"7 Big Trading Mistakes"

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"7 Big Trading Mistakes"

Post by vivek042 on Sat Feb 13 2010, 17:47

The following is a list of things you want to avoid at all costs. Anyone of them can literally destroy your financial dreams and goals. But what you think which one or more of them most common and must be avoid.
1. Trading with money you can't afford to lose

2. The need to be "certain"

3. Words that will kill you! HOPE---WISH---PRAY

4. Not Acting on your plan

5. Not knowing how to get out of a losing trade

6. Having an ego

7. Falling in love with a sector or script



Fortunate Management India

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Re: "7 Big Trading Mistakes"

Post by nitikasnv on Thu Feb 18 2010, 15:46

The points that you stated here are correct as these are basic points that a person should remember while trading like people will definitely going to take advantage of this, so the people who are investing their money will invest the money which is not that important like while trading one should not use money which is important fro them.

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Re: "7 Big Trading Mistakes"

Post by jimmy narang on Mon Mar 15 2010, 19:09

good points here.thanks for sharing.
here are some tips for forex trading.
http://www.articlesbase.com/investing-articles/forex-real-time-trading-585321.html

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Thu Mar 18 2010, 15:43

here are good points for novice trader!
http://money.howstuffworks.com/personal-finance/online-banking/online-trading.htm

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Re: "7 Big Trading Mistakes"

Post by pankaj joshi on Fri Mar 19 2010, 14:56

If you are an investor (not the trader) and especially the first-timer, I am sure that you will find it tough to take

the right decision. I would suggest you to keep in mind the following most important points related with stock broking

charges if you want to open an online stock trading account.

1. Most of the brokers will charge you one-time account opening fees varying from Rs. 200-800
2. As per SEBI guidelines, a broker can charge maximum 2.5% brokerage, regradless of intra-day, delivery or F&O
3. As a retail investor, you will generally be interested in trades involving delivery, therefore look for the lowest

delivery brokerage.
4. In most of the cases, average rate for delivery brokerage is around 0.5%.
5. Although many brokers offer variable brokerage (higher the turnover, lower the brokerage rate) but to be able to

claim substantially lower rates (around 0.25%), you might have to do a trading turnover of more than one crore every

year, which I doubt if any of you must be doing.
6. In addition to the brokerage, you have to pay various statutory charges connected with stock trading and you have

to pay demat transaction charges. You may also refer my article “Statutory Charges Payable on Equity and Derivative

Trading” and “An overview on Demat Charges”
7. Unless and until you thoroughly understand the intricacies of various brokerage plans, limit card plans, advance

brokerage plans, brokerage rebate plans, annual subscription plans or any other plans, by whatever name they are called,

you should stay away from such fancy-sounding trading accounts. Such accounts are generally suitable only for the sub-

brokers, franchisees and HNI (high networth investors) traders.
8. Apart from lower brokerage rates, look out for the account that gives you lowest or zero fixed charges. That is,

you do not have to pay any charges or fees other than the brokerage charge as and when you carry out any trades.
9. Go for the trading account in which you do not have to commit certain fixed turnover (trading volume) every day,

month or year.

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Tue Mar 23 2010, 15:26

wonderful post by pankaj.thanks!

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Wed Mar 31 2010, 18:06

what about getting an expert investor to help u?would that help?

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Re: "7 Big Trading Mistakes"

Post by pankaj joshi on Thu Apr 01 2010, 19:01

it would be good for a new trader but that comes at a price!

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Mon Apr 05 2010, 20:05

what is the difference between trading in stocks and taking delivery of stock.Why are different

brokerage applied to them .please explain with reference to Indian stock market

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Re: "7 Big Trading Mistakes"

Post by pankaj joshi on Wed Apr 07 2010, 17:05

Brokerage:

It's a recurring cost and can potentially draw down returns. Every player claims that his brokerage is the lowest or at least promises to charge the minimum once an investor opens an account and starts trading. But this promise is contingent on the trading volumes of the
investor.

The brokerage differs from company to company. To give an indicative figure, ICICIDirect.com charges 0.75 per cent for a quarterly volume of less than Rs 10 lakh (Rs 1 million) and 0.25 per
cent for an amount in excess of Rs 5 crore (Rs 50 million).

The brokerage for the quarter that follows the opening of an online trading account is determined by the opening amount of investment, irrespective of the subsequent investments in that quarter.

Any amount due to either the broker or investor over and above the brokerage paid is settled every quarter and the opening amount of the next quarter determines the brokerage that will be paid in that quarter.

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Thu Apr 08 2010, 15:09

good tips pankaj.thanks!

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Sat Apr 10 2010, 17:42

Nothing is best in share market.nobody can guess exactly what will
happen in next second. there is only a pridiction.a/c to law of
probabilty there is a chanse of 50-50.every stock price depends upon
the activity of whole world. have u hear anybody know everything in
present and future.all broking agencies provide tips but never be 100%
true. their main moto is to earn brokrage

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Re: "7 Big Trading Mistakes"

Post by lakhvinder on Tue Apr 20 2010, 17:27

ok..good for a novice trader like me!

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Tue Apr 27 2010, 18:57

trade on some good platform like religare and motilal oswal lakhvinder!

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Re: "7 Big Trading Mistakes"

Post by pankaj joshi on Wed Apr 28 2010, 17:33

yes motilal has a good platform and so does indiabulls and 5paise!

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Thu Apr 29 2010, 16:40

sure it is..are there some new good platforms in the market that i should know of?

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Re: "7 Big Trading Mistakes"

Post by pawankumar on Fri Apr 30 2010, 16:15

good also get the brokerage and after client services thing.its really important!

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Re: "7 Big Trading Mistakes"

Post by seenathkumar on Wed Jun 09 2010, 12:23

Great information's all these information will really help investors I hope you all will come back with more information on trading.

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Re: "7 Big Trading Mistakes"

Post by sru123 on Sat Aug 07 2010, 17:23

hello everyone..
thanku foor the sharing the info...

I needed this and i got it from your post..

regards,
phe9oxis,
http://www.guidebuddha.com

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Re: "7 Big Trading Mistakes"

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