Top 5 Mistakes to Avoid During the Blue Guardian Challenge

Top 5 Mistakes to Avoid During the Blue Guardian Challenge

While Blue Guardian offers excellent funded trading opportunities, many traders struggle due to common pitfalls. Recognizing these mistakes can dramatically improve your chances of success. This article outlines the top five errors traders should avoid during the Blue Guardian challenge.

1. Ignoring Risk Limits

One of the most frequent reasons for failure is breaching daily loss or trailing drawdown limits. Always monitor your risk closely and use stop losses.

2. Overtrading and Emotional Decisions

Chasing losses or trading too frequently leads to poor judgment. Stick to your trading plan and trade only high-quality setups.

3. Inadequate Preparation

Attempting the challenge without sufficient practice or understanding of rules sets you up for failure. Use demo accounts to simulate challenge conditions.

4. Trading Prohibited Instruments or Times

Violating the firm’s trading restrictions can cause instant disqualification. Review the permitted instrument list and trading hours.

5. Poor Record Keeping

Failing to keep a detailed trading journal hampers self-analysis and improvement. Document your trades, emotions, and lessons.

Conclusion

Avoiding these mistakes by maintaining discipline, preparation, and awareness will increase your likelihood of passing the Blue Guardian challenge and growing as a funded trader.