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

Worst mistakes that I commited were...

  • Traded blindly without any homework or trading plans

    Votes: 149 43.7%
  • Traded without Stop Loss or with too big Stop Losses (poor Risk Management).

    Votes: 178 52.2%
  • Traded way too many trades in a day resulting net losses (poor Risk and Money Management).

    Votes: 95 27.9%
  • Traded against the prevailing trend and then booked losses (poor Plan and Risk Management).

    Votes: 127 37.2%
  • Traded with the trend but booked small profit and too early.

    Votes: 129 37.8%
  • Traded at Market Price in less volume scrips resulting big losses.

    Votes: 41 12.0%
  • Traded on speculations/rumour/news resulting big losses.

    Votes: 53 15.5%
  • Traded within fear/greed barrier without risk/reward ratio.

    Votes: 103 30.2%
  • Have commited all above and now seasoned trader.

    Votes: 65 19.1%
  • None of above but some other.

    Votes: 18 5.3%

  • Total voters
    341

TraderRavi

low risk profile
#91
REVENGE TRADING ..............When i loose ,i loose badly .........This is what i m struggling at.............
this is the problem of all unsuccessful traders , they immediately try to recover loss and in the process take low probability setups and lose more
 
#93
actually it;s rule of gambling .. if u go on doubling on every 30% fall then on 4th or 5th time there will be time u get to recover your basic investment on that trade. on condition u have ample of time .

Time to test that lol
 

amandeep86

Well-Known Member
#94
Revenge Trading you mean - double the the next trade size when stop hit in the opposite direction ?
Not doubling ,even on same qty
 
#95
In my view no one can go with one way traffic of profit making in trading world. How smart he is or how big he is ? In trading few things in my view should be keep in mind if you ignore these points may be luck save you but will be doomed.

1) Do planned trading. Planned trading means do proper research like from where you to book loss specially or exit your trade if it is against you. Many people are aware but practically ignore it. I am also one of them some time even after making 100% return in 15 to 30 trading session one mistake can create so panic which results in mistake and mistake. So be careful. Plan your leverage because many time you are taking right trade but due to leverage your account blow and you get your price and regret.Because there is no hard and fast rules for trading. But you have to follow few things like we driving the car.

2) Choose right market for you. Means market where you trade comfortably. Like trading hours, liquidity, global access etc.

3) All are talking about money management. But you should learn loss management. Because in time of loss panic increases and people started doing more mistake. That time you have to make plan how to convert loss in profit. Because loss is inevitable in this business how smart you are. No body go one way consistent. So that time how you will manage the trade that you have to learn.

4) Learn from all but follow and make your own rules. Because every one has different mind and ability to learn.

5)Dont over trade. Because if you over trade your broker can be rich but you will lost all profit in one trade. Trade like fishermen attitude.

6) Dont listen blah blah blah of anyone be confident. You will find many oversmart people besides you.If you are wrong no problem learn from your mistake. Because people having little knowledge shout more to get motive solved. Up down is part of market. There is no defined support resistance as they made to breach.

These are few points I think important for all from expert level to novice level.

Because trading is an art and science both.

Thanz
 
Last edited:
#98
Re: What were worst trading mistakes that we commited for the list.



Fully agree with you Prabhjeet, but also will go one step further and say that most of the traders trade a method which is not in sync with their mental frame of mind/personalities. I have seen countless traders who are hyperactive and try to trade on hourly or daily timeframes and the moment price goes little against them ,they panic and dump their positions and at worse,reverse. Also a calm and quiet person tries to scalp the market with 1 min timeframe and does not take a quick profit and ends up into a loss. This mismatch creates tension in traders mind and a tensed mind is worst thing to have in trading.

Smart_trade
for a minute there it was like you read my mind, lol. how apt and so very true.

we are either scalpers or positional traders by instinct. never both or at least rarely both i may be forced to so.

we must discover this for ourselves and try to chip away the rough edges of what we are deep inside.

loved your acute observation and i have not come across this highly important point in any of the endless articles on the net - at least not so far.

thank you for posting this wondrous insight.
 
No stop-loss and slept out of tiredness and boredom. Lol ! Ha ha ha :D