Day Trading Mistakes I've Made! Avoid this Trading Trap! 😰 Video
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Do you fall for this day trading trap? http://www.financial-spread-betting.com/strategies/strategies-tips.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! The trading trap that catches out day traders. This trading trap can wear out the most experienced day traders. I personally hate this trap and nowadays I have a rule that prevents me from getting caught out but I must have given away so much money due to these things.
How to Identify and Avoid Traps while Day Trading
This is very much a day trading or intraday type of thing but I imagine it can happen to swing traders as well. Price comes to a key level of resistance and we have a decent target up there. So you're excited by the 'easy trade'. Market comes up, price stagnates at the level of resistance, you add to your trade, it goes thru a few ticks and it rolls back. And you end getting stopped out...After a few times of this you start getting frustrated. There are two ways of countering this trap.
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