Taking Improper Action In A Trade

One of the major factors in my losses as a beginner in trading was not behaving properly once I took my trades. I could usually, with some exceptions, enter the trade as a pro. However, once I was in the trade, things started getting bad…

What I mean by behaving improperly:

1) Closing a trade too early
2) Not locking-in profit
3) Not placing a stop loss
4) Moving a stop loss
Of course, there are a lot more improper behaviours once you've entered a trade. That will depend on your trading strategy.

As mentioned previously, keeping a journal of your mistakes when they occur is a key behavior to have if you want to avoid repeating your mistakes over and over again.

All difficulties in trading can be tackled, but you must first be aware that you experience them.