1. Not having an exit strategy
2. Not having a risk management plan
3. Not having any idea where one will exit a bad trade
4. Letting bad trades get ugly
5. Not concentrating on the exit as much as on the entry
6. Never knowing when to get out
7. Taking profits too quickly
8. Getting greedy
9. Using arbitrary stops based on dollar amounts
10. Using the same dollar stop for every market and situation
11. Not looking at a chart to place a stop
12. Placing stops that are too close
13. Placing stops that are too far
14. Not using a buffer zone
15. Letting a stop lead you to get lazy
16. Not moving stops as the market moves in your favor
17. Canceling stops as the market gets closer
18. Not sticking to mental stops
19. Ignoring stops