what are the two worst things a trader can do?

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Good points SKY Chief; not every long goes to the sky, or every short as LEH, DAL, GM . NOT a prediction or a bet. LOL.

 

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Good advice usually.
Two exceptions. [1]If its hits your signal, like IBD notes ,do not quibble over a quarter +miss the move.Updated version says ''or decimal equiv...'' Prefer the older one .LOL

[2] IF the woman is a proved trusted, attractive friend; discretion may suggest some sort of good move.NOT a prediction or a suggestion a turtle type makes a rabbit chase move LOL. I do not consider a kind warning like ''never require a man to read your mind'' a chase; its a wise warning against dumb drama .......

 

Having a shit while the market is moving fast in the opposite direction to your positions.

Arguing with the Trolls of ET Instead of being more productive with your time.

 

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I've said the same, dealmaker; except i noted it= dont confuse a high probability with infallibility [ prediction] .NOT a predicition or a bet/gamble LOL

 

I would say being unhedged, or having no backup safety plan,

And relying on rational thought to stick with a trade ...those two things will make your acct slowly, or quickly, dissipate;

I always say it...Trading is part art, part science -- each new day in the market is a unique ratio between those two,
It takes a skilled trader to realize what's happening and unfolding in real-time in the daily market DOW/SPY/SPX chart,

I personally like to refer to the daily market chart as the Macro Micro, because they're both the same thing in essence...a Micro timescale, but the Macro trend(s)

 

1. FOMO/Loss Aversion.
2. Need to be right.

 

what are the two worst things a trader can do?

1. Never take a laxative just before the market opens.

2. Never take Viagra just before the market opens.

Never take Viagra and a laxative together. You won't
know if you're coming or going.

 

1. not do anything
2. do too much

 

1) Think that you actually know something
2) Thank that somebody else actually knows something

 

1) no hedging - stop loss isn't an optimal hedging. People who use stop loss can only make break-even at best. When you hedge price risk, it means your position is 'safe' regardless of price fluctuation. So definitely stop loss is not a hedging because when price hit it, you position will be closed automatically.

2) trade against the trend - you go against the trend and you blow up your account