i have seen according to my trading experience some common mistake we do always even after having major losses. why we cant come out from same mistake . i know same mistake not a mistake its a own choice but myself doing also. Thanks in Advance
generally beginners do some common mistake as like no practice account , low emotions control ability etc.
The most common mistake is many traders don't trade. They invest (ie they can only press the BUY button first). There are actually many investors in this elitetrader.com.
new traders get pumped from all the bros coming in hot with some cash and throw it in some rando stocks that seem legit only a few traders start off right, with guidance of an experienced trader and skip past the common mindset mistakes most of us go to internet to learn about trading and hit the "jackpot" of youtube pumpers promising lambo this weekend and bragging about "how i made 150k trading for one hour a day so right off the bat people get sucked into the wrong mindset and chase the money
The major trading mistakes I personally have experienced: 1. Overtrading 2. Double down on bad trades trying to make it back 3. Not taking losses on wrong trades 4. Revenge trading 5. Use big sizes/positions Unfortunately, I have done them all and many times over. Often you realize your mistakes but to consistently do it right is the hard part.