Goal: to be able to achieve a good profit margin.
Mistakes
- trying to keep track of too many currencies
- streamlined to 8 currency pairs on day 2 instead of 21
- entering when the market is already halfway moving in the predicted direction
- looking at a few candlesticks instead of the bigger picture
- if i am confused with the market, look for another currency pair
- exited a trade before it moves in the way i predicted
10 Big Mistakes Forex Day Traders Make (thebalancemoney.com)
- If You Keep Losing, Don't Keep Trading
- Adding to a Losing Day Trade
- Risking More Than You Can Afford to Lose
- Going All In (Trying to Win It All Back)
Tips
(29) Scalping was Hard, until I Found this SECRET - YouTube
- don’t trade during consolidation (sideway movement)
- only trade breakouts when there is huge price movements