Let's talk about -Rookie Trader Mistakes and How To Avoid Them Nearly every rookie trader does one and often more of these
Rookie trader mistakes
Betting the farm
Strategy hopping
Indicator hopping
Time frame hopping
Watching winners and trading losers
Square peg in a round hole - day trading with PDT restrictions
Follow a strategy that makes no sense for your situation
Triple time frame bullshit
- sorry Van Tharp - but it is.
Averaging down. [ eye roll ]
Adding to losing a position is dumb.
So let's look at the 3 most common cock ups and cook up some simple way to fix or avoid them completely so that the rookie can progress to journeyman and get some joy from the markets. Nearly of these all cases result in a lack of progress or success and most of the time lead to another trading account blowing up.
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