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Thread: Trading Mistakes

  1. #25

    Join Date
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    Post Re: Trading Mistakes

    The biggest mistake, in my opinion, is not to have an exit point when there is a sytematic bear in place. Second biggest mistake is selling at the bottom.

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  3. #26

    Join Date
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    Default Re: Trading Mistakes

    The best psychology in my opinion is to apply the virtue of patience going in and going out...

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  5. #27

    Default Re: Trading Mistakes

    Not having a plan BEFORE you start a trade...
    Rules:
    - Trade what you see, not what you believe
    - Don't put stuff in your signature that a Mod doesn't like

    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

    Great Tools:
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  7. #28

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    59,047

    Default Re: Trading Mistakes

    Letting emotions steer your moves.
    10/18/2019
    CRUDE Oil =
    $53.78 -$.15

  8.  
  9. #29

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
    3,022

    Default Re: Trading Mistakes

    My most expensive mistakes have been to get overweight into equities too early 'after' a correction. I've done that a number of times.

    My most current mistake is to assume a correction is just around the corner.

    Kinda the same mistake, eh...
    Lookin' up at the 'G Fund'!!!

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  11. #30

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,942

    Default Re: Trading Mistakes

    Not starting soon enough!

    Not watching what is going on!

    Thinking I'm an expert!

    The other stuff is minutiae, but impacting.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  12.  
  13. #31

    Join Date
    Jul 2007
    Location
    Europe
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    Default Re: Trading Mistakes

    Letting the F-Fund pay you nickles, when the C-Fund is paying out quarters...

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  15. #32

    Join Date
    Jan 2010
    Location
    OKC area
    Posts
    211

    Default Re: Trading Mistakes

    Planning a future retirement date without a income plan to support the thought process ....... assuming funds from social security, TSP, & retirement funds will add up to support their mental retirement lifestyle!

    It's magic ..... the money will amazingly show up & support their dream state retirement lifestyle!

    (I deal with this type of mentality all the time amongst all generations in my organization)

    cheers
    Knowledge is very powerful for your future

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  17. #33

    Join Date
    Jun 2012
    Location
    Texas
    Posts
    1,640

    Default Re: Trading Mistakes


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  19. #34

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,786

    Default Re: mistake-free trading for me starts today

    Every investor seems to be their own worst enemy. I don't have the most experience, and am far from great at it, but I tend to do a lot better the less I look at the market.

    Early in my 'trading' days, I would fall into that trap of giving into fear and selling at the bottom / buying at the top. In the past few years, instead of TA I started to look more into the psychology of the market, and it really isn't rocket science. Buy when the market is fearful and sell when the market is euphoric. Ever since then I started making money instead of losing it.

    Stopped trying to make sense of the market based on news as well, I just look at price action. If the markets 'made sense', then the market moves would be predictable and everyone would be millionaires. It takes practice but the only rule of thumb I have is be brave when everyone else is afraid, and be cautious when the market is overly bullish. The stock market game is designed for average joe to get sucked into bad trades, so don't think like the average joe.
    I trade based on volume + price action. Price action alone only tells half the story.

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