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

Mohanty, Mr. Lalit Prasad

Softcover

ISBN 13: 9798872937494

Publisher: Independently published, 2023

Synopsis

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

Table of Contents

Chapter 1: The Rush to Riches

• Understanding the importance of patience and realistic expectations.

Chapter 2: Ignoring the Basics

• The significance of a strong foundation in market fundamentals.

Chapter 3: Overlooking Risk Management

• How inadequate risk management can lead to devastating losses.

Chapter 4: Chasing Trends Blindly

• The dangers of following market trends without proper analysis.

Chapter 5: Emotional Trading

• Managing emotions and making decisions based on logic rather than fear or greed.

Chapter 6: Lack of Research

• The value of thorough research before making any trading decisions.

Chapter 7: Neglecting Technical Analysis

• The role of technical analysis in identifying entry and exit points.

Chapter 8: Overtrading

• The pitfalls of excessive trading and its impact on long-term success.

Chapter 9: No Trading Plan

• The importance of a well-defined trading plan for consistent results.

Chapter 10: Falling for Hype

• How 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-Keeping

• The necessity of maintaining detailed trading records for analysis.

Chapter 13: Lack of Continuous Learning

• Staying updated with market trends and continuously improving skills.

Chapter 14: Trading without Discipline

• The role of discipline in executing a trading plan consistently.

Chapter 15: Inadequate Capital Management

• Allocating capital wisely to withstand market fluctuations.

Chapter 16: Trading Against the Trend

• The risks associated with going against prevailing market trends.

Chapter 17: Ignoring Market Sentiment

• Incorporating market sentiment analysis for better decision-making.

Chapter 18: Dependence on Tips and Rumors

• Relying on verified information rather than market rumors.

Chapter 19: Impulsive Decision-Making

• Avoiding impulsive decisions that can lead to regrettable outcomes.

Chapter 20: Disregarding Global Events

• Understanding the impact of global events on financial markets.

Chapter 21: Unchecked Leverage

• The dangers of excessive leverage and its potential for huge losses.

Chapter 22: Trading without a Safety Net

• The importance of having an emergency fund for trading uncertainties.

Chapter 23: Neglecting Personal Well-being

• Balancing trading with physical and mental well-being.

Chapter 24: Blindly Trusting Experts

• The importance of critical thinking and independent analysis.

Chapter 25: Staying Resilient

• Developing resilience to navigate the inevitable ups and downs of trading.

Edition details

• Publisher: Independently published
• Publication date: 2023
• Language: English
• ISBN 13: 9798872937494
• Binding: Paperback
• Number of pages: 105