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WIN BIG. LOSE SMALL.
Many traders lose money because they win small and lose big. Sometimes even wiping out their entire trading account. This happens usually because of these reasons.
1. Over trading
2. Extending stop losses
3. Adding to losing positions
4. Position sizes that are too large
5. Risking more money than they know they should
To make consistent profits in the market, you need to stop making these mistakes and start winning big and losing small. 📈📉📊
11 4426:47 AM Sep 2, 2018
"Wanting to make money is the reason most want to trade. Wanting to make fast money is the reason most fail at trading."