What is the biggest mistake you have made as a trader in stocks?
TRADINGFEATURED
"All you can do as a trader is know the stats behind your strategy and focus on executing"
You are not in control.
Did you spend hours doing your analysis?
Do you feel like it’s a great opportunity?
If you spend an hour doing your analysis, this can create the illusion that you have picked only winning trades.
Sure why would you pick a losing trade anyway?
The problem is the hours and hours of work you put in can create an emotional attachment to the trade idea. You should focus only on things you can control. And learn to accept what you can’t.
You are not in control but you sit there every weekend and put hours of work in trying to scout the next amazing opportunity. There is no problem with hard work. There is a problem with focusing on what you can’t control.
You don’t know when the next winning trade is coming.
You don’t know when the next losing trade is coming.
All you can do as a trader is know the stats behind your strategy and focus on executing.
Start focusing on things you can control.
Credit: Quora