Mistakes to avoid as Day trader by Coach Yoann

As you know, I previously wrote an article about the most common mistakes made by day traders.
Link here: The most common mistakes made by day traders.

Now I wanted to add few of them without digging too much into each one of them (if not you'd be reading this article until tomorrow night! Ha.)

Here are few other common mistakes for you to be aware of and avoid, enjoy:

Few mistakes to avoid in day trading include trading without a trading plan, trading too much too soon, emotional trading, guessing, not using a stop-loss order, taking too big positions, taking too many positions, over leveraging, revenge trading, letting profitable trades turn into losses, not tracking trades in a trading journal, forgetting about your investment time horizon, not being able to accept losses if you followed your plan accordingly, following the crowd, trading in multiple markets at once, and chasing markets with strong performance.

Other mistakes to avoid when day trading include not doing enough research, trading without understanding the fundamentals of the market, overtrading, not managing your risk and overstaying your welcome in a trade.

Finally, it is important to understand the psychological aspects of day trading, as they can have a major impact on your success.

If you liked this article and want personalized Trading Mindset or Fitness Coaching, feel free to book your one-on-one session with me here:

https://calendly.com/coachyoann/free-consultation

Thank you for reading.

Coach Yoann
https://www.coachyoann.com

Disclaimer: This article is for informational and educational purposes only, not financial advice. This article does not constitute an offer or a solicitation or a recommendation to buy or sell any securities, financial product or services by nShape Capital (''Coach Yoann''). Furthermore, nothing in this article is intended to provide tax, legal, or investment advice. All readers should do their Due Diligence before making any financial decision. Click here for full disclaimer: https://www.coachyoann.com/disclaimers.