Finish This Sentence: "The Biggest Mistake You Can Make in Trading is..."

Trading Discussion
21

Overleveraging

2 Likes
22

The same mistakes

1 Like
23

Entering a trade without calculating and writing down your maximum funds at risk, then not having a written trade management and exit plan.

1 Like
24

Trading after 5pm

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Not having a system you know you can trade.

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26

Doing it without really feeling passionate about the process.

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27

The biggest mistake for me is when your wrong is staying wrongā€¦if u dont take a small loss you will end up taking a big loss :cowboy_hat_face: :cowboy_hat_face:

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Thinking my money was safe with a regulated broker.

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bad risk management

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30

falling asleep

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Letting your emotions rule your decision making.
Fear and greed

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Using money you CANā€™T afford to lose in your trading account.

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33

Not using stop loss.

1 Like
34

being afraid

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revenge trading

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To give up

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Being indiscipline

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Not having an edge.

If you are not trading with a statistical advantage (positive expectancy) over the market, everything else is futile.

Discipline, risk management, execution skills, and positive thinking are only useful if you have an actual edge, but they are not edges in themselves.

39

Being greedy like the foolish hyena.

40

Being driven by your emotions in decision makingā€¦ And being afraid of not taking risk.