What All Can Go Wrong in a Trade?

newtrader101

Well-Known Member
#1
Dear Traders,

What do you think about listing all those factors that can go against a trade?

Not to be pessimistic-but realistic.

Recently, I placed a trade to buy Crude on Friday, but mistakenly placed it on the same months' contract, on the expiry day. Result: Went into Loss (When exchange squared it off at EOD) eventhough next Monday it gapped up. Crude was trending up. Thinking about it now, I realise I was excited and so made the mistake.

Please list (1)what you have experienced and
(2) not yet experienced but perceive as a potential problem.

Some of them may be obvious (as the one above), but getting them in a list would be helpful for traders on the learning curve.

For instance:
  • switching time frames in the middle of a trade.
  • trading when emotionally disturbed
  • Taking a technically valid trade even though it is beyond our risk margin.
  • Internet issues
  • Computer problems
  • .....
I guess we would need a post for each point to explain what happened (instead of bullet points like above)
Thank you so much :).
 
Last edited:

MSN1979

Well-Known Member
#4
1. Too much Excitement while trading
2. If you loose you become angry/upset and keep thinking that it will turn around in your favor.
3. If you win you take incorrect exit. You loose all your wins or you exit too early.
4. Trading without writing SL Exit and Target
5. Trading without a RR System
6. Trading Incorrect Scrip/Quantities/ Incorrectly entering Price or SL or TSL while placing a trade in hurry.
7. Paper trades are easy. Real time trades are emotionally connected.
8. Family Problems/Office Problems/Unwanted phone calls and people.
9. Nagging WIFE/GF
10.Emergency
11. Computer/ Internet issues.
12. Too much snacks/ Gaining weight
13. Your Sitting Posture
14. Seeking advice from others while trading/ Others trying to guide your trade.
15. When your baby is little and crying and needs your attention
16. When your baby grows up and misses his school bus and you are the only one to drop him to school
17. National Emergency: Savita Bhabi standing in balcony
18. International Emergency : Wife catches you looking at savita bhabi
19. List Goes on and on..... Rest you figure out yourself.
 

cinderblock

Well-Known Member
#5
Need to initiate a good trade but caught in traffic and poor phone reception :)

Boss' disbursing gyan while you miss a trade.

IT decides to refresh just when you are about to make a trade that's not already automated.

Wife calls to remind me she's angry :)

Really anything that breaks your state of Nirvana intereferes with trading!

Also, reading and posting on this thread! - but there's no trade as of now.
 

suri112000

Well-Known Member
#9
I am the sole enemy of my trading account.
I do everything which is necessary to keep my trading account negative.
The following ensures that.
1. Wrong or random entries.
2. Not adhering to stops.
3. Hoping for turnaround.
4. Greed.
5. Fear.
6. Jumping the system.
7. Over trading.
 

Shikamaru

What a drag!!!
#10
I am the sole enemy of my trading account.
I do everything which is necessary to keep my trading account negative.
The following ensures that.
1. Wrong or random entries.
2. Not adhering to stops.
3. Hoping for turnaround.
4. Greed.
5. Fear.
6. Jumping the system.
7. Over trading.
8. Revenge trading
 

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