Biggest mistakes???? Trading sideways market with itchy fingers with an usual loss of ~10% to 50% per options trade. I still make such mistake once or twice year in order to put myself back into discipline mode.
The biggest mistake I've ever made in trading.
- Thread starter Jamie J.
- Start date
Trading an illiquid pharma with heavy size during FDA release without a stop, saw oscillations of up to 75%.
Heart rate probably went from 80 to 160 in 30 seconds, not healthy stuff. Good thing I was in healthy shape, because that sort of action in an elder would probably cause a cardiac arrest, not joking either.
EDIT!
That was one.
Another one was trading a chinese company, then it got halted, long story short, it never reopened, and I was long ! lmfao.
Heart rate probably went from 80 to 160 in 30 seconds, not healthy stuff. Good thing I was in healthy shape, because that sort of action in an elder would probably cause a cardiac arrest, not joking either.
EDIT!
That was one.
Another one was trading a chinese company, then it got halted, long story short, it never reopened, and I was long ! lmfao.
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Lol! brings back memories. I got lucky once holding pharma overnight and never again will I put on that risk.
A stop in place would probably do more damage than good in this case......
Redneck said:
The biggest mistake ever - quitting before reaching one's goal (whatever the goal)
imo of course
RN
More...
The biggest mistake ever - quitting before reaching one's goal (whatever the goal)
imo of course
RN
More...
it goes back to mining gold. how many stories are there of explorers giving up the search just a few feet away from the main vein of gold?
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And how many of them worked themselves to death, without ever finding something of value, due to obstinacy ?
Not trading SMALL until I learned this game...lost over 140k before I got my shit together. I was a successful investor first and thought I would be an exception to the "learning curve" in trading. WAS I WRONG!
Hey, it could be a great idea, but not for me!
I just really like to learn something new from someone's experience, to analyze and to draw conclusions. In addition, this is an excellent opportunity to give useful advice to each other.Trading is a very emotional activity. Believe in yourself and don't let emotions control you. I recommend you to read "Fear, Greed and Panic: The Psychology of the Stock Market" by David Cohen. I'm sure you will like it.