What are(were) your most common mistakes in Trading?

my biggest mistake was probably after blowing up account 9, immediately taking out more money and blowing it within a month because i was not being disciplined as it seemed not much compared to what i had just lost.
 
GuerrillaTrading said:
Trading what I thought the market was going to do instead of trading what the market was giving me...
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Exactly! This is a good one.

All of my biggest losses that devastated my portfolio came from a blind belief in the trade - trading what i thought was gonna happen.
Blame goes on the lack of experience, overestimation of you abilities, having no fear, and ofcourse... greed!
 
I also like comment from Guerilla Trading. This is exactly situation which I have experienced many times. During time I have learnt to keep my trading breaks and rethink trading plan before I actually open position
 
  • Not setting SL/TP
  • Scared that it might be wrong choice to choose
  • Letting emotion taking over me after making a profit
  • Quitting after losses
To name some.
 
solartimes said:
  • Not setting SL/TP
  • Scared that it might be wrong choice to choose
  • Letting emotion taking over me after making a profit
  • Quitting after losses
To name some.
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Amen solartimes. I think a lot of us (myself included) have committed all of those mistakes.
 
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