Friday, November 25, 2011

COMMON MISTAKES IN TRADING



$$$ COMMON MISTAKES IN TRADING !!!

  • Trading for excitement & thrill and trading with a high ego.
  • Trading with money that can't afford to loose & being too emotional about money.
  • No trading plan and lack of record keeping.
  • Not cutting losses and not letting profits run.
  • Letting small losses turn into large losses.
  • Not sticking to plans & changing strategies.
  • Bottom fishing/catching falling knives.
  • Fighting the trend - shorting bulls and buying bears.
 
 

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