What are the biggest mistakes a trader should avoid in stock trading?

Biggest mistake u can make is to ignore charts, TA, price action, call it what u will.

 

Okay the TA/PA Debate!!!

Reading, Candle Stick patterns is 100% BS!! generally that's PA, but Gavin is thinking that's also TA.

TA is also pretty poor to near useless to be fair, some people have ways of seeing the market, which are TA like, but not actual TA which work, I'm sure most would argue what ever Gavin does is TA annoyingly.

Trend/Momentum is key, fight it at your peril!!

 

Risking hard earned cash without an edge.

 

Bingo

 

A good trader can make money with candlestick pattern, a poor trader won't. A good trader will make money with TA, a bad trader won't. Ect ect. You people are to myopic and just because you can't do it doesn't mean a good trader can't.

 

What are the biggest mistakes a trader should avoid in stock trading?

Off the top of my head


Taking it all way..., way..., way..., too lightly


Jumping the gun - in all aspects / thinking they can somehow short circuit / circumvent doing the necessary work (which will take years and a few mkt cycles)

Thinking the normal world's rules for success apply

Looking outward..., instead of inward - for the ultimate answer

Underestimating the inherent risk / risks

Thinking a positive outcome makes them right..., whilst a negative one makes them wrong

Thinking someone else knows / acting like they do

Allowing emotions / ego / wants / desires to rule their decisions / actions

Attempting to avoid pain..., instead of de-energizing it



RN

 

The biggest mistake a new trader could make is 'Not reading Redneck's words of wisdom'.

If you ever have the time, I'll bet you could compile such a list that would be longer than your overalls! And maybe it could be ET's required reading for all new traders!

 

L2007

You are way too kind Sir


I do have a thought in mind - we'll see how it plays out


=============================

Overlooked a biggie


Woefully underestimating the level of discipline required.., and the consistently with which it must be applied - day in and day out..., trade over trade - in order to trade successfully



RN

 

Thats wrong, a good trader will find a way to make money despite the BS they believe in, doesnt mean they are using the BS they believe in.

 

interesting...