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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
没错，你现在更擅长交易了。