10 BAD HABITS OF LOSERS

Being precisely, these are the10 rules of unprofitable traders. If you do the opposite what they do, you are in a good way to be profitable. This list is subjective, but worthwhile to bear in mind, this is a good list for rookies and newbies to learn from their mistakes.

1. Overpositioned and use high leverage. 
2. They are typically overtrading. Open and close to often positions. 
3. They ignore the trend and want to be on the both side of the market, always wanting to catch up the tops and bottoms. 
4. Cut the profit, and let the loss run and hoping for it bounces back. 
5. They buy high and sell low, do totally the opposite of the golden rule.
6. They want to be right and always want to predict. They think trading is about being right. 
7. They are listening to others – CNBC, anchors, gurus, friends…etc. 
8. They buy because they think something is cheap. 
9. They think trading is a fast way of being rich. 
10. They concerned about the profit but don’t concern about the loss.

The BFM Assets Team.