What has been your biggest mistake when trading? Your learning from it?

it happened with me many times then…now i keep my cell phone charged and backup internet voucher, when electricity goes down in my area i close my positions from mobile :slight_smile:

Ya now you can close your position using mobile phones but before 2 or 3 years we don.t have technology to trade using mobile phone . But now I have 2 CPU 2 laptop and a inverter for backups

congrats bro.

Congratulations bhai…keep it up

Thank you Dipak & Shankar. :slight_smile:
I would appreciate if you follow my blog www.alphadesire.com.

Dude, congrats !!

This one sentence is most important of all “I simply ignore to what the market guru’s in the Business Channels have to say about the market sentiment.” thiese words can save many traders and investors!!!

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what is channel movement?

Where is contest ??

My biggest mistake is , I never repeat same thing every time.

trading in options for small gains is the very dangerous one as if the market move quickly you will loss all your money

Point No. 3 is very important.

These are my learnings from intraday trading experience:
https://www.elitetrader.com/et/threads/moment-by-moment-mbm-trading-strategy.310899/

There is no doubt that commodity trading is fulfilled with risks, but there are various opportunity to make good profits too. This is an area where a small amount of capital can provide significant returns but there are some mistakes because of which newbies of the stock market, as well as experienced, lose significant money in the market. Over trading is commonly done by some investors to gain more profit but it leads them to excessive commission and it reduces their long-term profit too. Thus limit your position because you will surely have to pay brokerage on every trade and the greater the number of trades, the greater amount you will have to pay as commission. So, avoid such mistakes, plan your trade as well as your enter and exit time also. You can also seek the help of advisor but make sure they should be sebi registered investment advisor because of an uncertified advisor may be a fraud.Traders get trading tips just like commodity tips, gold and silver tips and other tips in order to take the right decision and avoid loss.The biggest mistake is not having a good money management skill.

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I am a new kid on the block. However, the lessons that i learned quite quickly are-
(1) Never GAMBLE. Never enter a trade which is not according to some strategy. Don’t jump into the game just because your heart says so.
(2) Never try to average a losing trade.

My biggest mistake was following others strategies when I should have created my own.Also not keeping track of my trade past experiences.Biggest mistake I ever make is deviation from my strategy which costs me the trade.Controling emotions and staying calm is very key for a successful trader.

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I think every beginner makes while trading is missing out the basics and not having enough knowledge. So my learning and advice to all the novice traders would be not to go fast and be clear with basics of stock market first.

For learning, there are enormous of study material available online. Here are some of them -

  1. Take help of stock market courses
  2. Videos
  3. Free E-books
  4. Learn via stock learning app
  5. Webinars

I m in very big loss reason are not closing trade and averaging trade .
Could you tell me more about your algorithm and coding. I mean site from whr I can capture latest price of stocks…thnx