POLL: What is worst trading mistake you ever made?

Discussion in 'Educational Resources' started by rcanfiel, Oct 24, 2007.

POLL: What is worst trading mistake you ever made?

  1. Not having a stop in place

    14 vote(s)
    17.5%

  2. Not locking in a huge profit/Getting out too early

    7 vote(s)
    8.8%

  3. Getting into Trading in the first place!

    5 vote(s)
    6.3%

  4. Buying someone else's system/Learning from wrong person

    4 vote(s)
    5.0%

  5. Poor trading decisions early on/Not waiting until I knew more

    12 vote(s)
    15.0%

  6. Fouling up a trade entry/exit (wrong direction, wrong instrument, etc.)

    3 vote(s)
    3.8%

  7. Too much leverage

    14 vote(s)
    17.5%

  8. My choice of broker/broker error

    7 vote(s)
    8.8%

  9. Being undercapitalized

    7 vote(s)
    8.8%

  10. Listening/Not listening to advice of others

    7 vote(s)
    8.8%
  1. chalice

    chalice

    I've made many mistakes, but my worst mistake was doing some of the mistakes twice.;-))
     
    #21     Jan 4, 2008
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  2. tradetony938

    tradetony938

    Not having stops in place during the 2000 election. They could not decide if Gore or Bush was president. That was very painful.:( Thats learning the hard way.
     
    #22     Jan 4, 2008
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  3. forex-forex

    forex-forex

    Gaining $60,000 on GOOG options only to find out I placed the order through my demo account instead.:mad:
     
    #23     Jan 4, 2008
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  4. chrismontez

    chrismontez

    This post has been done before, look at the archives. But ... biggest move I ever missed - I was trading options fulltime on the Q's and TASR but thought MSO might be a good longer term play when it was at $8. Since I didn't normally trade it I bought 1 measly 10 sp LEAP on it for $50 and sold it 2 days later for $200 when the stock stalled at $10. Stock went to $40. Those $50 Leaps were worth $2950 each at expiration.
     
    #24     Jan 4, 2008
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