what is the biggest mistake you make as a trader?
follow up; what are you doing to correct this mistake?
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I'll take profits too soon sometimes, but I'm getting better about leaving some
on the table.
Also, I'll not cut a loss fast enough, and wait for it to come back.
went short the spoos about 1 minute before the surprise rate cut in 1998
I used to let proffits ride too far...not anymore......tightened disapline a
long time ago..ya never go broke locking in a profit.
Like most people, buying too much too early. I also tend to be streaky and I
let it affect me too much. Really wish I knew how it control this more
effectly, but I'm trying.
1 months ago - Report Abuse
not giving myself enough wiggle room in stops for day-trades. To remediate: set
the stop just outside the 5 minute bar day chart where movement clearly indicate
the resistance is broken
1 months ago - Report Abuse
buying new positions on up days....that's a no no and i should know better than
to do it.
Ryan, I jump the gun...I hear certain facts in another company and I go
alright...I know this is going to help or hurt another company...I jump
in...alone...no one else sees it that way, ouch, or it takes a long time for
someone to notice (like when they report). To fix it, working on it, but
look...I am jumping up and down already jumping into ASCO plays before the news
even hits..so maybe I will have have to suffer more pain until I wait patience.
BTW great question. Nymph
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