1. Trading without any Trading Method:
Yes you do not know the market. You are predicting blindly. You do not know what the trend is. You don’t trade; you just gamble which most of the time leads to heavy and continuous loss.
2. You Don’t Count the Risk, You Count the Profit:
You always trade without counting the risk on amount you have invested. You should fix your loss and let the profit limitless. But in real life, by not managing the risk, you will never in the position to curtail down your loss.
3. You Just Believe the Analyst or Fraud Tips/Softwares Providers:
Will you carry a business that you don’t know anything about? Obviously you will not. Then why are you trading when you don’t know anything about the market? Then why are you trading at analyst’s call? Analyst is not a trader. An analyst can not understand the problems, feelings, emotions and greed of the trader. Ultimately their tip can lead you to the devastating loss.
4. You don’t Reinvest Your Profit in the Market, You take the Money Out:
This is the most common mistake done by every trader who is in the loss over the years. You run for profit booking and then take the money out.
