What are your most common mistakes? | Forex Factory

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What are your most common mistakes?

  • #1
  • First Post: Feb 15, 2012 2:56pm Feb 15, 2012 2:56pm
Hello

I have to confess that I do make stupid mistake and by writing them hope to stop doing again and again the same pattern.

1' Bad habit: I' m to greed. I'm profitable and probably afraid to take profit.
- Can I be satisfied with a reasonably gain????

2' Bad habit: Cut to short on profit I'm afraid to loose the little gain that I made and I close the trade prematurely. This goes again bad habit: 1.
- Need to be confident on my system. I got rules, just follow it

3' Bad habit: I bent my rules to fit what I want to see. I made up my mind on what the market should do and I bent my rule so I could take a trade.
- Rules are there to be followed

4' Bad habit: Trading outside determined hours. I got rules that said on witch time of the day I should and should not trade
- Just follow the rules please...

5' Other of lesser importance...

Overall: I'm just a bit below the brake even point. Witch, by itself is not too bad. But, But, But. I should be well in front if I had just followed my rules.

Any comments other than " hey man, just follow your rules" appreciated

Martin
  • #2
  • Feb 16, 2012 1:33am Feb 16, 2012 1:33am
I am not too much greed regarding profit but your all Bad habits are my weak point as well.
  • #3
  • Feb 16, 2012 12:50pm Feb 16, 2012 12:50pm
Quoting arjfca
Hello

I have to confess that I do make stupid mistake and by writing them hope to stop doing again and again the same pattern.

1' Bad habit: I' m to greed. I'm profitable and probably afraid to take profit.
- Can I be satisfied with a reasonably gain????
that is a good habit, not a bad one
Quoting arjfca
2' Bad habit: Cut to short on profit I'm afraid to loose the little gain that I made and I close the trade prematurely. This goes again bad habit: 1.
- Need to be confident on my system. I got rules, just follow it

3' Bad habit: I bent my rules to fit what I want to see. I made up my mind on what the market should do and I bent my rule so I could take a trade.
- Rules are there to be followed

4' Bad habit: Trading outside determined hours. I got rules that said on witch time of the day I should and should not trade
- Just follow...
What do you base your rules on? How do you know they are any good?

Quoting arjfca
Overall: I'm just a bit below the brake even point. Witch, by itself is not too bad. But, But, But. I should be well in front if I had just followed my rules.
I don't know where I read that, maybe in the market wizards book. Unprofitable traders will always claim they are at break even. Break-even traders will claim they are profitable. And profitable traders will say that trading is hard and nothing is certain.

Quoting arjfca
Any comments other than " hey man, just follow your rules" appreciated

Martin
Again, how do you know your rules will lead to profits in the long-term? Are they based on anything other than your beliefs about the markets?
  • #4
  • Feb 16, 2012 12:53pm Feb 16, 2012 12:53pm
Quoting Custos

I don't know where I read that, maybe in the market wizards book. Unprofitable traders will always claim they are at break even. Break-even traders will claim they are profitable. And profitable traders will say that trading is hard and nothing is certain.
Lol, thats a good one !
  • #5
  • Feb 25, 2012 2:57am Feb 25, 2012 2:57am
Quoting arjfca
Hello

I have to confess that I do make stupid mistake and by writing them hope to stop doing again and again the same pattern.

1' Bad habit: I' m to greed. I'm profitable and probably afraid to take profit.
- Can I be satisfied with a reasonably gain????

2' Bad habit: Cut to short on profit I'm afraid to loose the little gain that I made and I close the trade prematurely. This goes again bad habit: 1.
- Need to be confident on my system. I got rules, just follow it

3' Bad habit: I bent my rules to fit what I want to see. I...
Letting losses run and cutting profits short!
  • #6
  • Feb 25, 2012 3:25am Feb 25, 2012 3:25am
One more bad habit most of us have....cut short on profitable trades and wait too long on losing trades
  • #7
  • Last Post: Feb 25, 2012 5:58am Feb 25, 2012 5:58am
Quoting arjfca
Hello

I have to confess that I do make stupid mistake and by writing them hope to stop doing again and again the same pattern.

1' Bad habit: I' m to greed. I'm profitable and probably afraid to take profit.
- Can I be satisfied with a reasonably gain????

2' Bad habit: Cut to short on profit I'm afraid to loose the little gain that I made and I close the trade prematurely. This goes again bad habit: 1.
- Need to be confident on my system. I got rules, just follow it

3' Bad habit: I bent my rules to fit what I want to...
there is no accurate indicator,no accurate EAs,no accurate strategy,50=50 only chance to win in our prediction in trading market ,why traders cannot able to find accurate market trend? i think there is no way to find accuracy.am i right?
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