Overtrading is a common problem and especially for new traders. One of the causes of overtrading is trying to make up for previous losses, and that’s very common. And understandable. But that problem is caused by taking trades that should have been avoided in the first place. This video is made for those who take on more trades than necessary. Rather than reading about it – just watch the video.
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If you fancy yourself a day trader, you should know what you’re doing. Do you practice paper trading? Yes? What are you practicing? (if you can’t answer that, click the button)
Learn Day Trading
1. Day Trading Course
Complete day trading course focuses on trading emini and micro-emini futures. Learn the 3 setups you need to know that takes the guesswork out of your trading decisions.
2. The Problem of Overtrading
Overtrading is one of the most common mistakes. Overtrading is frequently caused by trying to recoup an earlier loss. But overtrading is a symptom. The real problem is a bad entry due to not recognizing the signals.
3. Trade Types
Repeating price patterns can often be recognized by experienced traders. Fortunately, some of these are easy to spot. By knowing what to look for, a trader is given a hint of the direction the market will take. There are really only three trades that are important to recognize: the gap trade, trades based on support and resistance, and time and price trades.
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