trading

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patricia haller
patricia haller - 09.09.2023 22:35

AND the long , short position tab on TView I’ve played with. It not connected to the broker w that so I use my TD acct while watching the chart etc but I’m thinking of opening the broker acct connected to trading view

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patricia haller
patricia haller - 09.09.2023 22:32

I don’t understand PiPs

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Kseniya Birukova
Kseniya Birukova - 09.09.2023 11:56

your everyday life will become a better, if you will got few different sources of income. think about it

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m shahi
m shahi - 08.09.2023 19:55

great great saying

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thomas bowen
thomas bowen - 08.09.2023 00:24

You said a demo account basically the only time I got is lunch time. I’ve been in the market for about three years and I’m almost there now I’m ready for the next leap. I understand charts strategy’s and all I just trying to get the income to do it so here’s to my future I’ll take any and all knowledge u have thank you

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Ryan Carter [TH59]
Ryan Carter [TH59] - 07.09.2023 16:20

Hey man your videos are awesome!
I have been trading now for 5 months started with $50 and ended up losing it after a month.
I then added another $50 which I almost lost and ended up going down to $16.
Now after 3.5 months I have clawed back the $100 dollars I lost and now making consistent trades with a win rate of between 55% & 66%.
I have now turned that $16 into $145 and growing each day more and more due to placing larger trades.
I really struggled with the phycology and getting emotional whilst watching the trades go up and down and started to exit before the stop loss which made my balance drop because I was right it made me more and more annoyed.

Then I saw a few of your videos about how emotions will really have a huge negative impact on your trades and man you are 1000% right! Since then I have turned my mind around and getting a real grip of the emotional side of things.
I genuinely believe everyone should start with a small account and work it up getting used to the price going up & down in first penny's then pence then pounds. Paying someone to teach you can only go so far because you need to make mistakes to understand everything.
Thankyou for your videos! happy trading guys and good luck x

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Rakesh Kumar
Rakesh Kumar - 07.09.2023 07:58

Great video for beginners bro.. ❤️💫🇮🇳

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Youssif Sherif
Youssif Sherif - 07.09.2023 07:54

Man we love you

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aLdERF
aLdERF - 06.09.2023 11:31

artie, if you were my math teacher, I would probably aced it!

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angelia putri
angelia putri - 06.09.2023 09:49

Cool, thank you for sharing knowledge, quite a bit of added knowledge again besides being able to knowledge in the nfc community

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Valeria
Valeria - 05.09.2023 18:45

Now with the recent economy ,To get financial FREEDOM you have to be making money while you’re asleep

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Barbara Markert
Barbara Markert - 04.09.2023 22:52

🤣 Didn´t do all of them, but most.... Great video, love the rant....

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Janos Nagy
Janos Nagy - 31.08.2023 20:09

I just watched this video, you so funny, you almost enjoy to talk about this mistake.

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𝓓𝓞𝓟𝓔𝓛𝓔𝓝𝓢
𝓓𝓞𝓟𝓔𝓛𝓔𝓝𝓢 - 31.08.2023 06:14

When you Enter the real life of trading, you know it not about winning just a night. We win, we lost 😂 😂. It never easy..

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glory
glory - 30.08.2023 20:40

Which app are you using to monitor the trand

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HowTap
HowTap - 30.08.2023 16:15

The money first time you put in the market 100% sure that you will lose it. 😂😂

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Rose
Rose - 30.08.2023 09:55

It has been awesome, really crypto is very frustrating... It was astonishing how imade $80,000 with $20,000 as a novice.. I got to put in some $$$ in it though

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Alex M
Alex M - 29.08.2023 23:46

I only trade with my EAs, and yes, no stop loss. Manual is bound to fail....why make myself a slave to charts?

