Unnecessary trades is a problem for those who are still struggling with self confidence. This can be solved only with knowledge, practice and experience.
Absolutely and I’ve seen that often traders make the mistake of opening lots of positions in greed or hope to hit the jackpot on some or all of their trades.
When I started trading, I started using the 15 minutes chart believing that more trades would equal more profit. I mean if one can make 2-3% on a trade that lasts for 2-3 weeks, what’s the harm in making the same in 2 hrs? Damn how wrong was I and late to realize that overtrading did nothing but exhaust my funds at a much faster rate.