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Lack of a Plan
When first starting out, some people trade without a well thought out trading plan. The reasons vary – but some can feel it is too much work writing one out.
They’re tired, not doing the research, and no longer keeping records of their trades. Quite literally, it’s a sign that there is not enough “psychological fuel” left in the tank.
You know you’re in bad habits territory when you realize you’re making the same mistakes over and over again.
WHY MOST TRADERS LOSE MONEY?
“An investment in knowledge pays the best interest."
– Benjamin Franklin.
Earnings depends on learning.