traders's mistakes

[new digital]

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https://www.verywellmind.com/an-overview-of-the-dunning-kruger-effect-4160740

 

[Ethanfx]

what mistakes newbies make in the beginning is all part of the process i think. no one can learn without making a mistake according to me. but what a real bummer is, they don't understand how important risk management is, why you should set some money aside and then start trading and not trade on your savings.

 

[johnbrown_01]

- trading without a good plan
- adding more to unrealistic and unprofitable trades
- not taking proper steps for risk management
- ignoring the fundamentals
- not giving due importance to research and study

 

[DT77]

Never need to pay anyone to learn this stuff, end of.....

 

[Leebax]

unless traders actually go throught his process anyway then they wont learn from their mistakes. Most traders do this

 

[Ary Barroso]

Certainly Ary, many new traders are expecting to become millionaires with only few short term trades. But, I dont blame them at all as there are is huge amount of marketing materials from various brokers trying to provide exactly this picture to all new traders

True; it’s their trap and new traders follow this road since, this path is looking so attractive!

 

[new digital]

Yes , i agree New traders make a lot of mistakes which can cost a lot in the long run. New traders therefore should avoid emotions at all cost , should not act greedy , avoid over trading . They should act disciplined and spend good amount of time in analysing the markets and price movements to make sound trading decisions.

true

http://t2wlulz.blogspot.com/2017/12/trade2win-casino-style-trading-systems.html

 

[new digital]

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[Ann]

Traders tend to make a lot of mistakes. They may start trading without having a plan, just on the basis of hit and trial. They blindly follow the systems and anticipate a lot of profits, that takes them nowhere but to incur losses for themselves. Lack of a diversified portfolio and improper setting of limits are another faults that traders have.

A trader must follow his system. How else? You get losses, then in retrospect you start writing down the system input in your errors. You think you should have guessed for some reason that the entrance is false. So you do not have an unambiguous trading system, if you allow thinking over during the trade. Or you are not ready to accept losses on your trading system.

 

[hakuna matata]

Some of the common trading mistakes are as follows :
Not using stop losses
No understanding leverage
Trading without a plan
Over trading
Emotions based trading – fear, greed , unrealistic expectations etc.
Lack of knowledge and research
Over diversifying a portfolio
However, these can be overcome with practice, time and effort as one gains experience.

 

[new digital]

Some of the common trading mistakes are as follows :
Not using stop losses
No understanding leverage
Trading without a plan
Over trading
Emotions based trading – fear, greed , unrealistic expectations etc.
Lack of knowledge and research
Over diversifying a portfolio
However, these can be overcome with practice, time and effort as one gains experience.

Mistakes ensure 99 % fail

http://tradinglosers.blogspot.com/

 

[Petez_FX]

Over trading/bad RM is the worst thing you can do tbh. Sometimes it can be very hard, so you've gotta hack that to be successful.

 

[georgequayle]

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Chasing your loses

 

[georgequayle]

Losses are inevitable even the best traders lose sometimes. However changing your strategy/approach after losing a few trades sets you back on back on the learning curve. Stick to one approach and don't change your trading strategy in a row.

What if its just fundamentally not working?

 

[Baazex]

Loosing in trading business is a part of this business proper plan and risk management with complete trading knowledge and market research are the factors to avoid possible risks.

 

[Ary Barroso]

Loosing in trading business is a part of this business proper plan and risk management with complete trading knowledge and market research are the factors to avoid possible risks.

It’s a part of the game! And the point is; good traders know the way of recovering!

 

[Arifym]

I agree with the above that emotions play a trick on us and do not allow us to act and collapse.

 

[Miller.d43]

I agree with the above that emotions play a trick on us and do not allow us to act and collapse.

Actually! its really hard at times to get control on your emotions.

 

[JanPatterson]

The biggest mistake is your self-confidence that you know everything better and will certainly work.

Do you really think like that?

 

[Ary Barroso]

Actually! its really hard at times to get control on your emotions.

We need to work on it! Practice is the best medicine; besides having a checklist is important here.