bad trading habits list

[Bison42]

Trade in the first hour and the last hour. Go get some excersize inbetween. When you're bored in the middle of the trading session you make bad decisions.
All of the volume is at the opening and the close, best chance for a good execution.

 

[trader198]

did a good research and prepared the trade, then suddenly abandoned it, swictched to a trade I do not have a good thought on it.

today I am planning to buy JoY 65 call in the moring, when saw it shoots away from me, I suddenly abandoned my plan to buy it, switched to buy AAPL 605 call. kind of odd.

planned to buy 500lots of BAC 9.5 call at 0.05under, just bought 100lot, what a nice trend toady, I should add and add, but no action at all.

in hindsight, I heard my trumbling voice of fear. I have lots of those bad experience. bought high, end up worth nothing.

I could not follow the plan strickly, the evil of fear ruined my plan!

 

[oraclewizard77]

Taking less profit due to wanting to get that win, but seeing that if you had patience you could have gotten the target profit.

 

[Satan's Helper]

Quote from nrixy:

.....porn and masturbation.....

not that I know of anyone that does that

That is much better then getting married (at least in Satan's eyes)! That includes loosing positions, women, men or what ever you are into!

Just jay NO to Marriage!



<a href="http://www.flickr.com/photos/lyledal/476721077/" title="Al_Bundy_NOMAAM by LyleDAL, on Flickr"><img src="http://farm1.staticflickr.com/173/476721077_f6b72c9228.jpg" width="375" height="428" alt="Al_Bundy_NOMAAM"></a>

 

[Newex]

lack of confidence . Always believing i made a wrong trade . This proves usefull when you actually made a bad desision but as someone else pointed out this leads to close a winning trade too soon .

Lack of confidence is not bad on results but spoils the whole fun of trading .

 

[oilfxpro]

fighting a few trading prostitutes on E T

 

[pud_shaft]

Quote from oilfxpro:

fighting a few trading prostitutes on E T

They are vendors, brokers, forex pimps, book sellers, prop firm owners, penny stock pumpers, etc.

Half of the posters are not real traders.

What's dangerous to new traders is the posters who pretended to be traders. They mislead traders, gave bad advice, only to serve their own interests: selling books, getting people hooked to currency trading scams or subscription services, ending up in a prop firm losing money.

Two of the con artists I can think of are: book writer Nodoji and the prop firm owner at 2012 P/L thread posting about his firm's traders' results.

 

[oilfxpro]

Quote from oraclewizard77:

Getting emotional over a loss, and trying to make it back that day by revenge and/or over trading.

protect your account and recover your losses same day , is normal defensive reaction.You should always win at any price.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=236978

 

[Cdntrader]

Quote from trader198:

mine is I often drift away from my plan, maybe for the sake of get rid of boring, maybe for the sake of avoid resposbility, maybe just evil rebelling mind....

what is yours, and your solution?

trading fridays.

no solution yet.

 

[nutmeg]

my biggie was confirmation bias on the losers.

Seeking out info after the fact to prove I made a good decision.

pfffftttttt.. recipe for disasster.

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regarding other peoples bad habits which amuse me?

When they say "I'll buy when it comes down to my price." I love that one. The stock comes down to their "Price" and keeps going down and down and down.........