Common mistakes
Member Since Feb 24, 2020
4 posts
Dec 30, 2020 at 14:24
Deviation from trading strategy and violation of trading discipline.
Member Since Jul 20, 2020
298 posts
Dec 31, 2020 at 02:26
Every trader needs to maintain discipline. Trading is not possible without discipline and plan.
Member Since Jul 23, 2020
869 posts
Dec 31, 2020 at 03:40
UweMoench posted:True. Fear of losing money also mislead trader. So, be aware of that.
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Dec 31, 2020 at 06:25
There are so many of them.. Frankly i myself committed most of these mistakes during my newbie days.
1. Thinking that you have learnt everything: Most of the new traders start with their basic trading knowledge and towards the end they feel 'I am a pro now, i know everything.'
2. lack of regular practice: Even if you are doing good in your trades it doesn't mean you will be in profit whenever you trade. regular practice is the key to gain experience. Without experience one clearly doesn't know how uncertain and volatile market can be.
3. Greediness of course: The day you start trading to hound the profits and nothing else, you will start losing your capital. Greed would make you place larger trade size which can certainly flip your account.
4. Taking too much risk: Yes, taking risk is required when it comes to trading, but taking risk beyond your trading capacity is unethical.
There are many more common mistakes, but apparently these effect your trading the most.
1. Thinking that you have learnt everything: Most of the new traders start with their basic trading knowledge and towards the end they feel 'I am a pro now, i know everything.'
2. lack of regular practice: Even if you are doing good in your trades it doesn't mean you will be in profit whenever you trade. regular practice is the key to gain experience. Without experience one clearly doesn't know how uncertain and volatile market can be.
3. Greediness of course: The day you start trading to hound the profits and nothing else, you will start losing your capital. Greed would make you place larger trade size which can certainly flip your account.
4. Taking too much risk: Yes, taking risk is required when it comes to trading, but taking risk beyond your trading capacity is unethical.
There are many more common mistakes, but apparently these effect your trading the most.
The more your practice, the more you learn.
Member Since Nov 26, 2020
18 posts
Jan 06, 2021 at 06:20
Trading is not everyone’s cup of tea. You have to put a lot of effort to make the most of the market.
Member Since Jun 26, 2020
327 posts
Jan 07, 2021 at 07:09
mistake is a very common thing that we cant avoid in spite of everything , the main thing is to come back from mistake very soon, otherwise it could be dangerous.
Jan 07, 2021 at 11:09
Managing risk is the most important yet most ignored aspect in trading. I mean all unsuccessful traders do not have any risk management policy. I do not risk more than 1% of my capital in a single trade. If I open more than one trade my maximum risk percentage is 2%.
Member Since Jul 20, 2020
399 posts
Jan 14, 2021 at 12:38
UweMoench posted:
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Completely agree with this
Member Since Nov 20, 2020
15 posts
Jan 20, 2021 at 04:30
Yes these are some very common mistakes made by new traders and they should definitely stay away from overtrading.
