What were the worst trading mistakes that we commited from the list?

[Marjorie549]

I have made all of the above mistakes and many more. I can think of adding following 2 to the list at this moment..

 

[manishks1975]

One mistake which i regularly make is to prove that i am always right and in case market goes against me i feel that some big players are trying to make traders feerful so that they exit in losses but soon market will take u turn to the trend which i thought. during this i never realized that there are some background news which are changing the trend and those news reach to me very late when i have already lost huge amount which is not at all possible to recover next day
Did anybody faced this issue and how they handle?

 

[ganeshams]

I too faced this issues to overcome have a clear trading plan
so very Strict stop loss.

 

[Steve]

I have commited most of these follies. At times I've got into the "A Einstien"
mode and invented a new, one or reinvented the old with renewed permutations
and zing..:annoyed:

 

[shareking]

1.Averaging.
2.Didn't use stoploss. hoping it will come up again.
3.Try to buy the stock at cheap price , when it's going down.
4. Did gambling..bought without any analysis.

 

[data_pradeep]

I to made most of the above mistakes.

 

[Protector]

Also trading after a couple of beers is not a very good idea ether

 

[desiwarrenbuffet]

I was trading without any plans,stoploss etc.I was trading on my extinct.most of the times i made money

 

[desiwarrenbuffet]

I think i had done most of the trading on gambling instincts

 

[Somatung]

- Believed at those times that my assumption about the market and what little knowledge I had must be 100% right.

- Believed at those times that my little excel sheets signals can beat the market.

- Believed at those times that my standard deviation signal and the most simple charts given from my excel sheet are always right, because I was not able to do any chart analyzes with out those tools.

- Always valued the short side of the market too much and was not able to see the positive signals in the market. Result: Continues try of counter trend trading even in the best trending up moves.

Lost or did not make any money through this behavior many times in strong up market moves. Had to learn reading charts the right way and value them with out my excel sheet. Had to accept that my tendency is on the short side and had to learn to handle this problem in up trending markets.