ilmscore | 5 trading mistakes that kept me unprofitable for a decade

5 trading mistakes that kept me unprofitable for a decade

Published: 2025-12-22
Status: Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
Backtesting and collecting data will enable traders to predict future market patterns, though not always with perfect accuracy.
"So when you are back testing and you collecting data, it's going to help you predict right the future. Is it going to be right all the time? No. But it's going to help you predict patterns. It's going to help you predict a lot of stuff because you're collecting data."
Trading Strategy / Backtesting
Pending
Developing trading skills through backtesting will create a lifelong ability to generate income.
"back testing is going to help you develop skills just just what it is, right? And it's going to be a skill that is going to help you pay dividends. It's going to help you, you know, you you can literally have this skill for life and you can make money, right, with this skill."
Trading Skills / Backtesting
Pending
A trading account will trend upwards if a trader consistently experiences small losses followed by wins.
"So imagine if you just had, you know, tiny losers, losers, losers, then winners. Tiny losers, losers, losers, and winners. Your your account is going to be a uptrend. Okay?"
Trading Account Performance
Pending
If a trader develops a strong market bias and fails to adapt to contrary movements, they will continue to buy and ultimately incur losses.
"Because now you have a bias and that bias is so strong to the point where you are going to get married to that bias and then you're going to say, 'Oh, the market can't go down and you're going to keep buying.' Oh, the market can't go down. You keep buying and then you're losing."
Trading Psychology / Bias
Pending
Winning streaks will lead traders to become overconfident and delusional, causing them to believe they are infallible or have mastered trading.
"a winning streak will make you delusional. It would make you think you really got it all figured out or you know it all or you know you're unstoppable"
Trading Psychology / Winning Streaks
Pending
A trader who increases their position size immediately after a winning streak will likely experience a loss on that trade.
"How many times you you went through a winning streak? Let's say one week winning streak, two week winning streak, and that day, that same day, you decide to size up. It's like the market knows when you're about to size up. Boom, you size up. And that's the day you lose."
Trading Behavior / Sizing Up
Pending