Trading Mistakes

[bunny]

For people learning technical analysis:
If you see a pattern on charts, always wait for breakout. Do not enter a trade in anticipation of breakout, but after the breakout(closing price) has been confirmed.

 

[krishna82]

these are some of the mistakes i made when i started so i thought i'd share it here with u guys...

1)followed tips

2)took positions much larger than i could afford to

3)had no stop losses

4)held on to loosing posions too long and booked profits too soon on winning stocks

5)brought in the first 2 minutes of trade at the day's high

6)brought more on hunches and impulse and then paniced when my guess wen't wrong

7)placed market orders instead of limit orders

8)chose the costliest broker

9)traded too much

10)did not trust myself

so happy trading guys...
krishna

Hi,

As a newbie ..also my first post ..thanks much for the information

Have been reading ..reading ..the posts in this forum, WOW !!! this forum is really a virtual library for beginners :clapping:...still lot of things could not be able to understand..so scared to start in real ..

Might open a demat account by July 15th, 2010 ...

Good Luck for everybody with their trading !!!

Best,
krishna82

 

[kumar.vanshaj]

:thumb: thank u all for sharing ur trading experiences. I'm also a newbie and this forum has really helped me in deciding where to start frm initially i was clueless. Now i knw that i have to have patience and have to play with a strategy.

 

[tduraisamy]

Well done,Krishna.....

 

[profit13]

Most commonly mistakes traders do:-
Not using a trading plan.
not having a money management game plan.
Not using stop loss.
overstaying your position.
increase your risk with success.

 

[DanPickUp]

http://www.traderji.com/words-wisdom/26757-what-were-worst-trading-mistakes-we-commited-list.html

 

[krishna23]

Making mistakes is inevitable,what's more important is to be HONEST and admit them so you don't repeat them.

 

[columbus]

Making mistakes is inevitable,what's more important is to be HONEST and admit them so you don't repeat them.

In a lighter vein, A person who never works makes no mistakes at all, similarly
A person who never trades makes no mistakes.

 

[krishna23]

In a lighter vein, A person who never works makes no mistakes at all, similarly
A person who never trades makes no mistakes.

In my opinion,not working is also a mistake which people realize later.

The key is to find something one loves to do and then after a point it becomes second nature.

 

[columbus]

In my opinion,not working is also a mistake which people realize later.

The key is to find something one loves to do and then after a point it becomes second nature.

In my opinion,not working is not a mistake but is a SIN.
(Bigger than a mistake)