Jim Wyckoff van RealMoney.com heeft als voornemen om de 10, naar zijn mening, meest voorkomende fouten van traders te voorkomen. Ik denk dat we elke fout wel eens in een bepaalde variant hebben gemaakt, maar het kan geen kwaad je nog eens te richten op de risico’s en valkuilen. De lijst is in willekeurige volgorde:

1. Failure to have a trading plan in place before a trade is executed. Without a specific plan, a trader does not know, among other things, when or where he will exit the trade or how much money may be made or lost.

2. Inadequate trading assets or improper money management. It does not take a fortune to trade the stock or futures markets successfully. Traders with less than $10,000 in their trading accounts can and do trade successfully. And traders with $50,000 or more in their trading accounts can and do lose it all in a heartbeat. Part of trading success boils down to proper money management and not gunning for those high-risk “home-run” type trades that involve too much capital at one time.

3. Expectations that are too high, too soon. It takes hard work and perseverance to achieve success in any field of endeavor — and trading is no different. Trading markets is not the easy, “get-rich-quick” scheme that a few unsavory characters make it out to be.

4. Failure to use protective stops. Protective stops are a good money-management tool, but they’re not perfect.

5. Lack of “patience” and “discipline”. The market will do what the market wants to do — and nobody can force the market’s hand.

6. Trading against the trend — or trying to pick tops and bottoms in markets. It’s human nature to want to buy low and sell high (or sell high and buy low for short-side traders).

7. Letting losing positions ride too long. Most successful traders will not sit on a losing position for very long. They’ll set a tight protective stop, and if it’s hit, they’ll take their losses (usually minimal), then move on to the next potential setup. Traders who sit on a losing trade “hoping” the market will soon turn in their favor are usually doomed.

8. “Overtrading”. Trading too many markets at one time is a mistake — especially if you are racking up losses. If losses are piling up, it’s time to cut back on trading, even though the temptation is to make more trades to recover the recently lost assets.

9. Failure to accept complete responsibility for your actions. You are responsible for your own success or failure in trading. You make the decisions. If you feel you are not in firm control of your own trading, then why do you feel that way? You should make immediate changes that put you in firm control of your own trading destiny.

10. Not getting a bigger-picture perspective on a market. It is prudent to examine longer-term charts for that bigger-picture perspective when contemplating a trade.

Ik denk dat vooral punt 9, het nemen van je eigen verantwoordelijkheid, één van de belangrijkste is. Zonder je verantwoordelijkheid nemen zul je niet iets leren van je fouten, en dat is toch essentieel bij beleggen en traden.

BRON: Jim Wyckoff - New Year’s Resolution: Avoid Traders’ Top 10 Mistakes.

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