The Five Most Common Trading Mistakes Made by Almost All New Day Traders

Trading for a living is probably the number one reason that makes many people enter the day trading arena. Trading also offers many benefits that can never be matched by traditional nine to five jobs. But, it is also a trap that many want to be traders fall into if they come totally unprepared. Many traders make mistakes and learn from them, and then there are other traders who make the same mistakes and never learn from them. Below, we take a look at the five most common mistakes made by the novice day trader.

(1) Not Having a proper Trading Plan in place : Most people start trading without any kind of plan in place. That is a very serious mistake to make. Every business is built on and thrives on proper planning. A trader should know in advance how much risk capital they are willing to trade with. Traders must stop looking for the Holy Grail and try to get good at one or two setups and execute them .......................
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