Spaf
Honorary Hall of Fame Member
A DOZEN OR SO WORST TRADING MISTAKES RE: Trading (Griffis/Epstein)
1. BOTTOM FISHING....A great way to lose a bucket of money. Stay out of trading ranges, wait until stocks break out.
2. TOP TIMING....Investors get exuberant. Use a indicator to signal overbought conditions.
3. TRADING AGAINST THE TREND.... Confirm the trend. Use both daily and weekly charts.
4. DON'T WING IT.... Use a strategy. Plan. Use signals. When in doubt close.
5. TAKING IT PERSONAL.... The market isn't after you; it's after your money.
6. DON'T FALL IN LOVE WITH A STOCK.... Your stocks don't love you back.
7. AFTER-HOUR ORDERS.... Bad fills are sure to result. Trade at the time, not before.
8. CHASING A TREND.... If you miss a breakout. Wait for the first pull back or breather.
9. DON'T AVERAGE DOWN.... This is a technique to throw good money after bad.
10. IGNORING YOUR STOPS.... Giving it a little more room is a path to a debacle.
11. NOT DIVERSIFYING.... Don't buy one egg, and don't buy to many.
12. DON'T ENDURE LARGE LOSSES.... You can make up small losses. Large losses can be a disaster.
1. BOTTOM FISHING....A great way to lose a bucket of money. Stay out of trading ranges, wait until stocks break out.
2. TOP TIMING....Investors get exuberant. Use a indicator to signal overbought conditions.
3. TRADING AGAINST THE TREND.... Confirm the trend. Use both daily and weekly charts.
4. DON'T WING IT.... Use a strategy. Plan. Use signals. When in doubt close.
5. TAKING IT PERSONAL.... The market isn't after you; it's after your money.
6. DON'T FALL IN LOVE WITH A STOCK.... Your stocks don't love you back.
7. AFTER-HOUR ORDERS.... Bad fills are sure to result. Trade at the time, not before.
8. CHASING A TREND.... If you miss a breakout. Wait for the first pull back or breather.
9. DON'T AVERAGE DOWN.... This is a technique to throw good money after bad.
10. IGNORING YOUR STOPS.... Giving it a little more room is a path to a debacle.
11. NOT DIVERSIFYING.... Don't buy one egg, and don't buy to many.
12. DON'T ENDURE LARGE LOSSES.... You can make up small losses. Large losses can be a disaster.
