Trading Mistakes

The most common behavior of newbie in speculative trading can be easily found in casinos. The profit on the first trade ramp up their appetite and they hunt for more. Now the greed comes into play and that’s the turning point. Idly, your trading decisions are devoid of any emotions and totally insulated from the results of previous trades but they eye for more and in a bid to take bite more than their hunger the trading streaks ends with the loss. Following events reflects the aggravated intensity of emotions. Once plunged into marginal or significant loss they attempt to recuperate the accumulated losses in one shot. This leads them to use higher leverage on irrational trade. They are fallen into the trap. The early profit entices them to put bigger money on stake just to lose much bigger amount at the end. The gist of the matter is never use any emotion while make a trading decision. Be it greed, fear, pain or pleasure.