Sunday, 4 April 2010

The minds of the traders


Do You Make These Mistakes When Trading in the Stock Market ?

Buying stocks that are pumped on message boards, spam emails and bogus hot stock tips ?

Trading and picking stocks like if you where gambling on a casino ?

Holding on to losing positions or letting small loses turn into larger losses ?

Turning a short term trading position into an long term investing decision ?

Buying stocks just because their “price is to low” or having a tendency to “catch falling knives“?

Averaging down ?

Trading with money you can’t afford to lose ?

Trading without a strategy that clarifies you when to buy and when to sell a stock, or in other words not having CLEAR buy and sell SIGNALS ?

Trading without understanding the best time to buy a certain stock?

Falling in love” with a stock, a company, a technology or a “story“ ?

Using to many technical indicators that can led you to information overload and cloud your trading decisions

Overtrading and Watching the stock market all day ?

Failure to control emotions ?

Lack of a trading plan and failure to follow the plan with discipline ?

And the list goes on and on and on…

http://www.momentumstockpick.com/

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