What’s your worst trading habit?

Beginner Questions
1

I think we all have at least one bad trading habit as nobody is perfect. I know there are some who think they are, and most of them have never turned a consistent profit in their life.

My worst habit is that I sometimes don’t account for an economic release and occasionally I pay the price for it, at least temporarily. I usually check my economic calendar every day just to be aware of them, but since I don’t trade economic releases I sometimes tend to either ignore them or forget them (I do set reminders, but during a busy day I tend to click the away rather fast unless they are marked urgent; maybe time I mark those economic releases as urgent).

2

Moving Stopslosses, and scalping.

Today, I made a trade, that I will hold for no less the 131 pips. Changing my game…

As far as the calander, I bought a dry-earse board that I have next to my PC screen, so, the night before I write down whats of importance, and ready to go for the next day…

Get Well Soon

3

Nice idea with the board. I never move my stop loss unless my trade is profitable and then I keep moving it in order to increase my guaranteed profits.

4

forcing myself to focus on a maximum of 3 time frames sometimes it jumps up to four and I just start confusing myself. Gotta set things in stone X_X

5

bad money management…sometime i take big bet and loose all small profit gained

6

Risking more than 1% of my capital.

7

Closing trades too early. For some reason I’m more inclined to be in and out of the market meaning I leave profits on the table way too often.

8

Trying to turn a short term trade into a long term trade.

9

Going on Facebook when I have money on the line . And not paying attention lol

10

I sometimes forget about economic reports (just as you have mentioned). It does not have a big enough negative impact or expected positive impact for me to make any severe changes.

11

drinking REDBULL when trading is not a good idea …:slight_smile:

12

MNS
How is it working out so far?
Did you manage the 131 pips on thur?

13

Worry about loss. Sometimes my order haven’t reach my TP yet then I will close my order. Not confident enough.
Rushing in to open order without analysis. Now I’m trying to control my bad habit and force myself to change it.

14

Why not i drink every trading day redbull or hell it boosts me up if i`m sleepy.

Anyways my worst trading habit is that i don’t find a holy grail :frowning:

16

To jump in a trade on a fast moving candle. I usually end up with the low or high of the day, except on the wrong side.

18

Worst trading habit… letting trades run even though there are so many signs that my idea is invalidated.

19

looking at charts too much. When analysis is made, it’s made. Stops and tps are made for breathing room and projection targets. Let them do what they will

1 Like
20

Changing strategies

21

Yep. This is my issue too. The longer I look at the charts, the more I second-guess myself and the more apt I am to exit early … cost me 35 pips yesterday!

23

Everyone has its own worst trading habit. I believe that the worst one is to neglect emotions control and often let yourself to make hasty deeds in trading activity. For example if you see that everything goes bad and you start to ruin your account it’ll be better to delay trading activity and change the focus on other activities, you know, simply to distract from it, afterwards you can get back to it. Indeed, we’re not robots to be emotionless but we are able to work on this emotionlessness in order to count wisely every step. Unfortunately, lots of traders neglect this rule and then get angry on trading just because they couldn’t handle with their emotions.