The biggest reason traders struggle to make money in the market is they  unintentionally self sabotage their own trading account.

They tend to do much better when they are on paper trading or trading on demo account, than they will on live trading account. On paper/demo trading, they will do almost everything right, they are follow their trading plan. This is because there is no emotions involved, there is no real money being risked. As a result it is much easier for them to stick to their trading plan.

Here is one of scenario you might found familiar :

Market have showed a signal and meet all trading criteria, so a trader enter a trade on a live account and set stop loss and profit target. However, the market stayed sideways for a week, neither hitting his cut loss nor profit target. Seeing his money is fluctuating, he started to be emotional to this trade. He getting nervous and doubting his own trading plan. Then he decided to exit the trade before market hit his stop loss. However, the market rocket up next week and hit his profit target he set previously. He felt frustrated.

Instead He should stick to his trading plan.

Moral of story here is time is a factor that you cannot control. Everyone wants to make money IMMEDIATELY, but sometimes Mr. Market might have another plans. You might have to sit on your hands.

P.S. I doesn't mean that you should sit and hope when market doesn't in your favor. I mean you should always follow your trading plan and let Mr. Market tell you, are you right or wrong on this trade.

To be successful in trading, you must always have a complete trading plan which consist of:

• Entry strategies
• Exit strategies (cut loss & Take Profit)
• Proper risk management
• Money management
• etc

Once you have a complete trading plan, you must stick to it and have faith on your trading plan. Here are two main things that you should keep in mind to avoid self sabotage your own trading account:

1. If a trade doesn't hit your stop loss, the trade is still valid and could work out for you!
2. Always have a trading plan before you enter a trade and stick to it!

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