Trading Strategies: How to be the Winner?
Stop making these common mistakes if you want to be a profitable trader in 2025.
1. Stop averaging down. This is a loser's strategy. If a trade is going to work, there should never be a need to buy more. Averaging down leads to oversizing and will bring many emotions into the trade.
2. Stop feeling FOMO. Fomo is an account killer. It causes you to enter trades you have minimal understanding of. You're chasing money and following blindly into a stock you have no business being a part of. Associate FOMO with losing. IF you recognize you're feeling FOMO, you need to sit on your hands.
3. Stop relying on others to buy/sell/hold a position. IF you find yourself constantly asking another person if you should hold/sell a position. You will fail. You didn't have a plan before you entered a trade and now you are lost when the position goes against you. Make a plan before you enter otherwise don't enter.
4. Stop being greedy. You make $30/hour at a job and you won't take profit when you're up $500 in an hour? This is the mentality of the get rich quick type of personality. You need to appreciate all profits and secure them when you've reached your goal. Don't hope for more.
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