Don't do this mistakes in trading

[Natsuu]

Most traders always think that acquiring the skill of trading will reduce the losses

It won't. Acquiring the skill means that you are accepting the fact that anything can happen in the market. That your wins and losses are perfectly painted in probabilities. Having the skill in trading is knowing when to take the risk and when not to. Because losses are normal part of the game in trading. It's like taxes or transaction cost that need to be payed to be in the game.

[AnonBitCoiner]

It is indeed common, in fact every trader has experienced it, the only difference is how they can control their emotions, so they can comply with the rules they have made themselves. It is difficult for us without practice to control our emotions. By practicing more, we will have experience and that way we will be able to form our own emotional stability, but remember we also have to be disciplined towards ourselves.

At the beginning when a newbie enters into the trading field then everything seems different from what they have learned so it is obvious that handling their emotions after the first loss will be more difficult for them but when they trade again and again so they will get experience.

Due to increased experience they will enhance their profit so after huge gain if they face a single loss then they will be able to tolerate this as they will have experience that after each loss they will surely take profit if they are experts traders.

[Hamphser]

1. Trading money that you can't afford to lose
On the moment that you do touch up this unpredictable space, then you should really be just making use of the money on which you can afford to lose. Why?
If ever you would really be able to lose up those funds then you wont really be finding yourself that being impulsive on which you could really be able to make yourself that easily move on.
Why? because you do know that you are just spending on the amount that you can afford to lose.

Also, on the moment that you would be having those loses then if you are making use of your last funds or something that it is really that your savings. Then you would be
making yourself that trying to chase up those loses. You would really be having that kind of desperation at the moment that you would really be doing trading
and this is something that wont be recommended because you would really be chasing up these things.

[cute nmp]

Agreed many traders tends to trade with so much money that they cant afford to lose cause of greed . Most don't like to understand what trading is all about they think it is a get rich scheme not knowing that it is like any other business which includes both losses and again . Taking that into consideration one should risk trading only a reasonable amount of funds.

[oktana]

It is very important that we avoid being like this or having it. If words like 2% per month profit is okay, then we will say that it is not possible. I want 100% per week; these are just examples. Especially when we see someone who takes a profit of 100% per week, that's okay; it's just that the risk is too high. And it doesn't always happen like that; as long as our goal is "sustainability," we don't just rely on luck or maybe get lucky. Of course, we don't just want luck; instead, we want to have a monthly profit or passive income.
 

One common challenge is greed as you have mentioned. Honestly, the most successful traders that I have seen are usually caught making little profits instead of big ones. The idea is that with little profits (which are easier to achieve), you can replicate it many more times to make money that is safe and consistent than someone who is waiting on a higher percentage.

[SATWAT]

It is very important that we avoid being like this or having it. If words like 2% per month profit is okay, then we will say that it is not possible. I want 100% per week; these are just examples. Especially when we see someone who takes a profit of 100% per week, that's okay; it's just that the risk is too high. And it doesn't always happen like that; as long as our goal is "sustainability," we don't just rely on luck or maybe get lucky. Of course, we don't just want luck; instead, we want to have a monthly profit or passive income.
 

One common challenge is greed as you have mentioned. Honestly, the most successful traders that I have seen are usually caught making little profits instead of big ones. The idea is that with little profits (which are easier to achieve), you can replicate it many more times to make money that is safe and consistent than someone who is waiting on a higher percentage.

There is no doubt this greediness kills us badly because mostly peoples want to be rich very quickly which never works with peoples those go with their own fundamentals and having targets and strategies works better and having better success in trading and life with many which are having big dip mostly ended with wrong way and lost quickly because things never works on same patron always.

We need to be had few things in life which helps us for having better life and if we are able to go with better things and strategies we will have better success and life which is more important instead of having things which give us regret and loses which bring more problems and then no way of going back to better and easy life.