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Common mistakes
Uczestnik z Jul 19, 2020
749 postów
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.
Uczestnik z Feb 24, 2020
4 postów
Dec 30, 2020 at 14:24
Deviation from trading strategy and violation of trading discipline.
Uczestnik z Jul 19, 2020
742 postów
Dec 30, 2020 at 19:36
The main cause of emotional trading loss. Success is never achieved by trading from emotions.
Uczestnik z Jul 20, 2020
286 postów
Dec 31, 2020 at 02:26
Every trader needs to maintain discipline. Trading is not possible without discipline and plan.
Uczestnik z Jul 23, 2020
816 postów
Dec 31, 2020 at 03:40
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.
True. Fear of losing money also mislead trader. So, be aware of that.
Uczestnik z Apr 15, 2020
187 postów
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.
Uczestnik z Nov 26, 2020
14 postów
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.
Uczestnik z Aug 09, 2017
598 postów
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.
Uczestnik z Apr 18, 2017
659 postów
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.
Uczestnik z Jun 26, 2020
323 postów
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.
Uczestnik z Jul 19, 2020
310 postów
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%.
Uczestnik z Dec 28, 2020
167 postów
Jan 12, 2021 at 11:16
My most common mistakes are starting trading with very little preparation and Being emotional for my money.
Uczestnik z Jul 20, 2020
385 postów
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
Uczestnik z Nov 20, 2020
11 postów
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.
