Trading demons have a field day messing with your discipline and mindset. So what exactly are these trading demons?
- Trading counter trend or ignoring trend considerations.
- Trading without a pattern or setup—no structure, no edge.
- Taking late entries or chasing triggers—buying high, selling low.
- Trading without a stop or not respecting your stop-loss levels.
- Not having or avoiding targets—letting winners turn into losers.
- Overtrading, revenge trading, or not trading at all due to fear or ego.
- Averaging down on losers, while taking profits too early on winners.
- Turning losing trades into “investments” by shifting them to higher time frames instead of cutting losses.
- Trading yesterday’s market—failing to adapt to current conditions.
Self-awareness helps you overcome trading challenges. Proper trading is proper thinking…
Written by Michael DiGioia, Director of Education
Mike is available for One-on-One Coaching. Learn More
