How Do You Identify The Direction Of The Market?
If you are knowledgeable of market pitfalls, you are surely ahead of the game. Everyone is going to make occasional simple mistakes such as entering the wrong stock symbol or setting the wrong buy level. But these are forgivable, and with luck, even profitable. What you have to avoid, however, are the mistakes due to bad judgment rather than simple errors. These are the “deadly” mistakes which ruin entire trading careers instead of just one or two trades. To avoid these pitfalls, you have to watch yourself closely and stay diligent.