Post
Topic
Board Trading Discussion
Re: Common Errors of Trading
by
charlotte04
on 08/09/2018, 18:47:39 UTC
Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.

1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.

2. Never using a Stop

3. Not having a plan (Risk/Entry/Exit/Stop)

4. Not sticking to your plan

5. Greed — risking too much/not taking profit

6. Being too emotional about a trade.

Plug these equity drains & increase your odds of being profitable.
 You could add to the list and make better trades


All of this statement is correct. But I want to add my personal mistake in trading and that is by trading against the trend. I always lose because of that and I intend to change it.