Trade too much
This is probably the very common case. Trade too many orders at a time. I once met surfing traders who traded hundreds of orders a day. Almost every day glued to the screen to transact. People who trade this way often hate to set stoploss, of course I still meet people with stoploss and they often take short profits, enter the market continuously and can say their trading history is very beautiful. , rarely see loss orders.
However, once they are at a loss, these traders are the ones who are most psychologically vulnerable, but because they trade often, they always put their capital and psychology behind the priority list. transaction plan. A single loss can make them more vulnerable to psychological and trading out of control. Even resulting in gongs and account destruction.
There is another case that is trade addiction. These traders often prefer to enter continuous orders. Sometimes they don't have any basis for trading, because they want to trade, want to be able to get in and out and see a positive account. But once they lose, they easily fall into the kind of revenge deal. Often new traders easily fall into this situation. In any case, it's still not good for traders at all. If you are at a loss in this case then do not blame anyone, you are the cause of your account.
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https://vakaxa.com/vi/tuyen-tap-5-su-that-thu-vi-ve-bitcoin-ma-cac-trader-hay-nha-dau-tu-nen-biet/The trading volume is too large
This is yet another common case for trades that clearly show greed and desire to eat thick. No matter how good your analysis is, if you enter the market with such a large volume you are gambling. You ignore the probability of the market.
Trading volume is too large, which makes the trader psychologically if the price goes against the judgment. This proves that traders have no rules in capital management and gradually it becomes a habit that makes traders overlook stoploss placement. It is a very dangerous thinking, if keeping this way of trading, it is very difficult to go far from the market.
When trading large amounts, your account goes faster than you think. Once you lose money, this loss will cause you to lose control and make many wrong decisions and lead to losing money. So if you have a large trade loss, do not rush to blame the market or method. The number one cause lies in yourself.
Know too many methods
Many traders take a long time to read and save on trading and then apply to their account. The result is more than expected. Losing no more armor, losing to the end.
This is also the case without exception. The trading method is what makes traders the easiest to fall in. Rarely does anyone try to be patient with a method, learn every nook and cranny of that method to confirm whether they are effective or not, but the trader just keeps looking at the profits and then trading for a couple of weeks to see no results. is to find another.
When I know too many methods, it is easy for a trader to realize that I know a lot about trading, I go through many methods, each holding a little. But the final problem is that the trade is still inefficient, even though the trade knows much, sometimes it makes the trade make the wrong trading decision. Knowing too many methods easily makes traders lose confidence and frustration.
Best traders should not know many methods, just understand and know how to operate 1 to 2 methods is good enough. Left focus on managing capital and psychology. Slowly the results will be improved.
In short, anything too is not good. Everything should be at a moderate level, we learn a little bit each day, trade a little bit each day, forge a little each day. We go slowly, the results come slowly and go hand in hand throughout our trading journey. If you do not want to lose, firstly traders need to remember 3 things that should not be so in trading!
Good points, but I don't think trading too much is a problem in itself. Algorithms make a lot of money daily through high volume trading (you can verify this with a few google searches) and I believe that it's the trading too much without a plan thats the issue. If you plan to trade, you should plan to both win and lose as well, the psychological effect is only a side-effect and can easily be handled as long as you have a plan B for when a trade goes wrong.
