The 5 Most Common Mistakes Newbie Traders Make

[rvm123]

But these mistakes may prove costly, at times?

 

[rajputz]

1. Trading Without a Plan or Journaling
2. Not Setting a Stop Loss
3. Revenge Trading
4. Letting Losers Run
5. Having Unrealistic Expectations

2nd one is the one i never use. Setting it can also lead to a failure.

 

[DanPickUp]

2nd one is the one i never use. Setting it can also lead to a failure.

That specific post from the writer would need some more explanations.

How and why?

Just posting it I also can do. But explaining why, is an other thing.

As you made the post, it is your turn.

 

[goldonline]

1. Trading Without a Plan or Journaling
2. Not Setting a Stop Loss
3. Revenge Trading
4. Letting Losers Run
5. Having Unrealistic Expectations

Great post this post is very helpful for anyone.:clap:

 

[ritesh.bafna88]

i personally used to book profit much earlier... now i realized how useful is to learn to keep your nerve intact....

 

[Kungfu]

Seem the topic owner has gone =)

There are a lot of mistakes and also advices for any trader, not only newbie traders.

But I think 5 mistakes were very popular so thanks a lot

 

[sreedharan_menon]

Dear RAjputz
Everyone speaks of a trading plan to be prepared, but no one mentions any details of the same...what exactly do you mean by trading plan.....

 

[saddaum]

be confidence in every trade u take
and if ur stoploss hits just get out ...............
in every loss ur gaining exp