Let Your Profits Run, Don't Let Big Winners Get Away 

Mistakes in Trading .Com

Let Your Profits Run, Don't Let Big Winners Get Away


At first these two objectives seem to be at cross purposes. If you are holding a winning trade and you take a profit you are no longer letting your profits run. Conversely, if you are holding a big winning trade and you let it ride, then you run the risk of letting a big winner get away. So what is the right thing to do? The answer to this paradox lies in your answer to the question "what criteria will you use to exit a trade with a profit?" Whatever technique you decide upon for exiting a trade with a profit you must apply trade after trade after trade.

Constantly refer back to these four cornerstones when developing your trading plan. Doing so will help you to develop a solid approach to trading, one which has a realistic probability of making money in the long run. It will also help your confidence to know that you are building a framework which is based upon the most important concepts in successful trading.

Categories in Trading Mistakes

Lack of Trading Plan
Planning plays a key role in the success or failure of any endeavor

Using too much Leverage
Determining the proper capital requirements for trading is a difficult task

Failure to control Risk
Refusing to employ effective risk control measures can ensure your long-term failure

Lack of Discipline
A lack of discipline can destroy even the most talented and best prepared trader

Useful Advices to Beginning Trader
You can control your success or failure

All about Stocks
Encyclopedia about Stocks. That you should know about Stocks before starting

Forex Glossary
All terms about Forex market

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