THE BIGGEST MISTAKES NEW TRADERS AND INVESTORS MAKE
Most beginner traders and investors in the stock market lose part or even all of their invested capital in the markets. Though the reasons why this happens has been analyzed again and again; newbies in this market continue to experience these difficulties. Though this could be attributed to ignorance or lack of knowledge, it could be that the psychology of new traders is exploited by the market dynamics.
For instance, they may get fascinated by the possibilities of profit the market provides and hence look to book profits quickly. Such frequency in trading can result to the newbie trader or investor falling into market traps easily.
Let us explore some of the mistakes new traders make.
1. Not cutting their losses in time; we have always heard of the phrase; “Cut your losses quickly and let your profits run”. Though this is repeated over and over, new traders continue falling short of doing that by the mere excitement of booking some profits early. They are also not prepared to take a loss and usually wait for the market to turn around and head to their direction. Markets trend and their loosing position quickly consume their capital and also hold margin that could have used to place other trades.
2. High Leverage; most new traders approach the market from a ‘get rich quick’ perspective. This leads to high use of leverage in order to win big. Though this is possible, leverage also amplifies the losing side. Hence a number of consecutive losing trades will wipe out their trading capital.
3. Over-trading; experienced traders and investors always advice newbies to take trading as a business and not a hobby. However, the excitement of trading influences the habits of new traders easily. This makes them place numerous trades and watch several unrelated markets at the same time. More often than not, their mindset and trading approach becomes overstretched rendering them inefficient in trading.
4. Relying on others; new traders often follow the so called “trading gurus”. This ranges from following major online financial analysts to social media. By doing this, they abandon they trading plan and approach leading to inconsistency in their results and finally losses.
5. Lack of a trading plan; discipline is a major trait that successful traders possess. They create a trading plan based on their trading strategy and stick to it leading to consistency in their trading. They are also able to track their mistakes from the trading plan and correct accordingly. On the other hand, new traders do not keep a trading plan and end up moving from strategy to strategy and following others as discussed in mistake 4.
6. Adding into losing positions; new traders double their losing positions in the hope of getting a breakeven. This is disastrous especially in a trending market. If the market continues to move against their positions they end up with huge losses and the risk of losing their entire capital.
7. Slacking in acquiring more skill; experienced traders reached their level by working hard and acquiring more skills to survive and make profits from the market. On the other hand, new traders think that making money from the market is easy and rarely put enough effort till it is too late.
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DB娛樂城:頂級線上娛樂平台評價介紹
DB遊戲平台,前身為PM娛樂網站,於2023年全面更名為【DB多寶遊戲】。這次品牌更新的階段,DB娛樂平台進一步專注於帶來全方位的線上遊戲體驗,為玩家推動更多的娛樂項目與獨特的娛樂服務。無論是賭桌遊戲、運動投注還是其他常見遊戲,DB娛樂平台都能滿足玩家的需求。
多寶平台的成立與成長 在亞洲遊戲市場中,DB遊戲平台飛速崛起,成為數不清的玩家的首選平台之一。隨著PM集團的品牌重塑,DB多寶遊戲聚焦於提升玩家體驗,並聚焦於構建一個放心、迅速且合規的娛樂環境。從服務項目到支付方式,DB遊戲平台一直專注於卓越,為玩家推動首選的線上體驗。
DB娛樂城的遊戲項目與亮點
百家樂遊戲 DB娛樂城最為廣受歡迎的是其豐富的百家樂項目。平台呈現多個版本的百家樂玩法,包括標準百家樂和零佣金百家樂,迎合不同玩家的偏好。透過實時荷官的實時互動,玩家可以享受真實的現場氣氛。
體育博彩 作為一個多元化賭場,DB娛樂城還提供各類賽事投注的博彩服務。從足球賽事、籃球比賽到網球比賽等受歡迎賽事,玩家都可以隨時隨地參與體育博彩,獲得賽事的緊張感與投注的樂趣。
促銷活動與獎金 DB娛樂城定期推出多重的促銷方案,為新舊玩家呈現各種折扣與回饋。這些促銷不僅增加了遊戲的刺激感,還為玩家創造更多贏取福利的可能性。
DB娛樂城的評價與優勢 在2024年的最新遊戲平台排行榜中,DB娛樂網站獲得了卓越評價,並且因其多樣的遊戲選擇、高效的提款效率和廣泛的促銷活動而廣受玩家喜愛。
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