Don’t Make This Mistake
One of the most common problems that novice traders come up with is constantly trading in the market. This usually happens because of the excitement feeling of opening a position.
Do you know that your body releases Adrenaline hormone even when you loose money? After a while this adrenaline becomes an addiction and overwhelms the idea of “making money”. Novice traders usually wouldn’t even notice that. Subconsciously all they want is to satisfy the craving for this exciting feeling.
We firmly believe that being disciplined is the key for being successful in the financial markets. One should always ask before opening a position; “What is the purpose here; making money or feeling the excitement?”. Until your response is “making money!”, stay away from these positions. Even this simple evaluation could prevent you from numerous losses.