New Traders' Mistakes A Guide to get rid of Common Mistakes by Lalit Mohanty

By Mr. Lalit Prasad Mohanty

New Traders' Mistakes A Guide to get rid of Common Mistakes by Lalit Mohanty

Table of Contents

Chapter 1: The Rush to RichesUnderstanding the importance of patience and realistic expectations.Chapter 2: Ignoring the BasicsThe significance of a strong foundation in market fundamentals.Chapter 3: Overlooking Risk ManagementHow inadequate risk management can lead to devastating losses.Chapter 4: Chasing Trends BlindlyThe dangers of following market trends without proper analysis.Chapter 5: Emotional TradingManaging emotions and making decisions based on logic rather than fear or greed.Chapter 6: Lack of ResearchThe value of thorough research before making any trading decisions.Chapter 7: Neglecting Technical AnalysisThe role of technical analysis in identifying entry and exit points.Chapter 8: OvertradingThe pitfalls of excessive trading and its impact on long-term success.Chapter 9: No Trading PlanThe importance of a well-defined trading plan for consistent results.Chapter 10: Falling for HypeHow to distinguish between genuine opportunities and market hype.Chapter 11: FOMO (Fear of Missing Out)Overcoming the fear of missing out and making rational decisions.Chapter 12: Poor Record-KeepingThe necessity of maintaining detailed trading records for analysis.Chapter 13: Lack of Continuous LearningStaying updated with market trends and continuously improving skills.Chapter 14: Trading without DisciplineThe role of discipline in executing a trading plan consistently.Chapter 15: Inadequate Capital ManagementAllocating capital wisely to withstand market fluctuations.Chapter 16: Trading Against the TrendThe risks associated with going against prevailing market trends.Chapter 17: Ignoring Market SentimentIncorporating market sentiment analysis for better decision-making.Chapter 18: Dependence on Tips and RumorsRelying on verified information rather than market rumors.Chapter 19: Impulsive Decision-MakingAvoiding impulsive decisions that can lead to regrettable outcomes.Chapter 20: Disregarding Global EventsUnderstanding the impact of global events on financial markets.Chapter 21: Unchecked LeverageThe dangers of excessive leverage and its potential for huge losses.Chapter 22: Trading without a Safety NetThe importance of having an emergency fund for trading uncertainties.Chapter 23: Neglecting Personal Well-beingBalancing trading with physical and mental well-being.Chapter 24: Blindly Trusting ExpertsThe importance of critical thinking and independent analysis.Chapter 25: Staying ResilientDeveloping resilience to navigate the inevitable ups and downs of trading.

• Format: Paperback
• Language: English
• ISBN: B0CQYJM6DV
• ISBN13: 9798872937494
• Release Date: December 2023
• Publisher: Independently Published
• Length: 106 Pages
• Weight: 0.34 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"