How hard can it be to capture a 50 cent move in crude oil with a one-lot for a $500 profit throughout the course of a trading session? It sounds so easy. But, one of the major issues traders encounter is one of the seven deadly sins — GREED.
What sorts of errors did a young trader like myself make earlier in his career? All of the usual – i.e., expensive – ones. A short list of my mistakes looks something like this: