Beginners 21 Day Options Trading Rules To Become a Profitable Trader

5. No Unrealistic Expectations

Many new traders enter the market with unrealistic expectations, they try to get rich overnight and lose everything in the market. One of the reasons behind unrealistic expectations is the profit screenshots shown by social media. But new traders completely forgot that this profit comes with a lot of experience, wisdom, hard work, and discipline.

6. No FOMO Trading

FOMO means Fear Of Missing Out. Many traders miss trading opportunities or setups due to different reasons, so they try to take positions in between and make big stop losses and small profits. Which is not good for overall trading. So leave that trade or setup and patiently wait for the next opportunity.

7. No Desperate Trading

Most of the time situations happen like, traders sitting in front of a screen but they can’t get trading opportunities for a long time so they become restless and choose the wrong setup, which leads to losses. So avoid desperate trading and wait for the right opportunity patiently.

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