TRADING MISTAKES!!!
http://www.decisionpoint.com/TAcourse/TradeMistakes.html
Summarising, they are
-- Letting small losses turn into large losses.
-- Refusing to take a loss at all.
-- Overbetting.
-- Bottom fishing/Catching falling knives.
-- Averaging down.
-- Shorting bulls and buying bears.
-- Confusing the company with its stock.
-- Falling in love with a "story."
-- Following the leader.
-- Buying IPOs.
-- Finding the Holy Grail.
-- Overtrading.
-- Excessive tape watching.
-- Being undercapitalized.
-- Letting the tax tail wag the stock dog.
-- Relying on gurus.
-- Thinking this market stuff is easy.
-- Thinking rather than looking.
.
Note to myself
DONT TRADE IMPULSIVELY, STUPID!
DISCIPLINE! DISCIPLINE! DISCIPLINE!!!
DISCIPLINE! DISCIPLINE! DISCIPLINE!!!
Disclaimer
All contents here are meant for the writer and the writer only. Any information gained here that led to personal loss in stock markets have nothing to do with the writer what-so-ever.
(However, if you earn money in stock market using the information here, you are obliged to treat the writer to a sumptuous meal. =)
Btw, since the writer just writes whatever he read into the blog, the blog is in one BIG mess. It is recommended for newcomers to read the articles in IW's Stock Trading Guide (sidebar) in order.
Good Luck! =)
(However, if you earn money in stock market using the information here, you are obliged to treat the writer to a sumptuous meal. =)
Btw, since the writer just writes whatever he read into the blog, the blog is in one BIG mess. It is recommended for newcomers to read the articles in IW's Stock Trading Guide (sidebar) in order.
Good Luck! =)
Saturday, October 18, 2008
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