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What is Top Trading Mistake Revealed about?

The number one mistake traders make is cutting winning trades too early and letting losing trades run too long. While traders are correct over 50% of the time, they lose more money overall because the average losing trade has a much larger loss than the average winning trade has a gain. This is because humans are loss averse - losses hurt more psychologically than equivalent gains feel good. To be successful, traders need to let their winning trades run to full profit targets while strictly cutting their lo

Author

hasho

Language

EN