Trading Mistakes

krishna23

krishna23

Active Member
#1
#1
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:mad:

2)took positions much larger than i could afford to

3)had no stop losses:eek:

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

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

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
 
krishna23

krishna23

Active Member
#2
#2
ya this was way back when i started in 2002...am doing quite well for myself now after the terrible start i had...
i posted this so that beginners don't give up after their initial mistakes and actually work on their skills...

and mate just noticed this is your first post so welcome to the forum:)
 
Saint

Saint

Banned
#3
#3
krishna23 said:
ya this was way back when i started in 2002...am doing quite well for myself now after the terrible start i had...
i posted this so that beginners don't give up after their initial mistakes and actually work on their skills...

and mate just noticed this is your first post so welcome to the forum:)
Click to expand...
Well done,Krishna.....

Saint
 
V

v_sadanand

New Member
#4
#4
Thanks for sharing your precious views Krishna.
Your mistakes would definitely be the stepping stones for the youngsters who are novice to trading.

I wish you all the best for your future endeavors.

Sadanand.



krishna23 said:
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:mad:

2)took positions much larger than i could afford to

3)had no stop losses:eek:

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

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

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
Click to expand...
 
S

skarpio

Active Member
#5
#5
krishna23 said:
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:mad:

2)took positions much larger than i could afford to

3)had no stop losses:eek:

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

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

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
Click to expand...
11) I also did not know there existed formalized techniques of decision making (FA, TA) and that there could actually be programs (which you can backtest with systems).
 
R

rsatheesh2002

Member
#6
#6
Hi,

It is very true to my trading days, which I started at the time of Sensex is 21K and I lost considerable amount. But after joining this forum I am learned so many intricacies of trading. And now I find that I am reducing my loss I made in those days.

I like one of the posting by a Senior member about "Fools Theory"

Still i am learning by bits. But I find one thing If I work hard spending time in understanding share movements and fundamentals I can really win this market. There is no short cut.

Happy Trading:)

Warm Regards
Satheesh
 
S

shkaigru

Member
#7
#7
My mistakes are greediness and lack of patience.They say a wise man learns from his mistakes. A wiser man learns from other people’s mistakes. Learn from my mistakes and from those of others.
 
krishna23

krishna23

Active Member
#8
#8
to avoid mistakes one's got to train the mind...emotional problems trigger mental instability which leads to financial mistakes and makes u worse...
attitude,discipline and hard work are very important for success...
and ya one needs to chill out frm time to time and enjoy too!
 
R

rkkarnani

Well-Known Member
#10
#10
krishna23 said:
to avoid mistakes one's got to train the mind...emotional problems trigger mental instability which leads to financial mistakes and makes u worse...
attitude,discipline and hard work are very important for success...
and ya one needs to chill out frm time to time and enjoy too!
Click to expand...
Yes very true, after all thats what you are earning for!!!! Taking time off from Trading and enjoying your fruits too should be part of the TRADING RULES !!!!
:)
 
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