How many commonly known trading mistakes have you committed in your trading.....
- Traded blindly without any homework or trading plans (poor discipline).
- Traded impulsively or at a no-trade zone (poor or no trade plan).
- Traded without Stop Loss or with too big Stop Loss (poor Risk Management).
- Traded way too many trades in a day resulting net losses - over trading. (poor Risk and Money Management).
- Traded against the trend and then booked losses (poor Plan and Risk Management).
- Traded with the trend but booked small profit and too early.
- Traded with good plan (mm, rm, plan, discipline) but with no confidence in the plan resulting less profit to cover other big losses.
- Traded booking small profits and big losses.
- Traded at Market Price in less volume scrips resulting big losses.
- Traded on speculations, rumour or news and getting trapped in market makers game resulting in big losses.
- Traded with fear/greed and without knowing risk/reward ratio.
- Traded on others tips resulting huge losses.
- Traded after reacting to watching CNBC or US/Europe NEWS and resulted in losses.
- Trading not knowing and realising which time frame suits your personality.
- Averaging and over leveraging losing position and selling in panic.
- Converted intraday or swing trades into short term and long term without reasons.
- Revenge trading. Unable to bear losses and then traded more and more to recover the loss.......nearly wiping out your account.
- Holding on to a losing position and trying to justify the trade which has gone against you.Using mental stop
- Trying to exit a trade on a larger time frame than the one entered in to.
- Hoping and praying that a losing trade will turn a winner – praying to god! Reluctance to accept reality and changing your opinion of the market.
- Not analyzing loosing trades and not trying to LEARN lessons from it..... repeating same mistakes over and over.
Stop doing this,Right Now.
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