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Author: tradingsossos
Sometimes you will find that certain things happen when you are trading that might make you feel that the market is out to get you.
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The number going around is that 90% of traders fail. Sometimes it’s hard to believe that the failure rate of traders is so high. This is especially true in the beginning when we tend to be more ignorant and we believe that we are going to be different.
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Traders often base their risk only on the trade they’re about to take; they don’t think ahead.
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See daily chart of GBPUSD below for the discussion that follows.