Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on Moneymunch.com, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.
This are some methods that can be help for beat the 10 pitfall’s of trading.
1. Having no trading plan
It becomes very expensive when your emotions are high, and you have to make decisions on the hurry.
2. Using strategies that don’t match your personality
One important factor to consider is: does it match who you are and your lifestyle?
3. Having unrealistic expectations
Most traders imagine that it is very easy to make money in trading. They have unrealistic opportunity with regard to their initial capital, their risk profile and how much money they can expect to make.
4. Taking too much risk
Usually, when traders are down, they want to make their money back very quickly. Therefore, they increase their position size without thinking about the risk/rewards.
5. Not having rules to follow
Most traders think if they have rules to follow, they are restricting themselves. It is on the contrary. Having rules allows you to be more flexible since you have thought about lots of issues beforehand.
6. Not being flexible to market conditions
It is very important to see the markets as they are and not as you want them to be or as you assume them to be.
7. Failing to take responsibility for your results
When you blame things outside of yourself, you become a victim of circumstance. When you take responsibility, you can react differently to your circumstances and become the success you know you can be.
8. Being addicted to volatility
One of the reasons that people get into trading is because they like the excitement of it. If there is no excitement, they create it. This is one of the reasons that traders sabotage themselves.
9. Not having a process to keep track of your performance
If you don’t keep track of your results, how do you know what has worked and what has not? How can you tweak your process to get the best results that you can?
10. Not dealing with your Emotional Risk
When dealing with money, there are lots of emotions involved. Emotions are part of everyday life. What separates the successful traders from others is how they react to their emotions.
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Natural gas futures immediately can’t grab a break. Most of commodities are trending higher, but natural gas prices continue to fall into bloodbath. I said you in my report on 7th October 2010. “Only and only with any luck we could get an up rally in natural gas. There is no reason to buy it.” I alerted you and said big blizzard is started in market with Natural gas.
Do you know? Supplies of natural gas continue to rise plus the Energy Department predicts they will be at the second highest level ever to start the heating season. Natural gas futures closed at $3.333 on Friday, down 0.035. Prices bottomed last September around $2.63, so there could be some value below the $3 level. We can’t able to decide bottom of natural gas. Don’t do overbought trade with NG but don’t think, Close your eyes and continue to short it. There is no bottom level.
Now you have a license to print money.
My new targets for Natural gas are135 – 126.
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