trading plans

[Antho]

What are some common mistakes traders make when creating their trading plans?

 

[Ravish Sinha]

There are certain common mistakes, which I feel a person should take care of:

1. Lack of Clear Goals
2. Ignoring Risk Management
3. Overtrading
4. Emotional Trading

 

[siyalikashyap]

Overconfidence, Chasing Losses, Not Learning from Mistakes, Overtrading

 

[nicholasbrownie]

One common mistake traders make when creating their trading plans is overcomplicating their strategies by incorporating too many indicators or variables, which can lead to confusion and poor decision-making.

 

[Jessie]

Not identifying the support and resistance levels, not sticking to the plan, using high leverage, over-trading are some common mistakes made by traders.

 

[ReggieFx]

What are some common mistakes traders make when creating their trading plans?

Sometimes I forget about my trading capacity and take more risk than what I can afford.

 

[saniich68]

Overtrading, Lack of Diversification , emotional trading , Lack of Clear Objectives

 

[VJAY]

Emotional Trading
Not giving importance to risk management
Over confidence &then take unnecessary trades
when continue loss trades then ignore all rules
Doing same mistakes regularly
These are main issues I gone through in my Trading carrier..
If we hold in these things success follows ...