“Take calculated risks. That is very different from being rash.”
– General George S. Patton Jr.
One of the main reasons why so many new and discretionary traders lose money is that they have no idea what they are doing.
They might have watched a few “trading tutorials” on YouTube or – worse – bought a shady online day trading course for a lot of money, and then decided to open a broker account.
Many online traders also spend a lot of their time looking for a method to trade, or are constantly changing their methods,
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