Ep 146: 12 Common MISTAKES Beginners Make in Stock Trading

Making a mistake when you first start trading can be both disappointing and discouraging.

I’ll let you in on something that I’ve learned throughout my professional experience- no one knows exactly what to do when they start out in the stock market for the first time. However, there is a way that you can avoid these mistakes.

One of the best things you can do to elevate your trading success is to learn from the mistakes of those who have already gone through the trial and errors of all the beginning stages.

In this video, I will share with you a handful of common mistakes that beginning traders make so that you can learn how to avoid a wide range of mistakes ranging from inner game to outer game, underestimating the ease of the market, and creating bad trading habits.

📝 Video Chapters
00:00 Introduction
00:09 12 Common Stock Trading Mistakes Beginners Make
00:35 1- Easy to Make Money
01:49 2 - No Plan for Each Trade
03:03 3 - Having the Wrong Habits
05:34 4 - Emotionally Tied to a Stock
08:02 5 - Not Taking Profits
09:59 6 - Holding on to Losers
11:44 7 - Averaging Down Incorrectly
14:13 8 - Using Excessive Leverage
16:30 9 - Trying to Save a Position
17:51 10 - Following Blindly
20:29 11 - Looking at the Short Term
23:55 12 - Not Investing in Yourself

#tradingmistakes #stocktrading #tradingbeginners #stocktraders #stockmarket

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📑 ABOUT TRADERSFLY
Tradesfly is focused on me sharing my experience and knowledge about trading options. Although we include videos related to other areas of trading, the primary focus is trading options. If you are serious about learning to trade options for selling premium, creating spreads, be sure to subscribe to the channel and join our discord group.

🛑 DISCLAIMER
All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.

[juliankomar]

A big mistake in trading : FORCING TRADES!
If there is nothing to trade, don't search for trades. Be patient and wait until setups pop up in your screeners and the market offers you a window of opportunity again.

[davidschell]

I have been trading for 15 years and lot of what you are teaching is what I had to learn the hard way. Well done and keep up the good work!

[instinctdt]

COMMON MISTAKES

#1 believing that the market is easy to make money
#2 having no plan of action for each trade
#3 having the wrong habits
#4 emotionally tied to a stock
#5 not taking profits into strength
#6 holding on to losers
#7 averaging down your position incorrectly
#8 using excessive leverage
#9 trying to save a position (compensating in new positions, trying to short it, etc)
#10 following people blindly
#11 looking at the short-term instead of the long-term
#12 not investing in yourself

[PositiveInvesting]

Having a plan is KEY. It has helped me manage risk, take profits, and cut losses.

[Jamie-zsyc]

Single best YouTube channel for trading education.

[mylifeinarosegarden]

Thank you for being so thoughtful and genuine with your advice. Everything you've said in this video is spot on and clearly shows you are there to help people and you want us to do well.

[abrahamtesfay]

Thanks Sash Evdakov for sharing your best practice. I have been paper trading for last 2 months and just start trading live 2 weeks ago, I am really loving it! but also I am going through all the emotions you are saying. I can already see that your advice will help big time. Thanks !

[SoundCityNetworkTMMain]

Sasha, your channel is very underrated. You go into the psychology behind trading which is one very important aspect of it. The analogies are very good.

[lingoniGERMAN]

All of these points were so helpful again, thanks so much, Sasha! Now I know what averaging down means.

[brubru]

Your amazing so easy to understand, clear and precise.Thank you

[SmartMoneyRyan]

Too true brother, i would say trading is close to 95% controlling your emotions. theres some good emotions and some are not. but all of them are good if you realise its a warning to get out of a trade or to not start one.(this takes many times making mistakes to learn, so don't beat yourself up at a loss just mittigate your losses expecting to learn)... the learning comes hand in hand with controlling the emotions and the learning will help you understand the emotions.

[faceformers]

Thank you much! You are awesome, helpful, real and informative. :)

[PaniaThong]

Thank you Sasha.

When you are saying the mistake is to hold on to losers, what are your advice when the stock drops a lot.
Would you suggest selling it and buy when it hits the bottom and make a move back up?
What is the best strategy for swing trading when the stock drops a lot?

Thank you

[DigitalDissident]

I listened to this entire video, and I'm not going to change anything. Thumbs up though, this advice is spot on lol.

[GroovyChic]

Loved this video. Very good advice. Thank you.

[chenyx]

I really appreciate you taking time and energy to teach me how to trade better.

[harleyman]

Thank you very much Sasha, very well done, I'm new to trading but this gives me something to focus on, Thx again.

[moneymanfernando]

Do you have a video about ETF`s ? There are so many of them out there. A lot of them are basically the same except they are issued by different companies. Such as VOO, SPY, IVV etc. What is your opinion ????

[BryTheNiceGuy]

I enjoy Sasha's videos. He is concise and does not waste time on unnecessary rambling. He's great. If you are like me, and like more direct information then I recommend increasing speed to 1.25x or 1.5x. Same exceptional content by Sasha but even faster so that you can be more productive with your time.

[vernefits]

Great video. Fully agree about #5 I learned that mistake the hard way.