1. Refusing to define a loss. 2. Not getting rid of a losing trade when it is obviously a loser. 3. Getting locked into a bullheaded opinion about market direction. 4. Focusing on monetary value of trade instead of market structure. 5. Revenge trading to recoup a loss. 6. Not reversing a position when the market is clearly changing direction. 7. Not following the rules of your strategy. 8. Planning for a trade and then not taking it. 9. Not acting on your intuition. 10. Giving back recent gains due to overtrading or inconsistency. |
Archives of “inconsistency” tag
rssTRADING ERRORS
1. Refusing to define a loss.
2. Not getting rid of a losing trade when it is obviously a loser.
3. Getting locked into a bullheaded opinion about market direction.
4. Focusing on monetary value of trade instead of market structure.
5. Revenge trading to recoup a loss.
6. Not reversing a position when the market is clearly changing direction.
7. Not following the rules of your strategy.
8. Planning for a trade and then not taking it.
9. Not acting on your intuition.
10. Giving back recent gains due to overtrading or inconsistency.
We can learn a lot from the market, and from ourselves, if we would only listen.