Over-trading is a very harmful

Feb 02, 2021 at 11:05
2,336 Angesehen
44 Replies
Mitglied seit Jul 19, 2020   751 Posts
Feb 02, 2021 at 11:05
Over-trading is a very harmful element. I have lost the investment of many of my accounts by overtaking. So I understand that overtrading can cause a lot of problems in psychology. Overtrading can ruin a trading career. The market is open 24 hours but not always traded in the market. Now if you are trading in this situation, you are not eligible to trade. If you do not give up overtrading, you will never see success in trading.
Mitglied seit Jul 23, 2020   869 Posts
Feb 02, 2021 at 11:20
Of course, all kind of emotion-based trading is harmful. Traders should avoid emotion in trading.
Mitglied seit Dec 11, 2020   110 Posts
Feb 02, 2021 at 12:06
Over trading and revenge trading are few very risky and dangerous game to trade with.
Mitglied seit Jan 21, 2021   48 Posts
Feb 09, 2021 at 10:05
Most of the time, people over-trade because of emotional trading whether it is fear or greed.
Some people over-trade just to recover their previous loss and some become too greedy to earn a lot from trading.

Avoid over-trading, this could be very harmful and you can lose your hard earned money.
Mitglied seit Feb 15, 2021   8 Posts
Feb 19, 2021 at 09:30
Yes, you are right. Over trading should not be something that people take lightly. It can do damage to potential profits.
Mitglied seit Dec 24, 2020   16 Posts
Feb 19, 2021 at 11:51
It’s truly said that you must keep your emotions aside when you are trading forex. It can turn out to be harmful and instead of making profits, you end up losing your money.
Mitglied seit Dec 15, 2020   16 Posts
Feb 23, 2021 at 07:41
It’s truly said that you must keep your emotions aside when you are trading forex. It can turn out to be harmful and instead of making profits, you end up losing your money.
Mitglied seit Dec 28, 2020   187 Posts
Mar 18, 2021 at 08:09
Yes, over-trading is very harmful. It is like putting more and more salt into already salted food.
It can even blow your account.
Mitglied seit Jul 20, 2020   399 Posts
Mar 19, 2021 at 08:22
UweMoench posted:
Over-trading is a very harmful element. I have lost the investment of many of my accounts by overtaking. So I understand that overtrading can cause a lot of problems in psychology. Overtrading can ruin a trading career. The market is open 24 hours but not always traded in the market. Now if you are trading in this situation, you are not eligible to trade. If you do not give up overtrading, you will never see success in trading.

So true. Its key to walk away when you hit your target. Structure and a plan are so important. Plan your work and work your plan
Mitglied seit Sep 12, 2017   238 Posts
Mar 19, 2021 at 10:53
It is actually harmful. We generally do this when we want to recover our losses and in that moment we lose more of our money as we generally lose our calm
Mitglied seit Jul 19, 2020   788 Posts
Mar 19, 2021 at 17:26
Losing trade can be profitable if discipline is managed. However, trading should not be done. It is more likely to be lost.
Mitglied seit Mar 16, 2021   477 Posts
Mar 20, 2021 at 01:48
Over-trading is a very harmful emotion. If you trade over, you are more likely to lose. And managing risk here is a little tricky.
Mitglied seit Jul 19, 2020   298 Posts
Mar 20, 2021 at 12:15
Over-trading is one of the reasons people lose money in the market. It's the emotions. They can not control themselves from opening unnecessary trades. Every trader should work on it.
Mitglied seit Jul 23, 2020   759 Posts
Mar 21, 2021 at 17:46
LukeRachel posted:
Over-trading is a very harmful emotion. If you trade over, you are more likely to lose. And managing risk here is a little tricky.
Don’t trade with your emotion. Try to control emotion in trading or else you will fail.
Mitglied seit Mar 17, 2021   3 Posts
Mar 21, 2021 at 19:28 (bearbeitet Mar 21, 2021 at 19:28)
what is over-trading for you guys? when do you say you are over-trading and when do you say you are under-trading? How many trades max you usually plan for 1 day? How any in Europe session and how many in US session? It's easy to talk about over-trading but what is really ''over'' for you?
Mitglied seit Mar 16, 2021   477 Posts
Mar 22, 2021 at 01:16
SofieAndreasen posted:
LukeRachel posted:
Over-trading is a very harmful emotion. If you trade over, you are more likely to lose. And managing risk here is a little tricky.
Don’t trade with your emotion. Try to control emotion in trading or else you will fail.
Yes, you are right. If you do emotional trading, you will not be successful in trading.
Mitglied seit Mar 17, 2021   3 Posts
Mar 22, 2021 at 08:31
Hi,

Thanks for the reply but I certainly don't agree that someone can control an emotion. Emotion is not something that a human can control. Emotions is what makes us human and you cannot control it. Instead, you need to be aware that you have such emotion during the trading but never allow it to affect your trading decision.
Mitglied seit Jan 22, 2021   125 Posts
Mar 24, 2021 at 08:40
To get rid of over trading, trade with stop losses it help to reduce the downside risk.
Mitglied seit Mar 17, 2021   3 Posts
Mar 24, 2021 at 20:42
setting or not setting stoploss has nothing to do with over-trading
Mitglied seit Jun 03, 2020   30 Posts
Mar 25, 2021 at 06:15
LukeRachel posted:
Over-trading is a very harmful emotion. If you trade over, you are more likely to lose. And managing risk here is a little tricky.
Ah yes there’s literally no end to the damage done because of overtrading, one of them being opening too many positions. Often traders believe to hit the jackpot of some of the trades while as a matter of fact, most of the trades will end up in losses.
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