TRENCHIQ / DATABASE_02

COMMON
MISTAKES.

01 / FOMO +

Entering primarily because price is moving instead of because predefined conditions were met.

02 / REVENGE TRADING +

Changing your normal process after a loss in an attempt to recover quickly.

03 / OVERSIZING +

Taking a position whose potential loss exceeds your predefined risk.

04 / CHASING +

Entering after a significant move without reassessing entry quality and risk.

05 / OVERTRADING +

Taking unnecessary trades simply to remain active.

06 / MOVING STOPS +

Moving a predefined stop farther away solely because price moved against the trade.

07 / NO EXIT PLAN +

Entering without deciding how gains, losses or invalidation will be handled.

08 / IGNORING LIQUIDITY +

Failing to account for liquidity, slippage and ability to exit.

Mistakes Database