{"id":35202,"date":"2014-01-20T09:55:55","date_gmt":"2014-01-20T14:55:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=35202"},"modified":"2014-01-20T09:55:55","modified_gmt":"2014-01-20T14:55:55","slug":"six-reasons-traders-fail-that-most-traders-dont-think-about","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/six-reasons-traders-fail-that-most-traders-dont-think-about","title":{"rendered":"Six Reasons Traders Fail That Most Traders Don\u2019t Think About"},"content":{"rendered":"

1. Lack of direction.<\/b>\u00a0Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for\u00a0failure.<\/p>\n

2. Impatience.<\/b>\u00a0This occurs when traders try to accomplish too much too soon, or expect to get results far faster than is truly possible. This creates a situation where they are likely to become frustrated and deviate from their plan.<\/p>\n

3. Greed.<\/b>\u00a0When traders try too hard to make a lot of money in a short period of time, failure isn\u2019t far behind.<\/p>\n

4. Taking action without thinking it through first.<\/b>\u00a0All trade entries, modifications and exits should be carefully planned out in advance. Randomly entering, modifying and exiting positions based on moment by moment emotional thoughts creates large losses.<\/p>\n

5. Indecisiveness.<\/b>\u00a0A trader who is unable to make key decisions in the face of difficulty is dangerous to himself. Any major\u00a0decisions\u00a0should have been planned for in their trade plan. In the event they planned poorly and don\u2019t know what to do, their decisive\u00a0decision\u00a0should be to exit.<\/p>\n

6. Diffusion of effort.<\/b>\u00a0A traders who tries to trade too many things will miss opportunities and market cues that are obvious to a trader who is focused on a limited number of tasks.<\/p>\n

These are just a few of the many issues we tackle with our Trading Triangle Coaching and Mentoring Program.<\/p>\n

Visit lockeinyoursuccess.com<\/a> for more information on how to become a phenomenal trader<\/p>\n

John Locke<\/p>\n

No relevant positions<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

1. Lack of direction.\u00a0Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for\u00a0failure. 2. 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Lack of direction.\u00a0Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for\u00a0failure. 2. Impatience.\u00a0This occurs when traders try to accomplish too much too soon, or expect to get results far faster than is truly possible. ... 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