I tried chart patterns and failed.
I tried trading indicators and failed.
I tried harmonic patterns and failed.
I tried candlestick patterns and failed.
Eventually, I realized it was not the tools—but me.
And everything clicked.
How to lose money trading:
1. Overtrade
2. Revenge trade
3. Have no plan
4. Trade against the trend
5. Average down
6. Focus on indicators
7. Listen to the news
8. Hold losers and hope
9. No post-trade analysis
10. Chase extended stocks
What would you add to this list?
The most avoidable 5 mistakes that new traders should STOP doing:
1) Trading without a stoploss
2) Entering the wrong position size (accident)
3) overleverging (intentional)
4) Comparing results on social media
5) Gambling (no plan)
I’ve heard so many stories of people blowing accounts due to these… these are all avoidable