Biggest Mistakes in Spread Betting Trading Rock

Financial spread betting (shortly spread betting) has always been a dream land for many where you can easily make as much money as you want, unfortunately, it is far from the truth as around 80 percent of spread bettors lose money and eventually exit the market. In here, we'll have a look at the most common mistakes of retail traders and try to learn from their difficulties and struggles.
Before we move any further, it is important for us to note that financial spread betting is a financial market and there are no free "gifts or income" for everyone. Moreover, there is nothing called the Holy Grail or the Magic Formula and every trader can lose money, even the most experienced ones, because the financial market is extremely volatile. It does not really matter how many books on spread betting or markets have you purchased and read, it also does not matter how much time you have spent to get insights on charts, it all depends on your experience, knowledge, patience, and how the market behaves at a specific point of time.
If you want to be a successful spread betting trader, you really need to understand that you will win one day and may lose the other day using the same trading strategy. However, a well-formulated and clearly-defined trading methodology can significantly increase your chances of making profits and reduce your chances to lose money. Unless you have a solid trading strategy and stay disciplined with it, you will be losing your money. Moreover, financial spread betting should never be influenced by emotions such as fear, over-confidence, and revenge as that can considerably affect your chances of making profits and even surviving in the financial markets.
Moreover, spread betting traders should have realistic expectations from their trades and any hopes of making billions overnight can only put the trader under huge stress and lead to nothing worthwhile. Retail traders should only expect above-average returns from their trades and must take only calculated risks. The best way is to trade only in those trades that offer a 3:1 ratio of profits and losses. This means that the best trades are those that are supported by financial planning and focus more to be on the safe side rather than gambling on bad trades. In addition to that, spread bettors should always emphasize on protective stops and define an exit point even before an entry point is established so that high standards of financial stability are created and managed at all times.