UNLUCKY Traders do these things-YOU AVOID THESE MISTAKES

Gents,
---------------------------------------
Unlucky traders always do these things
---------------------------------------
First biggest mistake

THEY LOOSE THEIR CAPITAL, THEY TALK BIG BUT CANNOT PRESERVE THEIR INITIAL STARTING CAPITAL

Second mistake

THEY NEVER MONITOR THEIR DRAWDOWN, HOW MUCH THEY ALREADY LOST

THIRD MISTAKE
================================
THEY ARE DEAD GOATS AND JUST WATCH THEIR CAPITAL DRAIN OFF, they never start thinking, and corrective action.
procrastination is the biggest enemy of mankind.

NO MONITORING=DEAD TRADER
NO INVESTIGATION OF WHAT HAPPENED=IS LIKE A GOAT WAITING FOR SLAUGHTER BEFORE EID FESTIVAL

NO INITIATIVE TO ANALYSE, FIND MISTAKES and INITIATE NEW ANALYSIS,CORRECTIVE ACTION AS SOON AS POSSIBLE.

ONE TRADER COMPLAINS

1. I dont know what to do now. I lost my capital by 74%. my trading system does not allow me to place any orders.I cant trade but look at sky!!!!!!!!!!
DO these is my suggestion

First
Throw your useless strategy into the sea, BECAUSE IT PROVED THAT YOU ARE UNFIT TO TRADE.
SECOND
Discuss with your intelligent friends,do the thinking,analysis,make a new plan,test it by paper trading.fine tune it. test again.
BRAIN STORMING is the solution
FOR GODS SAKE DONT WAIT TILL ETERNITY TO LEAVE OUT A USELESS METHOD YOU WERE ADOPTING FOR MONTHS OR YEARS TOGETHER. ACT FAST
ACCEPT YOUR SYSTEM WAS WRONG- WAKE UP-GET HELP IF YOU CANT HANDLE IT ALONE.
Third
check your position size, most of the time using a high position size is what screws your account.reduce it.If you were using 20% of capital per trade,reduce it to 10% of capital, or even to 5% capital per trade
Not so clever traders give their profits as higher brokerage charges to ther broker, due to high position sizing,and low profit levels. broker gets rich.

you got screwed up in the first place because you ignored supply demand levels, and tried random entries in the zone that lies far from basic support zone.

you got screwd up because you never properly seriously monitored your account drawdown or losses at least on a weekly basis
----------------------
My sermon to the loosing trader
" And you thought you had the best trading system like tradestation, esignal data feed, and you are the smartest trader?
WRONG. Nobody alive can outsmart the markets.-said by Jesse Livermore.
" And a draw down of 74% of your intial trading capital proves what?