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[Pristine Trading]

Trading Pitfalls to AVOID!

Trading today is more popular than ever. Countless individuals flock each year to the markets, hoping to make large amounts of money, many attracted by misleading commercials promising simplicity and easy access to riches. Many of these aspiring traders fail. In as much as we would like to think that each individual commits different and very particular mistakes in his quest for success, my experience as both a trader and Pristine Certified Trainer (PCT) has shown me that most traders typically fall prey to the same problems and mistakes. The following are just but some of the typical ones:

Lack of a Trading Plan. Most traders lack a well conceived plan to trade the markets, and most mistakes committed by them can be summed up in this category. The lack of a decent plan means that the trader won't know which "events" to focus on, the rules to trade those events, money management rules, etc. Typical mistakes such as not taking stops and overtrading can be attributed to this problem.

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