Common mistakes made by novice and amateur traders in the stock markets.

How many commonly known trading mistakes have you committed in your trading.....

• Traded blindly without any homework or trading plans (poor discipline). 
• Traded impulsively or at a no-trade zone (poor or no trade plan). 
• Traded without Stop Loss or with too big Stop Loss (poor Risk Management). 
• Traded way too many trades in a day resulting net losses - over trading. (poor Risk and Money Management).  
• Traded against the trend and then booked losses (poor Plan and Risk Management). 
• Traded with the trend but booked small profit and too early. 
• Traded with good plan (mm, rm, plan, discipline) but with no confidence in the plan resulting less profit to cover other big losses. 
• Traded booking small profits and big losses. 
• Traded at Market Price in less volume scrips resulting big losses. 
• Traded on speculations, rumour or news and getting trapped in market makers game resulting in big losses. 
• Traded with fear/greed and without knowing risk/reward ratio. 
• Traded on others tips resulting huge losses. 
• Traded after reacting to watching CNBC or US/Europe NEWS and resulted in losses. 
• Trading not knowing and realising which time frame suits your personality. 
• Averaging and overleveraging losing position and selling in panic.  
• Converted intraday or swing trades into short term and long term without reasons.  
• Revenge trading. Unable to bear losses and then traded more and more to recover the loss.......nearly wiping out your account.
  
• Holding on to a losing position and trying to justify the trade which has gone against you.Using mental stop 
• Trying to exit a trade on a larger timeframe than the one entered in to. 
• Hoping and praying that a losing trade will turn a winner – praying to god! Reluctance to accept reality and changing your opinion of the market. 
• Not analysing loosing trades and not trying to LEARN lessons from it..... repeating same mistakes over and over.

-CP
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