7.5 sins of stock trading

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Common mistakes which traders make in the Stock Markets

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  • 1. Ravi Padmanabhan Wealth Coach 7.5 Sins that every trader must know Visit us at www.ravipadmanabhan.com
  • 2. SIN 1 Always wanting to trade Do you want to trade everytime you sit in front of the screen ? Do you feel left out when the stocks are moving up ? Do you feel uneasy when you hold cash in the ledger ? This is #1 mistake that every amateur trader doesVisit us at www.ravipadmanabhan.com
  • 3. SIN 2 Follows no system Do you have a system of entry, exit and a stop loss plan? Do you know the risk- reward for each trade? Do you know the position size for your trades? Do you have a plan B in place ? Trading without systems isVisit us at www.ravipadmanabhan.com
  • 4. SIN 3 Excess Leverage The average trader will not last in the market if he makes 5 trades as continuous losses in the markets. Remember, Leverage is a double edged sword, it can work for you and also work against you Visit us at www.ravipadmanabhan.com
  • 5. SIN 4 Switches techniques often Always remember that no technique is 100% successful and you need to have proven techniques If you follow a few stick to that till you master it Visit us at www.ravipadmanabhan.com
  • 6. SIN 5 Not willing to take a loss It does not matter if you lose money when trading It will shock if that even if you lose six trades out of ten you can still be a successful trader What matters is how much money you make when you are winning and how much you lose when you make a lossVisit us at www.ravipadmanabhan.com
  • 7. SIN 6 Wants to control the market If you are a trader who does not follow the market then you will end up being a big disaster. Markets are always supreme, you need to listen to the markets. Successful traders are those who learn to follow the markets and not predict it. Visit us at www.ravipadmanabhan.com
  • 8. SIN 7 Lack of Discipline The best of trading plans can go for a toss if a trader lacks discipline. The power of discipline is seldom felt when things are going good and is easiest to start but difficult to practice. Visit us at www.ravipadmanabhan.com
  • 9. SIN 7.5 Being Emotionless Money is neutral but people have emotions The reason why many people fail in spite of having all other things in place is because they mix emotions when trading The rules of trading are simple yet people cannot follow them as they get caught in emotions Visit us at www.ravipadmanabhan.com
  • 10. Keep in mind these sins so that you can avoid them and be on your way to become a successful trader Visit us at www.ravipadmanabhan.com