There is so much ink and pixels spilled on how to succeed in trading. So I thought, I would zag instead of zig and outline how to fail as a trader. Without further ado, the 10 vital steps you must take in order to fail in trading:
- Start out undercapitalized
- Ignore risk management
- Compare yourself to other traders, not yourself
- Look for the right system
- Don’t keep a journal
- Be secretive
- Be casual
- Fill your charts with as many indicators as possible
- Trade with your emotions
- Be inconsistent