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#1
14th February 2008, 11:17 PM
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Trading Mistakes
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 
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#2
14th February 2008, 11:27 PM
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Re: Trading Mistakes
hi....same is with me here..
so do you trade anymore..????
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#3
14th February 2008, 11:51 PM
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Re: Trading Mistakes
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 
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#4
20th February 2008, 01:59 AM
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Re: Trading Mistakes
Quote:
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust the sail..."
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#5
20th February 2008, 02:30 AM
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Re: Trading Mistakes
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. Quote:
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#6
20th February 2008, 08:40 AM
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Re: Trading Mistakes
Quote:
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#7
20th February 2008, 09:40 AM
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Re: Trading Mistakes
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
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#9
29th February 2008, 06:32 AM
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Re: Trading Mistakes
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!
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