I think the biggest mistake is that they belittle relevance of paper trading thinking that with the help of intuition they can beat market. However it's common misconception since even if you are good at pattern recognition you don't know how price will behave after them since you have no experience watching them in action. Basically your intuition can be false.
Trading on intuition is difficult, especially if you have no trading experience. A beginner often takes his desires as intuition in trading and makes mistakes.
Trading on intuition is difficult, especially if you have no trading experience. A beginner often takes his desires as intuition in trading and makes mistakes.
New traders often make mistakes such as not having a clear trading plan, overleveraging, letting emotions drive decisions, neglecting risk management, and failing to keep a trading journal.
The problem is that a beginner enters the market and if the price moves in the wrong direction, he cannot admit the mistake. And he waits until the last minute, watching the drawdown.
The problem is that a beginner enters the market and if the price moves in the wrong direction, he cannot admit the mistake. And he waits until the last minute, watching the drawdown.
The problem is that a beginner enters the market and if the price moves in the wrong direction, he cannot admit the mistake. And he waits until the last minute, watching the drawdown.
usually new trader have an unrealistically high expectations from the market. this question reminds me of a video I watched a while ago on youtube, let me see if I can find it; it will be really useful to answer this question.
