List of Top 10 Trader Mistakes
- Failure to have a trading plan in place before a trade is executed.
- Inadequate trading assets or improper money management.
- Expectations that are too high, too soon.
- Failure to use protective stops.
- Lack of “patience” and “discipline.”
- Trading against the trend–or trying to pick tops and bottoms in markets.
- Letting losing positions ride too long.
- “Over-trading.”
- Failure to accept complete responsibility for your own actions.
- Not getting a bigger-picture perspective on a market.
