Traders Common Mistake

Many traders make well calculated plans but as they start making profits they also tend to increase the position size of the trade which sometimes leads to losses.
It is as important to follow the trading plan strictly as it is to make it.
 
I don’t think that a trader’s mistakes define his capability as a trader. What really matters is how much you analyse your lost trades and improve along the way. You are bound to make mistakes and these mistakes should become the reason for your growth and not your reason to leave.
 
Where a trader is afraid of making too many market moves, there is another trader who is too excited to execute trades. Some traders don’t study well while some traders keep looking for ideal trading conditions until they make a move. There is so much that traders do that they shouldn’t.
 
Mistakes can make good progress I think if we can learn from the mistake then talk to ourselves not will repeat the same mistake, a common mistakes in trading included fear of missing out, over trading, and lack of discipline with plan trading.
 
I really don’t care about the mistakes I make while trading because they tell me what not to do. They teach me those lessons that I couldn’t find in my books.
 
There are dozens of common mistakes
in trading, but my top five are:

1. Indecision

2. Inadequate research

3. Buying high

4. Incorrect stop setup

5. Being greedy
 
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