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The market advertises higher and higher prices until there are enough sellers motivated to sell. Then it turns and tests the other end (lower and lower) until there are enough buyers motivated to buy.
Key objective - get to the first scale (target) to mitigate risk and so you can add them so can recalculate theoretical average (pushing it further to your advantage).
Not understanding risk. Do you really understand risk? Do you really understand your leverage?
Not having a clean and vetted plan. You cannot 'wing it'. Have a checklist/plan. Incorporate your homework. You need a plan so you can ultimately monitor what you are doing, which is necessary to know what is wrong with your trading.
Tampering with or over thinking the trade. You have a planned trade, yet when you execute it you don't follow the plan.
Not obeying risk. Even if they've defined risk ahead of time (x amount per trade, x amount per day, only try same setup x times before stopping, etc) they don't follow it.
Changing methods too frequently. This week - trendlines, week before that - volume profile, week before that delta, etc etc. Constantly adding or changing to your chart.
Following others. Don't follow others. You have to trade your own plan. Do your own homework. It is impossible to take someone else's trade correctly.
Not recognizing their success and failure is linked to their psychology and discipline, not to some technical failure or knowledge. The most books, sales, market, indicators, vendors -- they focus on technical, but it is so much less significant than psychology and discipline.
I want to thank @FuturesTrader71 for an absolutely stunning webinar. Incredible detail in his process/methodology, and so much other invaluable information -- this is a must watch in his continuing series of webinars on futures.io (formerly BMT)
I will post the recording of the webinar tomorrow.