🌟🌟🌟To err is human, to forgive divine.  We have all been guilty of making trading mistakes in the course of our investment journey.

One of the most common trading mistakes is FOMO-ing into the Hype Train.  "Everyone is buying it!". That's great logic if you are chasing ice cream, but terrible for chasing meme stocks.  By the time you hear the buzz, the smart money has already cashed out and sipping cocktails.

Another common trading mistake is ignoring risk management.  No stop loss?  That is like skydiving without checking your parachute.  You might feel free, until gravity reminds you of reality.

Another mistake is falling in love with a stock.  It is not your soul mate, it is just a ticker symbol.  If it is tanking, don't write poetry.  Write an exit strategy.

I must confess that I have been guilty of making all the above mistakes and much more.  However I view these mistakes not as failures but lessons learnt to be  a better investor.

@Tiger_comments @TigerStars



# 10 Deadly Trading Mistakes! Have You Put Your Account in Danger?

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  • embraceit
    Β·10-03
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    I feel you. I have been there.
    True, you are now better at trading.
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    • koolgal:Β 
      We feel our losses more than our wins due to our natural negativity biases.
      10-04
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    • koolgal:Β 
      It is heart warming to know that 7 am not alone.
      10-04
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    • koolgal:Β 
      Thanks for sharing your experience.
      10-04
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