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

[against_tides]

averaging and re-averaging a losing trade..!!

 

[NJ23]

No stop-loss and slept out of tiredness and boredom. Lol ! Ha ha ha

lol lol lol

 

[TraderRavi]

Re: What were worst trading mistakes that we commited for the list.

I shall add the following which readily come to my mind

* Holding on to a loosing position and trying to justify initial trade which has already gone against and which has already blown through the stop (if one really has any) aka mental stop

* Trying to exit a trade on a larger timeframe than the one entered in to.

* Hoping that a looser will turn winner. Reluctance to accept reality.

* Not analysing loosing trade and not trying to learn lessons from it aka repeating same mistake.

Most common mistake of we all traders

 

[Fistig]

I agree with the results of the question. I would have gone with having insufficient knowledge or information about the trading. I have seen that many traders enter the trading process without gaining any crucial information about what they are getting themselves into.

 

[desiwarrenbuffet]

Just curious to see what were worst trading mistakes that we commited for the list just to help each others....

* Traded blindly without any homework or trading plans (poor discipline).

* Traded impatinanctly in congestion or non-trending zone (poor trade plan).

* Traded without Stop Loss or with too big Stop Losses (poor Risk Management).

* Traded way too many trades in a day resulting net losses (poor Risk and Money Management).

* Traded against the prevailing trend and then booked losses (poor Plan and Risk Management).

* Traded with the trend but booked small profit and too early.

* Traded with good plan (mm, rm, plan, discipline) but with no faith in the plan resulting less profit to cover other big losses.

* Traded booking small profits and big losses.

* Traded at Market Price in less volume scrips resulting big losses.

* Traded on speculations, rumour or news and getting traped in Market Makers game resulting big losses.

* Traded within fear/greed barrier and without knowing risk/reward ratio.

* Traded on spoon fed tips resulting huge losses.

* Traded getting psyched from CNBC or US/Europe speculations and resulted huge losses.

* Have commited all above and now seasoned trader.

* Have commited some of Marked above Plus some other

* None of above but some other.

* Never commited any mistakes.

* Traded not even realizing after loosing lots of money & time in markets is Not Knowing which Time frame suits personality.

* Averaging and overleveraging to losing position and selling in panic.

* Converted intraday or swing trades into short term and long term without reasons.

* Committed some or all of above - again and again.

* Was unable to bare the loss and then traded more and more to recover the loss..ultimately completely or nearly wiped out the account.

Almost committed all the mistakes, but now have eliminated most of them.

But some refuse to die down

 

[desiwarrenbuffet]

Re: What were worst trading mistakes that we commited for the list.

I shall add the following which readily come to my mind

* Holding on to a loosing position and trying to justify initial trade which has already gone against and which has already blown through the stop (if one really has any) aka mental stop

* Trying to exit a trade on a larger timeframe than the one entered in to.

* Hoping that a looser will turn winner. Reluctance to accept reality.

* Not analysing loosing trade and not trying to learn lessons from it aka repeating same mistake.

Averaging the loosing trade

Hero or zero trades on bank nifty weekly options expiry day

 

[abhisharma]

Poor risk management, for sure. I still have this haunting image of me losing money because I didn’t use SL as I thought it was pointless at first.