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Overtrading can lead to losses from "summary" of Reminiscences of a Stock Operator by Edwin Lefevre

Overtrading is a common mistake among traders, especially those who are new to the game. It is easy to get caught up in the excitement of the market and make trades impulsively, without considering the potential risks involved. However, as I have learned through my own experiences, overtrading can lead to significant losses. When you overtrade, you are essentially taking on more risk than necessary. You may be tempted to make multiple trades in a short period of time, hoping to capitalize on every opportunity that comes your way. However, this approach is not sustainable in the long run. The more trades you make, the more chances you have of making a mistake or encountering a losing streak. In the world of trading, it is important to remember that quality is more important than quantity. It is better to focus on a few...
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    Reminiscences of a Stock Operator

    Edwin Lefevre

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