Overtrading is when you are trading compulsively and obsessively, usually chasing that elusive winning streak that hasn’t happen yet or has been and gone. Overtrading is getting carried away with trading, trading when you know you shouldn’t and not knowing when to quit. Sounds familiar?
What do all successful traders have in common? Besides money in the bank, a good winning strategy or two, successful traders tend to have certain personality traits that are conducive to winning. Some of these are innate, most, if not all, can be learned and cultivated. So what are these traits and do you have what it takes?
Virtual money for demo trading is a double-edged sword. While virtual money isn't real, it can get you into bad trading habits. Use it wisely!