50 Common Trading Mistake | Psychology and Money Management

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50 Common Trading Mistake

  #5 (permalink)

wellington new zealand
Posts: 12 since Mar 2017
Thanks: 0 given, 14 received

Re 4 : Letting .......profits turn into smaller profits and losses

If a trade goes into profit, retraces to a smaller profit or goes negative but the trade is still valid (eg initial stop hasn't yet been hit) why is that a mistake ?

To take your sentence to the extreme you'd be exiting as soon as a trade moved t tick in your favour then had a 1 tick retracement

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