Trade when you are emotionally weak that day to initiate such risk. A trader must be in a strong, confident mind instead.
Try to avoid “Panic, Fear and Hope”. Basically limit your stress. There are the 3 worst enemies of trading.
Discard the risks you take.
Trade without following the rules, without discipline.
Insist trading when you shall stop instead. Some days are not favorable days for trading. So walk out during those days. Our automated Strategies would not trade during those days. If you insist on trading, you may end up winning little as Gross value but end up a loser with Net values. Meaning you may do a lot of trades where fees will eat up your gains. If you lose on day, you may wait for the next day to recover, you may not sleep well that night but at least you will know the next day(s) what solution to take to recover what you lost the day(s) before.
Trade without getting help, such as consulting the Charting prepared for you from technical analysis. The solution is to always consult indicators before Buying or Selling.
Trade on too many Contracts at the same time. Unless you have many Computer screens connected to your computer to check each Contract separately, one trader does not have the time to check all market movements of different Contracts except if the trader had automated all of his trades prior to place orders. This is where our Automated Stategies offer better solution in a sense that they can operate without the trader to watch.
Trade too many lots on the same Contract. If you win, then of course you will win more, but if you lose you will regret it. The solution is to wait until very favorable days to increase the number of lots. There are usually a few days in a month to increase the lot size. Setting more than one lot shall remain the responsibility of an experienced trader.
