Too many
traders get caught up in trying and tweaking various indicators, or even inventing new ones, in a search for a holy grail or something close to it.
Many
traders get caught up in using different combinations of lagging indicators, these methods often have not been used for long periods of time by many other traders due to their ineffectiveness to adapt to ever - changing market conditions.
Often times
traders get caught up trying to trade the news combined with their overly complicated multiple indicator method.
This point is really big because so many
traders get caught up over-analyzing the 15 minute (or other low time frame) charts, and just generally doing all the wrong things when it comes to trading the markets.
Many
traders get caught up on losing 2 or 3 trades in a row because they fail to understand the full implications and practical application of risk reward ratios that take time to play out.
Many
traders get caught up in a game of becoming so fixated on a particular thing happening in the market that they convince themselves the market is going to do what they think or want it to do.
Not exact matches
They also have an archive of past webinars for their
traders so that you can go back and watch past webinars and
get caught up on the skills that were examined.
It's easy to
get emotionally
caught up in trading, especially considering that even the best
traders in the world lose trades regularly.
From news events to indicators to having 50 different charts open on your trading platform, there's a never - ending supply of data and variables that a
trader can
get caught up in trying to digest everyday.
Many
traders also
get caught up in trying to analyze every piece of news data and all the forex indicators they can
get their hands on.
Remember: markets do not move in straight lines, instead they ebb and flow, as short - term swing
traders our aim is to take chunks out of major market moves, not pick the exact top and bottom, so don't
get caught in a cycle of constantly giving
up solid 1:2 risk reward gains or more only because you are stuck in a perpetual state of greed and hope.
The very reason why most
traders lose money is because they simply can not see the forest for the trees, meaning they
get caught up in the temptation to trade every day and over-leverage their accounts because they forget about or are unaware of the bigger picture of trading, which is that slow and steady wins the race, not fast and haphazard.
As a bottom line, the intraday trading tricks can be of high significance and importance to the experienced
traders, but high caution must be exercised by the novice
traders as they may
get caught up in the complexities.
Perhaps it's because
traders get too
caught up in defining their strategy.
Traders who attempt to trade the exotics often
get caught up in analysis - paralysis and are likely guilty of over-trading, they are certainly more susceptible to over-trading.
Mostly,
traders haven't developed a good foundation and they too often
get caught up into the nitty gritty without really understanding the basics and looking for the most impactful issues in their trading.
The experienced
trader know this, which is why he / she embraces the process rather than
getting caught up in the profits.
Traders often
get caught up using indicators to analyze price movement, this is like going to a mechanic if you are feeling sick, it just doesn't make sense to look at a lagging price indicator to analyze price movement when there are regularly repeating price action setups that can give you a much better expectation of what price is likely to do next.
He is an outstanding
trader, who unfortunately
got caught up in the mutual fund market timing scandal.