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

[oilman5]

Follow sharekhan and indiabulls tips for sureshot and fastest way to diminish your capital.

WRONG................just do opposite,.....u shall very good, i can guarantee for indiabulls........in their buy call.....just sell:clap:

 

[oilman5]

T.ASAITHAMBI

Dear Members,

Those who knows to become a average successful trader, how long it takes.
Senior members please tell me.

........................................
ya my estimation around 10 yr........though i have not reached yet expert level in 19yr......i am a slowrunner

 

[AW10]

I read it somewhere, that for human being to do anything consistently well at subconscious level, it needs 10 yr or 10,000 hours of work.

That doesn't mean you can't be profitable trader before that.. It depends on YOU,
on how much effort you are putting in, and how fast you can change your wrong trading habits and improve yourself.

If you learn it correctly, then in 1yr to 2 yrs of committed and well directed effort , you might be able to end positively on monthly basis. Otherwise, it is also quite likely that till next 3 yrs, u are searching for holy grail method of 100% successful trading and getting confused with indicators..


All the best.

 

[simple_trader]

My biggest mistake in trading is I am unable to run my profit making positions for long time. I tend to cut them in 1/2 way.

Needs lot of mental strength to hold on.

Happy trading!

 

[sanjiv1977]

why do u address senior members
who r the so called senior members
in stock market there is no junior no senior
i think here in this forum there are lots of people calling themselves senior and several others calling them senior members(really dont understand on what basis)

 

[oilman5]

Why it may take time
.....................................
Inside of trading......application in stockmarket
1]you---swot
2]time management
3]what is possible
4] where lies oppurtunity
5]where lies risk
6]gambling aspect..how to say no
7]problem of overtrading
8]stoploss
9]imporance of written plan
10]diary writing....analysis of trade
11]trading tool for u
12]ta
13]psychology
14]understanding fundflow
15]fii-mf-operator.......3 winner
16]bear attack plan
17]how a fund manager choose a stock
18]portfolio management concept
19]sector trading concept
20]where lies oppurtunity in present market scenario
21]how to use momentum
22]how to use news
23]how to use result
24]trading strategy......swing-position
25]tactical appln.....day-f&o
26]software study
27]programming
28]how to handle stress
29]how to syncronize and avoid part conflict

 

[BIJU ABRAHAM]

Why it may take time
.....................................
Inside of trading......application in stockmarket
1]you---swot
2]time management
3]what is possible
4] where lies oppurtunity
5]where lies risk
6]gambling aspect..how to say no
7]problem of overtrading
8]stoploss
9]imporance of written plan
10]diary writing....analysis of trade
11]trading tool for u
12]ta
13]psychology
14]understanding fundflow
15]fii-mf-operator.......3 winner
16]bear attack plan
17]how a fund manager choose a stock
18]portfolio management concept
19]sector trading concept
20]where lies oppurtunity in present market scenario
21]how to use momentum
22]how to use news
23]how to use result
24]trading strategy......swing-position
25]tactical appln.....day-f&o
26]software study
27]programming
28]how to handle stress
29]how to syncronize and avoid part conflict

This is why some r called and respected as seniors.no flattery

 

[darkstar]

My biggest mistake in trading is I am unable to run my profit making positions for long time. I tend to cut them in 1/2 way.

Needs lot of mental strength to hold on.

Happy trading!

thats the key for holy grail (don't assume literary)

 

[gauharjk]

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.

My mistakes...


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

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

* Traded booking small profits and big losses.

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

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

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

Today, my account was wiped out.

I was short Titan Industries 1 lot @ 3850 (125). Today, it jumped 324 points up, in 1 single day. I had to cover at 4200. Lost all my account. No stop loss. Could not get out as I hoped the script would correct, but it did not, and kept going higher...

 

[MindlessTrader]

My mistakes...


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

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

* Traded booking small profits and big losses.

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

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

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

Today, my account was wiped out.

I was short Titan Industries 1 lot @ 3850 (125). Today, it jumped 324 points up, in 1 single day. I had to cover at 4200. Lost all my account. No stop loss. Could not get out as I hoped the script would correct, but it did not, and kept going higher...

sorry to hear this thing...but stock futures should be traded only with capital more than 2-3 lakhs....as with big lot sizes anything can happen...good luck for future...