This is a video that I found on YouTube as to why most traders fail to succeed in trading stocks and commodities.
The person in the video is a floor trader based in Chicago.
[youtube:http://www.youtube.com/watch?v=DGmH3ARpfwU]
I have to say, I couldn’t agree more with him.
One of the cardinal sins for a trader is to average down. A really big mistake indeed.
Another thing to remember. Let your profits run, cut your losses short.
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Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.
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