Kardec Trader breaks down three red flags that kill your trading profits: risking more than planned, trading without a setup, and impatience. He argues that accepting planned losses is the cost of the game, but deviating from your system is what actually tanks your account.
$500
$1,000
September 23, 2023
Go through every single trade you have, and you'll start noticing so many red flags. You'll look at some trades and you'll say, I was supposed to risk only 500, but I ended up losing a thousand. I was very impatient on this setup. I didn't even have a setup. So I lost $500 or I lost a thousand dollars. But this wasn't even in my game plan. So you realize if you start eliminating these trades, your trading profits just magically get better. But then once again, on the flip side, there's trades that you followed everything and it didn't work out. And when you see these losses, you have to accept it. You have to understand this is you paying views to the market.
