Today I made another mistake, and it cost me 50% of my profits. The mistake was that I forgot to check “quantity” when I created my sell order for my open options trade. Luckily, the trade itself was green and I made a profit. I am annoyed that I made […]
Author: tradermedic
Mistake: Wide Bid to Ask Spread
Today’s trade was interesting, a short play on ticker EH (Ehang Holdings). Everything went well, and I made money on the trade, but as always mistakes were made and my trading system could be tightened. Below I describe how the trade happened. Today i just want to go over a […]
Mistake: Lack of Patience (Exit)
Today I want to talk about a recent options trade I did. I made a few mistakes, which limited by returns. While the trade ended up being green, I consider it a failure because for emotional reasons, I left a lot of money on the table. I did not “let […]
Mistake: Not Sticking To Daily Loss Limit
Today I was upset with myself. Why? Because I broke one of my new trading rules. Recently, I made a rule “Do not Loose More than 50$ per day, and if you do, stop trading for that day”. However, this morning I entered a trade pre-market, carried it into the […]
Long list of mistakes
Here is a complete list of mistakes I have made since I started trading….. Not paper trading while learning. Trading large positions. Not using a stop loss. Holding onto losers Not letting winners run. Pressing the wrong buttons Not drawing support and resistance lines Trading earnings. Trading news. Focusing on […]