The Worst Mistakes Beginner Traders Make

Common Trading Mistakes and How to Avoid Them by Rowena Harris-Doughty of LCG Many novice charge full-throttle in the markets with big idea and high profit expectations but soon find out that making money trading the financial markets is not as easy as they expected. Trading can be hugely rewarding but trading is also very demanding. Being too emotional or losing your 'cool' is a recipe for disaster.

[ukspreadbetting]

👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰

[meo]

1:00 Too Emotional/Losing Control
1:30 Lack of recording your trades
2:06 Expecting easy profits
2:31 Blindly following Mechanical systems
3:20 Improper/Bad Timing
4:17 Placing Stops too tight
5:01 Not calculating Risk/Reward Ratio
6:02 Not cutting losses and Exiting too early

[Gherson]

i´m a welder. Why did I watch every second of this?

[crisistrader]

Mucha gente no entiende el video! Es realmente increíble, tienes que hacer pausas si no entiendes la comprensión pero ya te dijo todo. Solo tienes que comprenderlo y la mayoría lo entiende por la experiencia!!

[Lunkyful]

Absolutely right.

Don't risk more then 1 or 2% of your capital no matter how long you have been trading. Use support and resistance lines with price action only.

Avoid indicators they are made by programmers not traders.

[FractalTrades]

bunch of creeps in this comment section as well, have you never seen a beautiful female before? jesus christ

[hrsToChooseThis]

Why do I watch videos with extremely attractive hosts? It's so distracting!

[tj]

It is exactly the same if she was coaching someone getting ready for their first trip to Vegas. What does that tell you?

[nickarry]

6:16 "when you make a mistake you need to know when to call time and continue on to the next trade" - honestly i think more of that is to do with learning *how* to realise you've made a mistake in the first place. sometimes i pull out of trades (don't use SL if i'm actively monitoring the market) and if i say ok i made a mistake so i pull out and lose some money. what sometimes then happens is the market once again proceeds to move in my direction and hit the TP goal that i cancelled literally 2 minutes ago... leaving me frustrated and confused.

[masterofus]

Thanks so much Miss madam fo r great points

[PandorasBox]

greed and fear is the hardest one to overcome on this market, and usually kills people account

[chohanchohan]

All this was me..and now I just focus on oil and killing it...most I have e lost is £75k ...but making a huge comeback this year with £250k profits and more...and no more emotional trading ..and Woman you are Super Fit...🍻🍻🍻

[TonyMiyamoto]

Ur content is hitting home.
I have been in profit for the last 3 weeks but this week i have only been making losses. Okay, managed losses but like I literally blind trades.. I may as well have been blind by the way that I have been trading this week.

Im down to +-30% of last month's profits.
Nah maybe less if my pending order turns out sour by the time anyone reads this

[Harismk]

Thanks madam
I trade in indian nifty.
Very useful explanation

[giggs]

How much to trade for her to read me bedtime stories???...Man, her voice is amazing...truly priceless...

[DanielRamBeats]

Thank you for this course, learned a ton! Great tips on on building the trading plan and an nice overview of the fundamentals.

[Mr_Chuckles]

Print every chart for every trade! Save the trees!

[Discoworx]

I draw lines and use text on trading view chart

[sukhmaidickoff]

She is SO right about the "record-keeping". It really has improved my trading too. I always - for every single trade (and on some days I make up to 20 trades or more) - write down some info about the trades. It doesn´t have to be a full diary, but I write down the time of the day when I open and close the trades, the market exposure, what "instrument" I´m trading and so on. At the end of the month that gives me a lot of data that I can analyze and that can make me a much better trader.

[tonya.]

Greed. Dam right. She is super hot also. Dam brains and beauty. Rare