Top 5 trading mistakes to avoid

Ito yong Top 5 trading mistakes na nagawa ko noong unang taon ko sa pagtrade. In this video, let me tell you kung ano-ano ang mga yon para maiwasan mo na at para hindi ka malugi ng 30% of your total trading capital or baka mahigit pa. I lost 30% of my trading capital on my first year of trading. Kung hindi mo pa napanood ang video na yon.. just click the link above. 

What is up mga ka retire rich! Welcome back po sa channel... at kung ikaw naman ay bago, please consider to subscribe for more videos. 

Let's go back to the video. Here are the top 5 trading mistakes I did during my first year of stocks trading, which I was able to avoid in my second year. And guess what? If last year nalugi ako, so far this year ay gain pa din po ang aking port. 

Mistake Number 1. Trading without a plan or strategy.

Ito ang kalimitang mistake ng newbie. Pag lumusub ka sa giyera na wala kang plano.... parang suicide mission ang nangyari. You are doomed to fail because if you do not have a plan, it's like you plan to fail. So dapat meron kang plan or strategy na naka define lahat kung kailan ang entry, exit at stop loss. I avoided this mistake by simply committing to my strategy. At since wala akong masyado time sa market, I used CALMA strategy. At kung walang ma screen na stocks using Calma... eh di wala munang trade. Period.

Mistake Number 2. Disrespecting Stop Loss.

Noong natoto naman akong mag plano ng trade at gumamit ng strategy, masyado naman akong tiwala na aayon si market sa plano ko at papasok ito sa set-up ko. So, if the trade goes against me... at na hit si stop loss... abay I keep ignoring it. To the point, na sana 3% lang ang loss.... abay umabot tuloy ng 10% minsan umabot pa ng 20. I avoided this mistake in my second year by respecting my stop loss and keeping in mind na laging tama si Market. Huwag na huwag makipag talo kay market. Period.

Mistake Number 3. Ignoring riks management.

Itong mistake na ito ay pinsan ito ni mistake number 2. Pag masyado kang nag tiwala sa trading plan mo or sa strategy mo, which is tama naman, yes of course you need to trust your system, your plan, your strategy, but because of this! you tend to ignore risk management. Oiii!! mag bullish cross na si MACD at price above ALMA na! All in na to! O di ba? without checking also na mataas na pala masyado ang risk and then after nakabili at nag reverse si market... doon pa lang maisip ang risk. I avoided this mistake by putting risk management as my ultimate priority to check before even considering a stock to trade and applying also the 1 percent rule. 

Ano naman ang 1 percent rule? May video tayo nyan, and I recommend na panoorin nyo by clicking the link above.

Mistake Number 4. Overtrading

Grabe ang over trading ko noong first six months ko sa trading. This was brought about sa maling mindset ko going into trading. I was dumb thinking that trading is easy money at dito ako kikita agad ng pera at makapag retire ng maaga. Little did I know that learning to trade and to be profitable is a long process. So I avoided this mistake by changing my mindset. Trading is a bachelor's degree for me at I will give myself 5 years to at least learn and gain significant experience. At the same time sticking to my strategy pa din. 

Mistake number 5. Unable to control FOMO!

FOMO - The Fear of Missing Out. You always hear about FOMO right. Lagi akong nakaka experience ng FEAR na to every time na may nag liparang stocks. Para bang hinayang na hinayang ako pag hindi ako nakasakay sa mga nag liliparang stocks kahit hindi ko alam kung paano ito i trade. Feeling ko ang hina hina kong trader... which is true naman... dahil newbie pa lang eh. Pero during my second year, I avoided this by not opening my broker account at chart pag I really do not have a plan or intend to trade. Iniwasan ko mag window shopping sa stock market dahil mapapabili ka ng di oras at wala sa plano. In the end malugi ka lang. 

There you go, guys! Try mong iwasan ang mga mistakes na to and let me know in the comments kung ano ang naging impact nito sa trades nyo.

So let's review these mistakes but before that, if you like this video please consider to like, share and if you are new to this channel consider subscribing for more videos like this. Going back to the video. 

Top 5 mistakes to avoid

1. Trading without a plan or strategy.

2. Disrespecting stop loss.

3. Ignoring risk management

4. Overtrading

5. Unable to overcome FOMO.

That's it! Mga ka Retire Rich. I will see you in the next video.