Traders actually do this.

What We,Traders actually do:

— Overconfident about our ability to pick profitable trades

— Keep losing trades in hope of ‘recovery’

— Never follow the proven adage of letting winners run.

— Do not apply a simple trend following indicator to our charts.

— Easily manipulated by analysts and media into making rash, impulsive decisions

— Blindly follow people who promise 100% return in one month, without asking the obvious question: why does not he do it for himself?

— Understand the psychological problems that all other traders face, but refuse to acknowledge that we face the same problems

— When mid caps start a rally, traders lose their inhibitions and start buying these highly risky stocks as if the shares are running out of supply.

— Refuse to believe that markets change.

— Do not adapt to market cycles and changes in market behavior.

All is Not Lost.

Traders have one big advantage and this advantage can overcome all the problems mentioned above.

Traders have a passion for trading.

If you live to trade, love trading then you are half way to success. An open mind and hard work will take you to your destination. Certainly.