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9 Deadly Trading Mistakes - Business - Nairaland

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9 Deadly Trading Mistakes by Jummy4real(f): 12:37pm On Jun 02, 2008
The following are a list of nine things you want to avoid at all costs. Anyone of them can literally destroy your financial dreams and goals!

1. Trading with money you can’t afford to lose.[/b]

2. The need to be “certain”.

3. Spending profits before you make them.

4. Forming an opinion.

5. Three 4-letter words that will kill you! HOPE—WISH—PRAY

6. Not sticking to your plan

7. Not knowing how to get out of a losing trade.

8. Having an ego.

9. Falling in love with a stock or trade.

I can’t emphasize enough the importance of the principles in this article. Whether you are a position trader, swing trader or day trader, these principles can help you avoid some costly and painful financial mistakes. As they say, smart people learn from their mistakes and brilliant people learn from the mistakes of others.

For full details check my personal blog http://myfuturesmiles..com/

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