- Lack of homework on what works.
- Inability to manage stress.
- Allowing big losses in your trading account,
- Quitting when they learn trading isn’t easy money.
- Inability to trade volatile markets.
- Inability to emotionally manage equity curves.
- Trading without a positive expectancy model.
- Never committing to one trading strategy.
- Trading based on opinions.
- Not managing position sizing.
- Not managing the risk of ruin.
- Over thinking their trades.
- Reactive trading decisions based on internalizing emotions.
- Trading with leverage without understanding the risks.
- Over trading.
- Trading with an account too small.
- Trading without a plan.
- Trading without stop losses.
- Not understanding what it takes mentally to be a trader.
- Setting stops in obvious places.
- Having only small winners.
- Selling short what looks expensive.
- A lack of discipline.
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