Top 10 deadly mistakes traders make which can ruin their goals.
1: Trade for excitement and adventure, not for profit.
Many traders consider the stock market to be a casino and only trade for adventure and entertainment. As soon as someone has a losing trade, he wants to quickly return the lost money. He thinks of other things he could have done with money, regrets the business and wants to recover as quickly as possible. This, in turn, leads to further mistakes. Be patient and hang tight for the following high likelihood opportunity. do not hurry.
2: Do business with a high ego.
Many individuals who have been highly successful in other business ventures have failed miserably in business sports. Because they have a big ego and thought that they could not fail. Their arrogance becomes their downfall, except that they will not go wrong and refuse to get out of bad trades. Once again, whoever or where anyone has come from is not worried about the markets. All the charm, powers of persuasion, number of business management degrees and diplomas on the wall or business savvy will not shake the market if you go wrong.
3: Four 4-Letter Words That Will Kill You! Hop, fish, bait, parry.
If you ever find yourself trading one or more times then you are in big trouble! The market has its own system of going up and down. There is no need to turn a losing business into a winner to lose all hope, desire and prayer or fear in the world. Use a simple 6-letter word to correct the situation if it goes wrong - get it!
4: Trading With Money You Cannot Lose.
One of the biggest hurdles in successful trading is using money that you can't really afford to lose. Examples of this would be money used in another business, money paid for college/school fees, business with borrowed money, etc. It all happens when someone knows in the back of their mind that they are risking money that they cannot afford. To lose, they exchange out of dread and feeling versus rationale and no feeling. If you are in this situation, it is highly recommended that you stop trading until you have earned enough to put into an account that you can actually lose without major financial failures . can do. Read the golden rules of the stock market…
5: No Trading Plan.
If you consider yourself a merchant, ask yourself these questions: Do I have a set of rules to tell me what to buy, when to buy and how much to buy, not for the next trade, For the next 10 trades? Do I know when I will make a profit before entering the business? Do I know if I go wrong then I get out These questions are the first part of the business strategy? If we cannot answer these questions clearly and clearly, then no hope of success can be expected.
6: Before you spend the profits to make them.
Nothing is more exciting then getting into a trade that explodes and puts you in a highly profitable position. This can cause major problems, as this type of trading puts you in a state of extreme turmoil and motivates you day by day about the huge profits going forward. The real problem is when you are caught in daydreams and expectations. Because of this, you do not have to prepare to exit the market and erase all your profits because you have convinced yourself of the end result and will deny the reality of the situation. The simplest solution is to know where and how you will earn profits after entering the business.
7: No deduction loss or no profit
One of the most common mistakes traders make is that they allow their losses to be very large. No one likes to take a loss, but failing to take a small loss quickly will often result in a big loss. A great businessman is one who never loses. Great merchants have suffered many losses. In any case, what makes them extraordinary is their capacity to recoup rapidly from a series of misfortunes.
Every trader needs to develop a method to get out of losing trades quickly. Research and learn how to apply the best methods for placing protective stop-loss orders. The only way to overcome many (small) losing trades is to ensure that the winning trades are very large. After a series of losing trades, it becomes difficult to hold on to the winning trade as we fear that this too will turn into a loss. Let your profitable trades run. Give them space to move and give them time to move.
8: Do not stick to your plans and change the strategy at market time.
If you change your strategy during the day and find that the markets are still open, then beware of the fact that you may be subject to emotional reactions to fear and greed. With rare exceptions, the most prudent thing to do is to plan your trading strategy before the market opens and then be strict during the trading hours.
9: Not knowing how to exit the losing trade.
It is astonishing that most traders have no clear escape plans to exit bad business. Once again they hope, pray and rationalize their situation. It should be kept in mind that the market does not care what you think. This is what it does and when you are wrong you are wrong! The easiest way to prevent a bad business from actually going bad is to determine where you will leave before you go in.
10: Falling in love with a share (Just Flirt).
Many traders are fascinated by only one or two stocks and seek opportunities to trade in stocks that simply ignore other profitable trading opportunities. The reason for this is that they have fallen in love with a stock simply to trade. Such tendencies can be suicidal as far as trade is concerned. This can be costly to anyone.
