What are some of your biggest trading mistakes and what did you learn from them?

@Kiran_Divagar Some are cut out for scalping and some just cant scalp or day trade. Identify what works for you and improvise on it. Good luck!


Thanks a lot for the response @Karthik !! I could exactly relate to ending up over trading and blowing up account multiple times and finally left with loss of confidence and money. I was thinking that I was the only one who would make such drastic mistakes. Ur Answer gives me hope that I still can make it if I can truly look at what works for me and do that.


Definitely you can. All the best!

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#13 Buying in long term scrips with short term profits and later booking the losses in delivery trades to cover short term trading losses

This mistake has given me more losses than trading. It basically eroded good portion of what all I made in trading for last 2 years. When i made great trading profits in 2019, I felt I was invincible and invested almost all the profit I made in long term scrips (which were sound and did great later as well). But. as I was going through a temporary downcycle in my trading for couple of months, I had to forcibly cut my holdings to manage my trading and to pay other expenses. Still hurts to see the notional gains i would have made had i held on to those holdings.

Summary : The lesson that I learnt was to Never mix up holdings and short term trading. I decided to make a separate plan for holdings which will not have any direct connection with your short term trading.


Bhaisahab, ye kis line mein aa gaye aap.

#14 Taking in Too much information

Knowledge is not always power. All data is not good data. Just because you can understand the information, doesn’t necessarily means you can use it. But the unlearning is a necessary part of learning, so might as well.

In the first 2-3 years I used to stare at multiple monitors for almost the entire day minus whatever sleeping I did. Reading every book I could find, following every trader I could on twitter, Watching minute by minute charts ad nauseum. This is generally because when we are dropped in a system where we don’t or can’t control many variables we spam what we can and that gives us comfort. I still have a tendency to crunch an ugly amount of data and information. But now I catch myself doing it, and divert myself elsewhere.

But yes Markets have a beautiful way of teaching the Price of everything but the value of nothing.


#15 Free is better

I started trading lured by the zero brokerage Reliance Money trading account that came packaged with a zero balance ICICI account. I still hold the ICICI account. But I moved from RMoney to Indiabulls to Interactive Brokers to Zerodha in search of the right balance between user experience, execution reliability and cost. If one hopes to trade the markets well, free option may not be the best or better option.

Too much comparisons…

In search of perfection and accuracy I wreck head over
which instrument is the best…? Nifty, bank nifty, usd/ inr,
which is better option trading or futures trading?, which timeframe is the best? 1min, 5 min, 10 min or 15 min…?
Option buying is better or option selling?
Which trading session is better morning, mid afternoon, post afternoon?
Which broker is the best…? Zerodha, SAS online, Finvasia, fyers, navia market,upstox, sbi cap securities, asit c mehta, samco…( had acoounts with all):sweat_smile:
Which trading platform is the best…? Pi, kite, fyers one, tradingview…?
Which trade set up is the most accurate…? Breakouts, support resistance, reversals…
Spot chart or futures chart or options chart??
Which youtuber is the best to follow…?
(By the way according to traders from youtube the word ‘loss’ doesn’t exist in the stock market dictionary…:stuck_out_tongue_winking_eye:)

End result of these comparions was I wasted my precious time…
Had I just focused on my live trading instead of such comparisons, I would’ve started making money much early…:frowning_face_with_open_mouth: