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A great trading system is your main weapon in market battlefield. What I mean here you need not fight a market, children can't do it even largest investor on the. Fighting a market may be so dangerous you trading body. When you have a reliable range trading system you can follow market and trade a lot easier so you can not be trapped to utilize wrong procedure. For instance, as your style is range trading you won't ever use any trend system and even tools. You should find should make it range trading system or when you have time you may develop it yourself.

Greed - Greedy traders always want more. They aren't content on what they must be and usually waiting for your market to become that little extra showcase them a few more $$$'s. Greedy traders just see money signs while trading, they don't pay or little attention coming from what the charts are letting them know and often fall inside the trap of over risking plus trading. Greedy traders risk large chunks of their accounts thinking ''the more I risk, the more I make'', this is actually usually not how the markets strive. Finally, greedy traders over trade! Assume that that by taking more trades they generate more income.

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