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| Deadly Mistakes of the Stock Market? |
Avoid this Deadly Mistakes of Stock Market
1: Trade for excitement and adventure, not for profit.
Many traders consider the stock market to be a casino and only trade for adventure and entertainment. As soon as someone has a losing trade, he wants to quickly return the lost money. He thinks of other things he could have done with money, regrets the business and wants to recover as quickly as possible. This, in turn, leads to further mistakes. Be patient and hang tight for the following high likelihood opportunity. do not hurry.
2: Do business with a high ego.
Many individuals who have been highly successful in other business ventures have failed miserably in business sports. Because they have a big ego and thought that they could not fail. Their arrogance becomes their downfall, except that they will not go wrong and refuse to get out of bad trades. Once again, whoever or where anyone has come from is not worried about the markets. All the charm, powers of persuasion, number of business management degrees and diplomas on the wall or business savvy will not shake the market if you go wrong.
3: Four 4-Letter Words That Will Kill You! Hop, fish, bait, parry.
If you ever find yourself trading one or more times then you are in big trouble! The market has its own system of going up and down. There is no need to turn a losing business into a winner to lose all hope, desire and prayer or fear in the world. Use a simple 6-letter word to correct the situation if it goes wrong - get it!
4: Trading With Money You Cannot Lose.
One of the biggest hurdles in successful trading is using money that you can't really afford to lose. Examples of this would be money used in another business, money paid for college/school fees, business with borrowed money, etc. It all happens when someone knows in the back of their mind that they are risking money that they cannot afford. To lose, they exchange out of dread and feeling versus rationale and no feeling. If you are in this situation, it is highly recommended that you stop trading until you have earned enough to put into an account that you can actually lose without major financial failures . can do. Read the golden rules of the stock market…
5: No Trading Plan.
If you consider yourself a merchant, ask yourself these questions: Do I have a set of rules to tell me what to buy, when to buy and how much to buy, not for the next trade, For the next 10 trades? Do I know when I will make a profit before entering the business? Do I know if I go wrong then I get out These questions are the first part of the business strategy? If we cannot answer these questions clearly and clearly, then no hope of success can be expected.
6: Before you spend the profits to make them.
Nothing is more exciting then getting into a trade that explodes and puts you in a highly profitable position. This can cause major problems, as this type of trading puts you in a state of extreme turmoil and motivates you day by day about the huge profits going forward. The real problem is when you are caught in daydreams and expectations. Because of this, you do not have to prepare to exit the market and erase all your profits because you have convinced yourself of the end result and will deny the reality of the situation. The simplest solution is to know where and how you will earn profits after entering the business.
7: No deduction loss or no profit
One of the most common mistakes traders make is that they allow their losses to be very large. No one likes to take a loss, but failing to take a small loss quickly will often result in a big loss. A great businessman is one who never loses. Great merchants have suffered many losses. In any case, what makes them extraordinary is their capacity to recoup rapidly from a series of misfortunes.
Every trader needs to develop a method to get out of losing trades quickly. Research and learn how to apply the best methods for placing protective stop-loss orders. The only way to overcome many (small) losing trades is to ensure that the winning trades are very large. After a series of losing trades, it becomes difficult to hold on to the winning trade as we fear that this too will turn into a loss. Let your profitable trades run. Give them space to move and give them time to move.
8: Do not stick to your plans and change the strategy at market time.
If you change your strategy during the day and find that the markets are still open, then beware of the fact that you may be subject to emotional reactions to fear and greed. With rare exceptions, the most prudent thing to do is to plan your trading strategy before the market opens and then be strict during the trading hours.
9: Not knowing how to exit the losing trade.
It is astonishing that most traders have no clear escape plans to exit bad business. Once again they hope, pray and rationalize their situation. It should be kept in mind that the market does not care what you think. This is what it does and when you are wrong you are wrong! The easiest way to prevent a bad business from actually going bad is to determine where you will leave before you go in.
10: Falling in love with a share (Just Flirt).
Many traders are fascinated by only one or two stocks and seek opportunities to trade in stocks that simply ignore other profitable trading opportunities. The reason for this is that they have fallen in love with a stock simply to trade. Such tendencies can be suicidal as far as trade is concerned. This can be costly to anyone.
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