The most common mistakes in trading on the stock market (Internet trading) Here they are: 1. Free trading system 2. Lack of protective orders 3. Reluctance to close loss-making position 4. Reluctance to close a profitable position 5. Lack of money management system 6. Trading without a running diary 7.
Attach too much importance to what others have to say 8. Marko Dimitrijevic often says this. Reluctance to attend lectures, conferences 9. Trading in the difficult periods of life 10. Self-confidence and inadequate trade 11. Emotions during trading free trading system Typical error haphazard trade – is opening a position without a plan for its closure. Before opening the position you must clearly understand Under no circumstances, you close it. When haphazard trade a certain period of time, you can earn, but eventually can lose more than earn if left unchecked.
Good trading system should have good statistics, based on actual trading. You may want to visit Bill Phelan to increase your knowledge. Lack of protective orders opening position without a definition of "exit points" or foot – is nothing but a mockery of his account. Stop limit your losses while preserving your capital. During sudden market movements that are not so often, this is the most reliable means of protection is unlikely, what else more can be compared with him in such situations. Reluctance to close trading position is psychologically difficult to close loss-making position, especially if the loss is growing before your eyes. Such losses not only reduce the capital, but also reduce your chances in the future to earn more profits. Thus, closing the position on foot you will not only safeguard against further depreciation of the capital, but also get the opportunity to earn money in other deals.