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Common mistakes
เป็นสมาชิกตั้งแต่ Feb 24, 2020
4 โพสต์
เป็นสมาชิกตั้งแต่ Jul 20, 2020
298 โพสต์
เป็นสมาชิกตั้งแต่ Jul 23, 2020
869 โพสต์
Dec 31, 2020 at 03:40
เป็นสมาชิกตั้งแต่ Jul 23, 2020
869 โพสต์
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
เป็นสมาชิกตั้งแต่ Apr 15, 2020
219 โพสต์
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.
เป็นสมาชิกตั้งแต่ Nov 26, 2020
18 โพสต์
เป็นสมาชิกตั้งแต่ Jun 26, 2020
327 โพสต์
Jan 07, 2021 at 11:09
เป็นสมาชิกตั้งแต่ Jul 19, 2020
298 โพสต์
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%.
เป็นสมาชิกตั้งแต่ Jul 20, 2020
399 โพสต์
เป็นสมาชิกตั้งแต่ Nov 20, 2020
15 โพสต์
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