1) Hyper Excitement The market opens by 09 :15 a.m and you start taking trades like a running race. Don't get over-excited to trade every move because your goal is to make consistent money and make yourself rich not your broker rich. Solution is shared below 👇 👇

Plan of Action: Before market opening and during market hours always have your trade plan ready , support/resistance marked and start understanding the price behaviour so you are aware of direction before taking trades. Next 👇

2) Over-thinking Don't force your brain to find accurate entry , accurate strategy, accurate exit ( 100% not possible ) If you are still over-thinking before taking trades - remember we can control the max loss with position sizing and rest let the market do it's work

Plan of Action: Write your strategy from process to find direction , trade entry to exit rule along with risk management. Start thinking about it by doing revision in mind or read it everyday before the market opens.

3) Marrying your analysis Just because you have analysed it doesn't mean the market has to do the same. Stoploss is introduced because at some point you have to give up on that trade if things go against your plan or trade. 👇👇

Plan of Action: Being wrong in a trade or series of trades is part of trading. Better focus on the Ratio of Profit : Loss. Profit making trades should generate more money compared to loss making. Ratio can be 2:1 , 3:1 etc... ( Minimum 1.5 :1 )

4) Don't track the market or trade in the market just to recover losses. Your actual goal the day you started trading was to make consistent money. ( Here your mind was fresh , focused ) But in-between,the losses have diverted your mind to become less focused and more fearful.

Plan of Action: Don't think about the result. Result pressure creates fear and you become careless and less focused in understanding the chart. Maximum you can Learn from past losses ( As the past can't be changed ) Focus Now and change your future

5) Avoid Over Confidence Just after a few profitable trades don't start calculating like a newbie trader👇 If I make daily 10k in 1 month I can make "x" % return and in 1 year I can 3x my capital and in 3 years I can 20x my capital. Useless calculation 👇👇

Plan of Action: Talk to yourself and Don't become the God of the Market Self talk - Focus on the plan , Avoid distractions, Respect the risk management.

End of this thread I hope this 5 Warning ⚠️ signs will help to get rid of Bad trades. Follow me @learntotrade365 and get non-stop learning. Join the Channel for FREE Live Market updates , videos etc... https://telegram.me/learntotra...