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Trading Mistakes & Tips for Profitability

The document discusses common mistakes traders make and things traders should do to become profitable. Some common mistakes include taking random trades without a plan, not having a loss plan, exiting trades before intended stop losses, and overtrading. Things traders should do include always planning trades before the day, keeping a trading journal, being ready with defined entry, target, and stop loss levels, selecting a small number of stocks to trade, avoiding news stocks for intraday trades, and always following a trading plan.

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Soumyaranjan Behera
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134 views5 pages

Trading Mistakes & Tips for Profitability

The document discusses common mistakes traders make and things traders should do to become profitable. Some common mistakes include taking random trades without a plan, not having a loss plan, exiting trades before intended stop losses, and overtrading. Things traders should do include always planning trades before the day, keeping a trading journal, being ready with defined entry, target, and stop loss levels, selecting a small number of stocks to trade, avoiding news stocks for intraday trades, and always following a trading plan.

Uploaded by

Soumyaranjan Behera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

@GaneshaTrader

THIS IS THE ANATOMY OF A CANDLESTICK


@GaneshaTrader
@ganeshatrader
@ganeshatrader
@GaneshaTrader
@ganeshatrader
@GaneshaTrader

COMMON MISTAKE TO AVOID AS TRADER


TO BE PROFITABLE

Not ready with a trading


plan before trading .

Taking random trades .

Not having a loss plan .

Not putting right


SL stoploss
( ).

Exist before StopLoss .

Wrong position sizing .

Risk reward is less than or


equal to 1 1
: .

Not holding winning trade


and fear of missing out .

OVERTRADING .
@GaneshaTrader
@ganeshatrader
THINGS TO DO FOR BECOMING
PROFITABLE TRADERS

Always plan your trade day


before trading .

Always write your trading


journal .

Always be ready with the


right entry level target and
- , ,

stop loss
- .

Always select a maximum


of 5 stocks and trade
maximum on 2 stocks only .

Always avoid stocks in the


news for Intraday .

ALWAYS FOLLOW YOUR


PLAN .

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