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joaquim_the_gamer games
joaquim_the_gamer games - 29.08.2023 19:48

For I stuck on the ichimoku strategy, I understand more and love it! Thank you for emphasing on that

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joaquim_the_gamer games
joaquim_the_gamer games - 29.08.2023 19:46

Pretty Awesome Arty, thumbs up! Same mistakes I still do up to today, but now I know, the stop loss and entering time! ❤❤❤

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Sosublime
Sosublime - 29.08.2023 19:45

These are all facts lol

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Ayla Paquette
Ayla Paquette - 28.08.2023 13:49

Great video, trading come with a lot of benefits And I have just bought my second house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

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John Sterling
John Sterling - 27.08.2023 20:23

Watched twice! Excellent! Will watch over again many times. Maybe not 55? Now 3 times!

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Pandora's Box
Pandora's Box - 27.08.2023 13:06

lmfao tuna fish in cake hahaah
i keep watching this and always make me laugh

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OwenVentures
OwenVentures - 23.08.2023 22:41

😂love your sense of humor and your realness of it all. It's not simple or EVERYONE would do it and would be rich! I figure if i learn a little every day for 1hr, then I'll have 365 hrs of knowledge i didn't have before! Baby steps. I only make $10-15/ trade right now but over time, it'll add up and I'm learning too. I'm checking out all your videos. Thank you! 😊

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Bartek Basinski
Bartek Basinski - 23.08.2023 15:26

Arty, I am sure you have watched Wolf of the Wall Street. Do you remember the scene when Jordan Belfort meets Donnie Azoff? I am so genuinely shocked that someone like you exists on this planet and think the way you do (conclusion based on other videos of yours) I would be ready to say exactly the same thing that Donnie said to Jordan. I would genuinely want to meet you in person and talk about the future. If you say yes, I'll jump into the soonest plane to Poland. Seriously!

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Toochii
Toochii - 19.08.2023 18:41

Thanks for this video..... You're a lifesaver 🙏

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Be a Mindful Warrior
Be a Mindful Warrior - 18.08.2023 12:32

Your best video ever. That number six... was awesome!

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Drew Lankford
Drew Lankford - 18.08.2023 02:40

So important to minimize your loss. If you make 2x as much as you loose you're paying 50% or more tax rate on your net gains.

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TM
TM - 18.08.2023 01:21

55 times, huh? Just 1 ?… can I put Tuna Fish Icing on a perfect cake? 😂❤

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Ahmed Summy
Ahmed Summy - 16.08.2023 07:13

For the first time, this week I started with $428 then $560 now $100.
I already can match everything with me mentioned in here.
Now I will keep these in mind and let you all know how did it go.

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Catherine C
Catherine C - 16.08.2023 01:00

that rant made my day, nailed it :P

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siimmywiththeheat☆
siimmywiththeheat☆ - 16.08.2023 00:05

Sorry charlie😂😂😂😭

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Ben Lines
Ben Lines - 14.08.2023 12:42

I want to start with $100. The strategy that I want to do try is start with $10. My aim is to turn that $10 into $20, $20 into $40, then $40 into $80 etc etc. Doubling as I go.

Is this strategy possible?

AUD/USD for 2000 is about $66.67 required.

Should I treat $66.67 like $10 and then double $66.67 until I make $133.34. $133.34 will be like my $20?

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hubervids
hubervids - 13.08.2023 12:34

Thanks bro! Best wishes!

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Hendrick Richardson
Hendrick Richardson - 13.08.2023 11:43

What is this platform?

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JAII
JAII - 11.08.2023 15:01

mistake #1 has me laughing at myself so hard right now

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Trevor Morrissey
Trevor Morrissey - 09.08.2023 11:34

Thank you. I re watch your videos a lot. Great lessons.

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Carlos Bello
Carlos Bello - 08.08.2023 19:50

Best video ever. I was just on the quitting path. Thanks

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Faben Hunt
Faben Hunt - 08.08.2023 10:32

Thanks for the effort into these videos, really helpful so far

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Parham Esfandiari
Parham Esfandiari - 08.08.2023 07:37

Like your sense of humor.

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Brock
Brock - 07.08.2023 03:45

What is that laptop? Thanks

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