When some one enters to the trading field, they usually do this mistake. They plan for the trade and enter it as intraday trade. They don't respect the stoploss and think price will move according to their wish. Before the end of trading day they decide to change it to positional or investment. This is a wrong attitude as intraday, positional and investment differs in termes of stoploss, target and
brokerage.
Trading is like flying in a parachute
There are lot of people who trade well
You will think why cant I trade well?
I have the high IQ, money, everything
You can trade well
Only if you overcome
fear, greed and ego
You will think you are going to be a failure
But you won't
You have to get in to trading
To trade well
Do you know whether this trade is going to be profit?
Ofcourse not.
You have to shed tears, go through pain, doubts, hurt
But eventually parachute will fly after going through this
And your trades will bring profit.
Nothing worth comes that easy in life!
Plan and excute your trades properly.