TRENCHIQ / DATABASE_02
COMMON
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.