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Shining Stars: A Group of Professionals
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    Common mistakes by novice and amateur traders in the stock markets

    How many commonly known trading mistakes have you committed in your trading.....
    • Traded blindly without any homework or trading plans (poor discipline).
    • Traded impulsively or at a no-trade zone (poor or no trade plan).
    • Traded without Stop Loss or with too big Stop Loss (poor Risk Management).
    • Traded way too many trades in a day resulting net losses - over trading. (poor Risk and Money Management).
    • Traded against the 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 confidence 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 trapped in market makers game resulting in big losses.
    • Traded with fear/greed and without knowing risk/reward ratio.
    • Traded on others tips resulting huge losses.
    • Traded after reacting to watching CNBC or US/Europe NEWS and resulted in losses.
    • Trading not knowing and realising which time frame suits your personality.
    • Averaging and over leveraging losing position and selling in panic.
    • Converted intraday or swing trades into short term and long term without reasons.
    • Revenge trading. Unable to bear losses and then traded more and more to recover the loss.......nearly wiping out your account.
    • Holding on to a losing position and trying to justify the trade which has gone against you.Using mental stop
    • Trying to exit a trade on a larger time frame than the one entered in to.
    • Hoping and praying that a losing trade will turn a winner – praying to god! Reluctance to accept reality and changing your opinion of the market.
    • Not analyzing loosing trades and not trying to LEARN lessons from it..... repeating same mistakes over and over.
    Stop doing this,Right Now.

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