5 fatal mistakes
1️⃣ Trading with no thought to reward-to-risk
• The habit of trading on feel alone with no TP/SL set
2️⃣ Obsession with win rate
• Even a high win rate ends in a deficit if reward-to-risk is below 1:1
(Example: at 1:1, even a 60% win rate is nearly zero once fees are counted)
3️⃣ Emotional reaction to losses
• Thinking 'it would have been a profit if I hadn't stopped out', then skipping the stop next time and taking a large loss
One-line summary
"Cut losses short and let profits run. The secret of an upward-sloping account lies not in win rate but in a reward-to-risk of 1:2 or better."
Of the 3 mistakes mentioned today, which one do you make most often?