It all comes down to patience. They don't have patience. When they realise that their trades are not going as planned, they usually square off or wait until the extremes. This is a common mistake; they should take their time to learn and trade with caution.
Just as a building needs a solid ground floor, trading begins with errors that act as the foundation of our experience. Embrace the fact that mistakes are inevitable in trading, but they also present invaluable chances to excel and achieve substantial financial success.
New traders often overtrade, lack a clear strategy, and neglect risk management. Emotional trading and insufficient education can lead to losses, so it's crucial to have a well-defined plan, discipline, and risk management in place.
sud wait for proper set up to happen as per strategy with proper stop loss and tgt. that is basic but one can exit before target but never trade by modifying stop loss that is my opinion about new traders
According to me, new traders frequently overtrade, risking too much capital on a single trade, and ignoring risk management guidelines, resulting in big losses. Furthermore, emotional decision-making and a lack of a well-defined trading plan are common hazards.
