Babypips

Don’t Overtrade

By Dr. Pipslow

July 14, 2009 6:00 AM UTC in Psychology

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Don’t overtrade.

Focus on the quality of each trade, not on the quantity.

One of the hardest lessons for a trader to learn is not to overtrade.

You will lose BIG if you continue to overtrade.

Every time you enter the market, you expose your capital to the market. The more you expose your money to the market, the better chances your money will part with you.

About Dr. Pipslow

If you can't keep your emotions in check when trading, you will lose money. Lots of it. The most significant action that you can do to improve trading profits is to work on yourself. Really knowing yourself and how you think can give you an edge that others in the market don't have. My goal is to share practical advice to improve your forex psychology without boring you to death. Hopefully, you can develop the mental edge you need to become the best trader you can be.