“I had no clearly defined trading plan because I was not diligent in my planning to begin with…”

Feedback in:

In response to your question: “What is your biggest challenge you have faced with your trading?”

1. I had no clearly defined trading plan because I was not diligent in my planning to begin with.
2. I have no tested/proven strategies yet and little understanding of the markets.
3. I was careless in my execution. Gambling, essentially.
4. I did not preserve my capital and I would not stay out of the market once I achieved my trading goal or reached my loss limit.
5. I did not seek understanding of trading signals and did no back testing.

Good self-awareness.

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