Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» ROYAL CERAMICS PLC (RCL.N0000)
by abey Today at 8:14 pm

» Shares to Buy
by abey Today at 8:13 pm

» COLO and DOCK Moving to 100
by abey Today at 8:11 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by abey Today at 8:10 pm

» මහින්ද යළිත් අගමැති තනතුර අබියස
by abey Today at 8:08 pm

» HPFL,VPEL and VLL Very Interesting Price to enter
by NANDANA2012 Today at 7:19 pm

» ACCESS ENGINEERING PLC (AEL.N0000)
by roshan1039 Today at 7:18 pm

» භාණ්ඩාගාර බිල්පත් පොළියේ සුවිශේෂී පහළ යාමක්
by NANDANA2012 Today at 7:16 pm

» A new president heralds a return to stability and growth in Sri Lanka
by God Father Today at 7:09 pm

» User Name Changing
by kasun_gimhana Today at 1:27 pm

» OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)
by dhaneenja Today at 1:05 pm

» LANKA IOC PLC (LIOC.N0000)
by kasun_gimhana Today at 12:54 pm

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by vikiperera Today at 12:38 pm

» CITRUS LEISURE PLC (REEF.N0000)
by Gajaya Today at 12:14 pm

» EAST WEST PROPERTIES PLC (EAST.N0000)
by Invest2018 Today at 11:27 am

» OPINION POLL: Presidential Elections 2020
by samaritan Today at 10:29 am

» Teller's Predictions
by samaritan Today at 9:06 am

» අගමැති ධූරයෙන් රනිල් ඉවත්වේ - ගෝඨාභයගෙන් ඇමති ධූර15 කින් යුතු භාරකාර රජයක්
by cseranga Today at 8:55 am

» GR-MR administration ready with economic strategy for Sri Lanka: Cabraal
by samaritan Today at 8:53 am

» SMB LEASING PLC (SEMB.N0000)
by Mr-Star Yesterday at 8:22 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by ampm86 Yesterday at 6:45 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Common trading mistakes: part two

Common trading mistakes: part two

Go down  Message [Page 1 of 1]

1Common trading mistakes: part two Empty Common trading mistakes: part two on Sun Oct 13, 2019 11:29 pm

freeforexsignals2020


Stock Trader
Common trading mistakes: part two
[ltr]
free forex signals
 presents special offer
[/ltr]
[ltr] open trading account with one of the best forex brokers  and GET FREE forex Signals  via SMS, Email and WhatsApp  [/ltr]
[ltr]SIGN UP FOR A FREE TRIAL To Access FREE Forex Signals  in the Members Area  START FREE 30 DAYS TRIAL on https://www.freeforex-signals.com/ [/ltr]
 
Overreliance on software
Most people use some form of technology to assist their trading.
 
For example, you might study chart patterns or use automated alerts and algorithms as prompts to trade.
 
But, as useful as all of these tools are, it is important to remember that they are only tools, and must be employed wisely.
 
Just as your satnav can occasionally direct you to drive into a deep torrent of water because it doesn't know the river has flooded, trading technology isn't something to follow blindly. You still need to keep your eyes open and react intelligently to the signs you see.
 
Car
So when using technology, such as charting software or other analysis tools, it's important that you understand the underlying concepts and the reasons behind what the charts are telling you. This will allow you to see the bigger picture and avoid unnecessary mistakes.
 
Lack of record keeping
Do you remember your first trade? What about the third, or the fifth?
 
If you're new to trading, the details may still be clear in your memory. But in a few months' time will you still be able to describe each step and decision in detail?
 
Unless you keep a trading log or diary, the chances are that this information will be lost. And if you can't remember what you did right, how can you replicate it? Similarly, if you don't know where you went wrong you could easily make the same mistakes again.
 
Your trading diary will let you look back at your experiences with the value of hindsight and learn from them. So what should you record in it?
 
Question
Which of the following is NOT worth putting in your trading diary?
A
Why you decided to trade
B
What you were wearing at the time
C
Where you placed your stops or limits
D
How you felt at the time you opened and closed the trade
 
Reveal answer
Bad timing
Timing is not only the art of good comedy - it's also central to good trading.
 
In the same way that a stand-up artist needs to deliver the punchline at exactly the right moment, you need to time your entry and exit from a market perfectly to maximise any profit or minimise any loss.
 
Timing mistakes are common among new traders. So how can you avoid them? Although getting your timing right isn't an exact science, there are a few tools that will help you to act at the right moment:
 
Chart analysis will help you forecast potential scenarios by revealing market patterns
A trading plan will help you to define your strategy, meaning you're more likely to avoid impulsive actions
Stops and limits will allow you to go about your business without having to monitor the markets constantly
summary
Remember the limitations of software and use it intelligently
Keep a trading diary and reflect on the strategies that have worked well (or not so well)
Use tools such as charts, stops and limits to help you get your timing right when opening and closing positions

https://www.freeforex-signals.com

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum