Remember, MARKET IS ALWAYS RIGHT. If you are caught up in the expectation of what it will do: I am right, the market is wrong will definitely kill your portfolio.
- Refusing to define a loss
- Not liquidating a losing trade, after you acknowledge the trade’s potential is greatly diminished.
-Being stubborn about a specific opinion or belief about market direction. - Focusing too much on price and the monetary value of a trade. Look into the potential for the market to move based on its behavior and structure.
- Revenge trading. This is an odd thing for me, however, everytime I become emotional and start gambling to get the lost money back without making any plan, it tends to lose most of the time.
- Hesitation of not reversing my position
- Not following the rules of the trading system
- Hesitation of not conducting your plan because of the feeling that convinces you to against it even though there are profits to make. This would cause to lose opportunities for profits.
- Not acting on your instincts or intuition
- A consistent winning trades over a period of time but giving it back to the market in one or two trades because of the big loss.