15 Things That Cost Traders a Lot of Money

Ten Things That Are Expensive For Traders.

  1. Egos.

  2. Emotions.

  3. Not respecting the mathematical risk of ruin.

  4. Gurus.

  5. Television.

  6. Trading without a methodology.

  7. Trading with no trading plan.

  8. Stubbornness.

  9. Trading without a stop loss.

  10. Trend fighting in your time frame.

  11. Over trading.

  12. Taking bad entry set ups.

  13. Copying someones trades with no knowledge of their position sizing or time frame.

  14. Not knowing how to take profits in a winning trade while they are there.

  15. Not doing the proper homework before trading.