Common mistakes
Členom od Jul 19, 2020
751 príspevkov
Dec 30, 2020 at 12:45
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.
Členom od Feb 24, 2020
4 príspevkov
Dec 30, 2020 at 14:24
Deviation from trading strategy and violation of trading discipline.
Členom od Jul 19, 2020
788 príspevkov
Dec 30, 2020 at 19:36
The main cause of emotional trading loss. Success is never achieved by trading from emotions.
Členom od Jul 20, 2020
298 príspevkov
Dec 31, 2020 at 02:26
Every trader needs to maintain discipline. Trading is not possible without discipline and plan.
Členom od Jul 23, 2020
869 príspevkov
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.
Členom od Apr 15, 2020
219 príspevkov
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.
Členom od Sep 23, 2020
42 príspevkov
Dec 31, 2020 at 07:28
There are so many mistakes us traders make but the most important one is not working on your trading psychology. I believe if your mindset is strong you can conquer all other obstacles.
Členom od Nov 26, 2020
18 príspevkov
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.
Členom od Aug 09, 2017
785 príspevkov
Jan 06, 2021 at 08:01
my most common mistake is trade again and again after having a loss, i lost so many equity by this habit.
Členom od Apr 18, 2017
718 príspevkov
Jan 06, 2021 at 11:08
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
Členom od Aug 26, 2020
78 príspevkov
Jan 06, 2021 at 11:48
It seems to me that a common mistake is not to draw conclusions from your failures, and not yet contact the managers of the broker with whom you are trading.
Členom od Jun 26, 2020
327 príspevkov
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.
Členom od Jul 19, 2020
298 príspevkov
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%.
Členom od Jan 07, 2021
23 príspevkov
Jan 08, 2021 at 06:19
There are many common mistakes traders make like not using stop loss, indulging in emotions or not having a sound plan and many more.
Členom od Nov 16, 2020
55 príspevkov
Jan 08, 2021 at 18:54
The idea of trying to get your money back often comes up with traders after a series of losing trades. This is an emotional decision by a frustrated market participant looking to get their money back.
Členom od Dec 28, 2020
187 príspevkov
Jan 12, 2021 at 11:16
My most common mistakes are starting trading with very little preparation and Being emotional for my money.
Členom od Feb 11, 2020
24 príspevkov
Jan 14, 2021 at 12:04
Fomo is definitely an easy one to fall into for those with little knowledge and experience. Need to spend the time honing your abilities and plan.
Členom od Jul 20, 2020
399 príspevkov
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
Členom od Nov 20, 2020
15 príspevkov
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.
Členom od Aug 07, 2020
75 príspevkov
Jan 25, 2021 at 10:10
We do not have experience and practice, when we just start, if we have preparation, then it will be much easier for us to do it.
