Your success in trading is determined not only by techniques that increase the effectiveness of your trade, but also errors that you do not notice for yourself. Knowing these gross errors at times will increase the efficiency of your trading.
1. NON-SYSTEM, IMPULSIVE DECISION-MAKING.
Perhaps, one of the most common mistakes among beginners. There is nothing worse than trading at random. If you do not have the time or the desire to analyze the market, or you are not sure of your forecasts, it is better to stay out of the market. This will allow you to save both time and money. If you want to be a professional, do not skip to the "guessing" of transactions. Such traders always lose for long periods ..
2. NO MANI MANAGEMENT.
All your risks for the transaction must be calculated before the opening. The lack of an adequate mani system and management risk is a direct way to losing capital.
3. ABSENCE OF FAITH IN YOURSELF.
Trading is the sphere of activity where insecurity, lack of will and lack of character have not yet helped anyone.
4. THE BOTTLE TO OPEN THE TRANSACTION WHEN THE STRATEGY REQUIRES.
Choosing a strategy, you must go on it constantly, otherwise it will not work. A trader is a person who trades. If you see a situation on the market that meets the requirements of your strategy, open the position immediately, do not hesitate. Think over all the consequences in advance. When the situation occurs, just click on the buttons.
5. CHANGE OF STRATEGY.
It's stupid to suddenly change the strategy during a trade. It is better to think over the trading session after its end and test the changes made.
6. TRADE AGAINST TRENDS OF SHARES AND / OR MARKET IN THE WHOLE.
Do not buy when everyone sells, and do not sell when everyone buys. Do not try to run against the crowd. A growing stock will go up rather than fall, and the falling will continue to fall. The market, its participants, has a fairly strong inertia. Also, do not worry about buying when the whole market is falling. Often people simply take money out of the economy, closing entire portfolios. Regardless of the situation in individual companies. This is the way most pension or investment comes in. funds.
7. SPREADING ON MULTIPLE STRATEGIES.
In the event that you have just started trading and are inexperienced, do not immediately use a variety of different strategies. It is better to go deeper into one of them and start earning income.
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