One I battled with this past few weeks is revenge which has cost me a whole lot, whatever you do avoid revenge trading.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Traders Common Mistake
- Thread starter NeilKruger
- Start date
True, but I wouldn't necessarily call it giving up but taking a break after a series of failed attempts. A break to learn more and figure out what went wrong and how to fix it.I believe traders' most common mistake is that they give up early.
Not gonna lie, I am guilty of letting my profitable trades turn into losses just because I didn’t time my exit properly.Cutting winning trades short and letting losing trades run.
Common psychology, fear of losing that little bit of profit so closing early and hoping and praying the trade will turn around so letting losing trades run.
Fear and hope are a traders worst enemy.
I think we all have made these mistakes at some point. We put so much effort in planning when to enter but don’t care about strategically exiting the position. This results in either closing traders too early that cut our profits or exiting too late that a nice profit disappears because of sharp reversal.
The Fixx: answer a few questions... - https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706common mistake
Last edited:
i think due to over trading most of the traders who are especially beginners always fall a great level of trading.The major trading mistakes I personally have experienced:
1. Overtrading
2. Double down on bad trades trying to make it back
3. Not taking losses on wrong trades
4. Revenge trading
5. Use big sizes/positions
Unfortunately, I have done them all and many times over. Often you realize your mistakes but to consistently do it right is the hard part.