What are your bad habits while trading forex?

[indieover]

oh well one of my bad habits in forex was getting too confident. sometimes i do lack the knowledge but i still so confident that i can get to make profit or have winning trade. but i have loss. and now i am back to learn forex.

 

[budado]

I guess impatience. this is the biggest bad habit that I have. I'm always impatient. I have a position and I have an sl and tp but when I open my platform and see the theirs a slow movement. I end up going to open lots of position just to have some activity in my account and when the price suddenly move then I'm dead. lols. Got MC. lols.

 

[indieover]

Indeed its bad if you don't have the patience because it's very uch needed to have a lot of patience as, most of the time that we need to wait before we can make some decisions. That's why I do want to practice patience as I l know it's very much needed

 

[petrelsea70]

i think every trader have bad habit which make his/her trade wrong and mistaken,now a days i m enjoying good profit and also learning from my mistakes and also notice it after lose,my bad habit is lack of patience ,i bear so much lose only for lack of patience and i think its a common habit ,2nd my bad habit is greedy i did lose $50 because of greediness,i think all trader need to avoid these things in trade

 

[monyitomon]

Yes, that is one of the bad habit that beginner has because they are being impatient about it as Forex is a long process you can't be profitable when you are just starting up so you will really need to face all the losses because that will make you learn what you need to.

 

[indieover]

yeah there are so many bad traits. not every one has the same bad traits or habits in trading. so we better find it out ourselves which are those habits are bad for us so we can change them.

 

[monyitomon]

Yes, it's better that we can change it when we are just staring so that big problem won't occur because of that bad habit that's why we really need to evaluate ourselves when we are not satisfied with our performance in trading.

 

[kasual]

I am still have not a good mental and its cause me to lack focus and discipline to follow my own rule. sometimes I close to early because to worry that my profit order become loss or otherwise to worry that my loss order become greater loss if I am not close it. while if I follow the rule, the story will be different.

 

[Tirus]

Its good that you are aware of what your bad habits are. For some traders, they just experience losses but do not take the time to assess where the fault may lie and this is no solution to their problem. The fear of loss can actually stop you from making profits indeed because you close early and lose from what could have been a good trade.

 

[indieover]

I think each trader is different different and so their bad habits is different although we may be similar in some bad habits and so we have to learn from other traders how they were able to defeat their bad habits in forex.

 

[Tirus]

The habits may really be unique to each trader but at one point or another you will find that you have some common bad habit which is why the sharing is important. In the process what you are getting from other traders experience can also help you to realise where you might be getting wrong as well as good suggestions on how to remedy them.

 

[kasual]

yes, its very good idea to share our bad habit during trading with hope, by know it, we will not fall in the same way. we also can respect other people process in order to become consistently profitable trader. and we all know that its not an easy thing.

 

[Tirus]

It definitely is not an easy thing and the best thing to do is to rely on each other for help and advice so that we can all progress. Granted, not all advice we get will be good ones but I do believe that in time a trader will learn to choose the sources where they get advice from and learn from them.

 

[kasual]

other trader advice its important to help us get better understanding about market and trading. especially advice from experienced trader because previously they also facing the same problem with many new trader or beginner. so can be sure that they already have solution for new trader problem.

 

[Tirus]

They have obviously been on this road before and faced the challenges that beginners are still going to face in their trading journey. Their advice will therefore be of importance to helping you learn especially when it comes from who knows more about trading and has been trading for longer.

 

[indieover]

yes the expert traders have experience a lot of things that newbies may experience too. so it is better to know the experience of expert traders so we may be able to avoid the same mistakes they experience and so we may have better experience in learning forex.

 

[Tirus]

This is why I always important to share experiences on forums like this one for example because when you get to mingle and participate in discussions with other traders you get to learn from them too. You can also know the what things to look out for so that you can avoid making the same mistakes yourself.

 

[monyitomon]

Yes, because if we can avoid the same mistake then we don't need to experience it on our own, but not everyone will understand it unless they experience it on their own, but it's better if we can learn from the other mistakes.

 

[riddick09]

Its difficult to have that learn of other mistakes. At first, do we need to find other traders faulty strategy or their experience. I think its really can save much time and energy if we will going to investigate our own bad habits rather than others which we don't have much idea how to begin.

 

[Razor1911]

as i am a newbie in trading.. i am just learning the basic things.. but i found the fault in my trading is that i dont know where to lock positions..
also i do some overtrading and which make me to claim some loss in no time..
so i should make some improve in this things..