1: Hold onto losers and cut winners
2: Confuse stock with its company– keep pets
3. No trading plan– random exits and entries
4. No idea how important position sizing is
5. No risk management (daily/weekly/monthly loss cap)
6. Over trading
7. Revenge trading
8 Immobilized even when Mr. opportunity knocks on the door(fear)
9. Push for performance(greed)
10. Look for the magic indicators(Holy Grail)
Extremely hard work and a few solid trading books are what you need to become a successful trader. There is no shortcut! By the way, you can always check out my portfolio, in which I post my trades real time.
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