I lost £30,000 in three months when I first transitioned to screen trading in 2003. The reason?

Why Most Traders Lose Money (And How to Avoid Their Mistakes)

I had no edge and was guessing instead of following a structured process.

The Biggest Mistakes New Traders Make:

Overtrading – Thinking more trades equal more profits.

Revenge Trading – Trying to win back losses emotionally.

Ignoring Risk Management – Trading too large and blowing up.

Trading Against the Trend – Thinking the market is “overdone” and trying to pick tops and bottoms.

Not Using Stop Losses – Letting losing trades spiral out of control.

How I Fixed It:

I stopped trading and took time to study technical analysis.

I focused on support and resistance trading instead of guessing direction.

I learned to control my position sizing to avoid emotional trading.

Key Lesson:

Before placing trades, ask yourself: Do I actually have an edge, or am I just guessing?

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