5 Trading mistakes that can cost you Thousands and Lakhs.
A thread 🧵
A thread 🧵
1. Trying to buy bottoms and selling tops
'Squeezing the last drop of profit is the sure recipe to get rekt'
Don't try to buy oversold stocks and sell overbought stocks.
you will end up making losses
In trading, momentum is our friend, Try to be in the direction of the trend.
'Squeezing the last drop of profit is the sure recipe to get rekt'
Don't try to buy oversold stocks and sell overbought stocks.
you will end up making losses
In trading, momentum is our friend, Try to be in the direction of the trend.
2. Not having a proper trading plan
Trading without plan or system is risky.
Your system won't work all the time and you should not distrust it with just few failures.
You should have trust on your system.
Without a proper system, you won't sustain for long term.
Trading without plan or system is risky.
Your system won't work all the time and you should not distrust it with just few failures.
You should have trust on your system.
Without a proper system, you won't sustain for long term.
3. Trying to trade news and rumors -
This is the best recipe to get rekt as early asap.
I remember once i bought #Idea on some news and the next day it tumbled as hell as the news was fake.
trading on rumors without proper risk management will surely incur losses.
Avoid it
This is the best recipe to get rekt as early asap.
I remember once i bought #Idea on some news and the next day it tumbled as hell as the news was fake.
trading on rumors without proper risk management will surely incur losses.
Avoid it
4. Making bigger bets after winning or losing big
This is a common practice that almost every newbie does.
After making a big profit, we get overconfident and make aggressive bets the next day which leads to a bigger loss.
Remember- You are here for business and not for Bet
This is a common practice that almost every newbie does.
After making a big profit, we get overconfident and make aggressive bets the next day which leads to a bigger loss.
Remember- You are here for business and not for Bet
5. Repeating the same mistakes again and again
We have a habit of learning trading lessons the hard way and slowly.
Common mistakes like position sizing, over trading, Gut trading, holding losing trades, and not putting stoploss get repeated again and again.
Don't do this.
We have a habit of learning trading lessons the hard way and slowly.
Common mistakes like position sizing, over trading, Gut trading, holding losing trades, and not putting stoploss get repeated again and again.
Don't do this.
I am gonna put a Thread on how to build your own system counter these mistakes.
how many of you are interested?
how many of you are interested?
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