Mistakesintrading — Trading Ideas on TradingView

Fighting Emotions: Overcoming Greed and Fear in the Market There are moments in life that remain etched in memory forever, dividing it into "before" and "after." For me, that pivotal moment was the fateful day I lost an enormous sum of money—enough to live comfortably for 3–5 years. This loss was not just a financial blow but a deep personal crisis, through which I found the true meaning of trading and life. When I first embarked on the trading path, success came quickly. My initial trades were profitable, charts followed my forecasts, and my account grew at an incredible pace. Greed subtly crept into my heart, whispering, "Raise the stakes, take more risks—the world is yours." I succumbed to these temptations, ignoring risks and warnings. It felt as if this success would last forever. But the market is a force of nature that doesn’t tolerate overconfidence. On what seemed like an ordinary day, everything changed. Unexpected news rocked the market, and my positions quickly went into the red. Panic consumed me, and instead of stopping and accepting the losses, I decided to recover them. That mistake cost me everything. In just a few hours, I lost an amount that could have secured my life for years. I stared at the screen, unable to believe my eyes. My heart was crushed with pain and despair. In that moment, I realized that greed had brought me to the brink of ruin. After that crash, I was left in an emotional void. Fear became my constant companion. I was afraid to open new positions, afraid even to look at the charts. Every thought about trading filled me with anxiety and regret. I began doubting myself, my abilities, and my chosen path. But it was in that silence that I started asking myself important questions: How did I end up here? What was driving me? I realized that greed and a lack of discipline were the reasons for my downfall. Understanding my mistakes, I decided not to give up. I knew I had to change my approach not just to trading but to life as well. I began studying risk management, trading psychology, reading books, and talking to experienced traders. Key Lessons I Learned: Acceptance of Responsibility : I stopped blaming the market or external circumstances and took full responsibility for my decisions. Establishing Clear Rules : I developed a strict trading plan with clear entry and exit criteria. Emotional Control : I began practicing meditation and relaxation techniques to manage my emotions. Gradually, I returned to the market, but with a new mindset. Trading was no longer a gambling game for me. I learned to accept losses as part of the process, focusing on long-term stability rather than quick profits. Risk Diversification : I spread my capital across different instruments and strategies. Continuous Learning : I invested time in improving my skills and studying new analytical methods. Community and Support : I found like-minded people with whom I could share experiences and get advice. That day when I lost everything became the most valuable lesson of my life. I realized that true value lies not in the amount of money in your account but in the wisdom and experience you gain. Greed and fear will always be with us, but we can manage them if we stay mindful and disciplined. Takeaways for Traders : Don’t Let Greed Cloud You r Judgment: Set realistic goals and celebrate every step forward. Fear is a Signal : Use it as an opportunity to reassess your actions and strengthen your strategy. Risk Management is Your Best Friend : Always control risks and protect your capital. My journey was filled with pain and suffering, but it was these hardships that made me stronger and wiser. If you are going through difficult times or standing at a crossroads, remember: every failure is an opportunity to start over, armed with experience and knowledge. Don’t give up. Invest in yourself, learn from your mistakes, and move forward with confidence. Let your path be challenging, for it is through overcoming obstacles that we achieve true success and inner harmony. Your success begins with you. If you enjoyed this story, send it a rocket 🚀 and follow to help us build our trading community together.

Common Mistakes to Avoid in Trading Common Mistakes to Avoid in Trading You have probably heard that trading is risky and that traders often make silly mistakes. At FXOpen, we know that many questions arise during trading regardless of your level of experience. In this article, we will discuss the common trading mistakes that you might make even if you have been in the markets for a long time. 1. Not Using a Trading Plan or a Trading Journal Trading without a trading plan can lead to haphazard decision-making and a lack of accountability. You can consider using a trading plan to make decisions about entering and exiting trades. A trading journal could help you track your win/loss rate and learn from your mistakes. It helps identify patterns and adjust strategies. These tools are essential for long-term success. 2. Emotional Trading Emotional trading is driven by impulsive decisions based on fear and greed. Without logic and analysis, traders are more likely to make mistakes and take unnecessary risks. A trader driven by fear may exit a trade early, missing out on potential profits, while a trader driven by greed may hold a losing trade for too long. It’s important to always remain calm and rational. 3. Guessing Guessing is one of the trading mistakes to avoid. It’s based on speculation and assumptions rather than analysis and research. Traders who guess may get lucky, but they are more likely to lose money over time. Trading requires deep analysis of markets, economic indicators, and news events, it’s not a guessing game. It may be more effective to rely on data-driven strategies to achieve long-term profitability. 4. Not Using Risk and Money Management Tools Special tools for trading help manage risk and preserve capital. Risk management instruments such as stop loss, limit orders, and position sizing help traders limit their losses and protect their profits. In turn, money management tools like risk/reward ratios, diversification, and leverage control help optimise returns while minimising risk. It might be a good idea to use both types of tools. 5. Taking Too Many Positions Taking too many positions is risky because it increases exposure to market volatility and unpredictability. In these cases, it becomes hard to effectively manage each trade. Having too many positions can lead to over-trading, where trades are made without a clear plan. The theory states that it’s better to use fewer positions to maintain control over the situation. 6. Overleveraging Overleveraging refers to borrowing too much money from a broker, which results in larger losses if you fail. To avoid excessive leverage, traders should establish strict risk management rules and follow them. You may consider using leverage if you fully understand the risks involved, but it’s not advisable to borrow more than you can afford to lose. 7. Revenge Trading Revenge trading is trading after a failure in an attempt to compensate for losses by taking risks and making impulsive trades. It’s often accompanied by anger and frustration. To avoid this, many traders take a break and step away from the market. The best way to handle this is to identify what went wrong and how to improve the situation. Don’t let emotions cloud your judgement. 8. Forgetting About Investment Time Horizons An investment time horizon is the length of time you plan to hold a trade open. If you are aiming for the long term, you can afford to take more risk and trade assets that may yield higher returns over time. Still, in this case, you will need more capital to afford price fluctuations. But if you are focused on the short term, you will need to think about price volatility and fees, which will be higher if you open many trades. 9. Following the Crowd Following the crowd leads to making decisions based on other people’s opinions rather than sound financial analysis. It can be tempting to buy or sell based on the latest news, which can lead to buying high and selling low. Usually, the crowd doesn’t have the same investment goals and risk tolerance as you do, so their decisions may not suit you. Explore the potential options yourself. 10. Incorrect Hedging and Diversification Strategies Hedging and diversification help manage risk, but they must be used correctly. Hedging can help limit downside risk, but it can also limit potential gains. Diversification helps reduce the risks to a portfolio, but it doesn’t guarantee profits or protect against losses. Use both mindfully. Trade on our TickTrader platform and use modern trading tools to achieve the best results. Explore our website to learn more. How Do You Overcome Trading Mistakes? Trading mistakes vary significantly and require different approaches, but here are some general techniques you may want to use: - Analyse entry and exit points, market conditions, and other factors that may have caused the error. - Try to understand what could have been done differently and how to avoid similar mistakes in the future. - Consider changing your approach to risk management and re-evaluate your overall trading plan. - If you are struggling to overcome a mistake, learn how other traders dealt with it. Trading mistakes are inevitable, but what matters is how you deal with them. If you are ready to start trading, you can open an FXOpen account. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

I'm correcting errors mid-week I decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward portfolio. This video will be watched back 2-3 times by myself as I learn more about the market from "teaching" it. I'll also be posting more videos regarding pre analysis, leading up the decision to take the trade.

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Common trading mistakes to avoid as a trader ❌ For new market traders, review these common trading mistakes so you can avoid emotional blunders with your investments and take advantage of psychological edges. The mechanics of trading are relatively simple. A click or two gets you into a trade, and a click or two gets you out. But the decision-making process behind those clicks is much more complex. And with complexity comes more opportunities to make mistakes that can affect your bottom line. Here are seven common mistakes that traders—both new and experienced—sometimes make. 1️⃣Mistake 1: Emotional trading/psychological trading Trading can bring out the best and the worst in us. For a trader, nothing is more frustrating than opening a long position and seeing the market drop, bringing the value of your long position to levels well below the price you bought it. The same can be said about missing out on a move in a stock that's been on your radar for a while. Anger, fear, and anxiety can lead traders to make quick and even irrational emotion-based decisions. The reality is that markets are cyclical, moving through ups and downs. Trading decisions based on emotions may not always give the results you want. Instead, take a step back and think through the situation logically. Every situation is different, and instead of buying or selling in a panic, think about how you can best manage risk. 2️⃣Mistake 2: Pulling stop orders When a position hits a stop order, it can often mean you're going to take a loss on it. Pulling—or canceling—a stop is often a subliminal attempt to avoid admitting you were wrong. After all, as long as the position is open, there's still a chance it could come back and be profitable. The problem is every 50% loss starts with a 5% loss. It's not magic; it's just math. And it only takes one small loss that turns into a big one to make a big dent in a portfolio. Losing is no fun, but it's part of trading. Being disciplined about managing stop orders may help you come back and trade another day. 3️⃣Mistake 3: Trading without a plan Trading plans should act as a blueprint during your time on the markets. They should contain a strategy, time commitments and the amount of capital that you are willing to invest. After a bad day on the markets, traders could be tempted to scrap their plan. This is a mistake, because a trading plan should be the foundation for any new position. A bad trading day doesn’t mean that a plan is flawed, it simply means that the markets weren’t moving in the anticipated direction during that particular time period. Every trader makes mistakes, and the examples covered in this article don’t need to be the end of your trading. However, they should be taken as opportunities to learn what works and what doesn’t work for you. The main points to remember are that you should make a trading plan based on your own analysis, and stick to it to prevent emotions from clouding your decision-making. Hey traders, let me know what subject do you want to dive in in the next post?