5 Biggest Day Trading Mistakes that Beginners Make (That Professional Traders Avoid)

Why do new day traders always lose out to professional traders, be it in forex trading or the stock market? What is the extra edge that professional traders have that allow them to always win in the long run against new traders? Is it trading psychology? Money management? Risk management?

Back when I was day trading professionally in a private equity fund, when I was sitting next to veteran traders with 20, 30 years of experience who were literally moving millions of dollars, I was fortunate to have the chance to observe the way they trade.

And I also got the chance to see many new traders come and go. And to see the kind of mistakes that they made. And I realized that for retail day traders, if you want any chance of competing with these professional traders, you need to be able to understand and learn certain key skills and avoid key mistakes that will kill your trading account.

Do check out my video to find out more!

Enjoy the video, and remember to "like" and "subscribe"!

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[Synapsetrading]

What were some of the biggest mistakes/challenges you faced when you were starting out as a new trader? Let me know in the comments below!

[leelin]

Setting up a proper stop loss. Too strict will result in early exit, too loose defeats the purpose.

[timothyjunius]

I'm falling to the lone wolf category. I especially need a coach who I can share my trade plan and share back feedback

[selespeed]

The biggest mistake is doing day trading - Newbies should not do day trading.