5 mistakes that can destroy your account

The market is driving by fear and hope. Here are 5 of the most common mistakes that many day traders do. 1. Lack of plan – „The most...

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finance tipsThe market is driving by fear and hope. Here are 5 of the most common mistakes that many day traders do.

1. Lack of plan „The most common mistake that traders make is entering the trade without a good plan,“ said Tony Turner, author of A Beginner’s Guide to Day Trading Online. Nearly every error is often due to trade without a plan.

2. Misuse Margin- If there is something that can destroy a trader‘s account daily, it’s margin. This is when you take loan from the broker to buy securities. If used correctly, the margin is a valuable tool that can increase profits and give retailers a place to breathe.

3. Chasing dealsWhen we see that a tool goes higher and higher, we all want to join the party, „says Turner. „The problem is that experienced traders go through the back door, while new traders arrive.“

4. Misunderstanding the market and pending orders– Now that the spreads are very narrow, limit orders make no sense,“ says Deron Wagner, founder and head trader of Morpheus Trading Group. „You can not miss fast-moving action, just to save a few cents,“ says the specialist.

„Сега, след като спредовете са много тесни, лимитираните поръчки нямат никакъв смисъл“, казва Дерън Вагнер, основател и главен трейдър на Morpheus Trading Group. „Може да пропуснете бързо движеща се акция, само за да запазите няколко цента“, допълва още специалистът.

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5. Allow your emotions to rule over youWhat is needed to become a better trader? Discipline. „We need to develop a set of stringent rules to take the emotion out of trading,“ said Kurisko. Most day traders use technical analysis.

There are more rules, but these are the basics that should be followed. Of course everyone has their own style and way of action. You should always remember that the market 90% of traders lose money while only 10% actually earn. And always invest as much money as you can afford to lose.

Ако има нещо, което може да унищожи акаунта на дневния трейдър, това е марджинът. Това е, когато взимате назаем от брокера, за да купите ценни книжа. Ако се използва правилно, марджинът е ценен инструмент, който може да увеличи печалбите и да даде на търговците място за дишане.

Прочети повече на: https://profit.bg/news/10-greshki,-koito-mogat-da-vi-srinat-akaunta/nid-119397.html

Ако има нещо, което може да унищожи акаунта на дневния трейдър, това е марджинът. Това е, когато взимате назаем от брокера, за да купите ценни книжа. Ако се използва правилно, марджинът е ценен инструмент, който може да увеличи печалбите и да даде на търговците място за дишане.

Прочети повече на: https://profit.bg/news/10-greshki,-koito-mogat-da-vi-srinat-akaunta/nid-119397.html

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