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It's not the trade, it's the battle

Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves). This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time. Focus on the war – not the battle.

9 Common Trading Errors

1. Making trades with insufficient study and practice.

2. Making trades out of harmony with the general trend.

3. Taking a position too late after a move is well under way or is completed.

4. Taking a position too soon due to impatience.

5. Improperly estimating the distance a stock should move.

6. Letting eagerness to make profits warp judgment.

7. Failing to keep a position sheet and selecting stocks on hunches rather than calculations.

8. Buying on bulges instead of waiting on reactions.

9. Failing to place and move stops.

Technically Yours/ASR TEAM

It's not the trade, it's the battle.

Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves). This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time. Focus on the war – not the battle.

It's not the trade, it's the battle.

Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves). This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time. Focus on the war – not the battle.

10 Common Trading Errors

1. Making trades with insufficient study and practice.

2. Making trades out of harmony with the general trend.

3. Taking a position too late after a move is well under way or is completed.

4. Taking a position too soon due to impatience.

5. Improperly estimating the distance a stock should move.

6. Letting eagerness to make profits warp judgment.

7. Failing to keep a position sheet and selecting stocks on hunches rather than calculations.

8. Buying on bulges instead of waiting on reactions.

9. Failing to place and move stops.

10.  Listening to advice from brokers, Blue Channels,, friends, or Website Analysts

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