Saturday, August 7, 2010
What were the worst trading mistakes that we commited from the list?
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.
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