Day Trading Mistakes

"I want my money back:I commited some Day Trading Mistakes, now I've lost some money"

Are you kidding me? You want your money back from the market?

Stock market traders and stock market investors are a rare breed of individuals. They may come across as having a warped sense of entitlement when it comes to the stock market.

One of the most common mistakes that beginner stock market investors make is increasing their share size to make up loses that they have incurred.

It sounds logical; if you’ve lost $100, why not place a trade that, if it is profitable, will make you $200?


However, for some reason, when this is the thought pattern, we fail to look at the other side of the equation. Meaning, you could lose $200 in this trade as well.

Some traders, realize that the game of stock market trading is a long road of loses, wins and mistakes.

They bear these losses and mistakes with grace and realize that they have to
pay their dues and learn like all successful stock traders that came before them.

They focus on their trading plans and proceed on the right course to being consistent profitable traders. After about a
year of losing, finding and eradicating mistakes, they still haven’t made enough money to cover their time and investment.

They start getting frustrated. Naturally, we all want to see progress when attempting something new. We want to be able to chart our progress on a nice graph and see how far we have come.

Then one day, during the course of a frustrating trading day, an opportunity arises in the market. The trader finds the trade he has often dreamt of.

Instead of sticking to their trading plan, the trader wants to ‘capitalize’ on this wonderful opportunity.

He veers of course and piles in three times the shares that he would normally place in a trade.

Christmas has come early, or if you’ve stopped believing in the red suited man, you believe that the market gods are smiling down at you. What comes next is a feeling of success!

The feeling of having “arrived”. OHHHHH, we all love that warm fuzzy feeling of success.

Wait a minute, the trader has worked a whole year, sticking to and following their trading plan, why had he never experienced this wonderful feeling of success
when he stuck to the plan? Doubt begins to creep in, “perhaps sticking to the plan is not how this game is to be played?”

Unfortunately, the truth is, just like Santa Claus, there are no market gods. The next time the trader veers away from his trading plan, he loses a lot of money. That incident was an experience known as “borrowed money” scene.

The market loves to boast and will sometimes give you unearned money, in an attempt to, show its potential,
Entice you to become undisciplined? Whatever the reason, say thank you and pass up this opportunity, and don't fall into 1 of the most deadlist day trading mistakes many traders make.

When the trader was following his trading plan, the learning process was a lot slow; however, it was sure and sturdy.
When the trader veered off course,and commits avoidable day trading mistakes, the ride was exhilarating, but dangerous.

This is the kind of behavior traders engage in when they are frustrated and want their money back from the market.

They will risk a lot more shares than what their trading plan stipulates and they will have one or four lucky breaks, however, in the end the market demands its money back.

It only lets you keep the money once you’ve proven mastery,self discipline and have eliminated most of your day trading mistakes.

Always follow your trading plan. Stick to the share size that you have stipulated in your trading plan and patiently track your progress;
you are bound to be successful in the end. It might take you 2 years, and it might even take you 10 years, however long it takes you to make money, you will soon prevail and all those years of hard work will always pay off.

• Stock Market for Beginners:Risks Of Day Trading
Many stock market investors have an aversion to risk.So how can stock market beginners’ trade with limited or no risk at all in the market.


• Stock Market for Beginners: Half The Shares 2X the Stop
An over looked day trading mistakes that beginner stock market investors make is not taking into consideration their share size and how it effects their ability to stay in the stock for a longer period while the stock shakes out novice traders.


• The Price Stock Market Traders Pay For Education
This is a question that many beginner stock market traders and investors ask? So long will it take me to make money consistently in the stock market. The answer is always dependant on the individual’s psychological makeup.