4. Failing to implement stop-loss order
Wednesday, November 29, 2017, 3:52 PM
Losses, like success, have the tendency to multiply but at a faster-rate. Hence, it becomes very-crucial that you take measures to stop it when you have the chance. Stop-loss order is one such opportunity. You can stop the trade if your losses reach a certain-threshold. This way you can stop its snowball-effect and change it back to something that works more in your interest.