20 Most Common Trading Mistakes (eBook)

And How You Can Avoid Them

Kel Butcher (Autor)

eBook Download: PDF

2016
224 Seiten
John Wiley & Sons (Verlag)
978-1-118-30369-6 (ISBN)

Infos

You're a trader. You live a life of glamour, fast cars, leisure
and luxury -- everything you've ever dreamed of ...

Of course, that's until you discover that trading can be
brutally difficult. If you play the trading game, you are going to
make mistakes -- maybe even some like these:

* agonising endlessly over when to enter or exit a trade

* trading like a maverick, risking too much of your capital

* beating yourself up when a trade goes against you

* losing $1 million in a single trade

* clicking 'buy' instead of 'sell'

* buying 10 000 units when you only meant to purchase 1000.

20 Most Common Trading Mistakes reveals market mishaps
from some of the biggest names in trading. Everyone - from stellar
traders to complete novices -- can use help learning how to
trade in the black. Why not learn from the masters how to turn
blunders into profit?

Autor

Kel Butcher is a financial markets trader with almost 20 years' experience trading shares, futures, options, warrants and CFDs. Kel is a regular contributor to YourTradingEdge magazine and acts as a consultant to a managed fund, a boutique trading company and a share-trading software developer. Kel is the author of A Step-by-Step Guide to Buying and Selling Shares Online.

Inhalt

Acknowledgements ix

Introduction xi

1 It's not my fault -- I didn't even know it
was a mistake!

Mistake 1: defining a trading mistake (with Dr Van Tharp) 1

2 The horse goes in front of the cart

Mistake 2: jumping into the market before having learned the
required skills (with David Hunt) 13

3 Failing to plan is planning to fail

Mistake 3: not having a clearly defined and documented trading
plan (with Justine Pollard) 23

4 Get that monkey off my back

Mistake 4: not trusting your own ability (with Louise Bedford)
35

5 Nice knowing me

Mistake 5: not aligning your trading strengths (with Brett
Steenbarger) 45

20 Most Common Trading Mistakes

6 Easy come, easy go

Mistake 6: overcomplicating the entry process (with Russell
Sands) 57

7 Complex complexity

Mistake 7: making trading too complicated (with Davin Clarke)
65

8 Too many contracts, not enough shares

Mistake 8: not understanding money management (with Ryan Jones)
73

9 1000 per cent return in three days -- sure, it happens
all the time

Mistake 9: paying good money for a dodgy trading
'system' (with Wayne McDonell) 87

10 Heads, I win; tails, you lose!

Mistake 10: failing to understand the numbers (with Gary Stone)
97

11 Bet big to lose big

Mistake 11: misusing leverage and margin (with Christopher Tate)
111

12 What's the time, Mr Wolf?

Mistake 12: confusing time frames and trading strategies (with
Jake Bernstein) 125

13 Where the ^!*# is the exit?

Mistake 13: not having a clearly defi ned exit strategy (with
Larry Williams) 135

14 But the guy on TV said it would go up tomorrow!

Mistake 14: listening to the advice of media and others (with
Glen Larson) 147

15 Half price and still too expensive

Mistake 15: averaging down (with Tom Scollon) 157

16 I'm right! The market's wrong

Mistake 16: lacking discipline (with Dr Harry Stanton) 165

17 The emotions of a robot

Mistake 17: emotive and subjective trading (Kel Butcher) 173

18 Overworked and underpaid

Mistake 18: overtrading (various) 185

19 Fat fingers, 10 000 too many, and busting trades

Mistake 19: operational errors (with John Robertson) 197

20 I'm sure I filed that somewhere ...

Mistake 20: avoiding the paperwork (with Jason Cunningham)
207

Glossary 217

Index 225

Produkt-Details

• Erscheint lt. Verlag: 4.5.2016
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Börsenhandel • Börsenhandel • Finance & Investments • Finanz- u. Anlagewesen • Trading
• ISBN-10: 1-118-30369-5 / 1118303695
• ISBN-13: 978-1-118-30369-6 / 9781118303696