Common Trading Mistakes Every Beginner Does

1. 5 common beginner trading mistakes to avoid!

2. Introduction We all make mistakes, and making mistakes is human. Like they say, to err is human. But, such errors for a long time may lead to consequences that might not look good. The stock market investment and losses are just like that. They come with consequences like monetary erosion. Stock market is volatile and to cope up with volatility beginners tend to make these 10 trading mistakes.

3. Common mistakes in stock trading No Trading Plan: Stock market is a valid investment instrument, but you should know when to back out and how much loss you can handle. Therefore, seasoned traders make sure they have a plan and keep entry and exit points ready. If you want to avoid losses, you have to start understanding your risk factor and keep an eye on the entry and exit point. Ignoring the risk factor: Understanding the risk factor is a very crucial aspect to focus on before investing in the stock market Following Other investors blindly: Every investor including you has different goals. Therefore, drop following the herd mentality and research for yourselves. Choosing the wrong trading asset: When you choose a stock based on their performance in the last 3-4 years, you should also take into consideration their future plans and investments No Diversification: Diversification is the key aspect of the stock market to keep your losses at the minimum. You should start investing in stocks from different industries that can help you balance out the portfolio

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