Details

<p>Acknowledgements ix</p> <p>Introduction xi</p> <p>1 It’s not my fault — I didn’t even know it was a mistake!</p> <p>Mistake 1: defining a trading mistake (with Dr Van Tharp) 1</p> <p>2 The horse goes in front of the cart</p> <p>Mistake 2: jumping into the market before having learned the required skills (with David Hunt) 13</p> <p>3 Failing to plan is planning to fail</p> <p>Mistake 3: not having a clearly defined and documented trading plan (with Justine Pollard) 23</p> <p>4 Get that monkey off my back</p> <p>Mistake 4: not trusting your own ability (with Louise Bedford) 35</p> <p>5 Nice knowing me</p> <p>Mistake 5: not aligning your trading strengths (with Brett Steenbarger) 45</p> <p>20 Most Common Trading Mistakes</p> <p>6 Easy come, easy go</p> <p>Mistake 6: overcomplicating the entry process (with Russell Sands) 57</p> <p>7 Complex complexity</p> <p>Mistake 7: making trading too complicated (with Davin Clarke) 65</p> <p>8 Too many contracts, not enough shares</p> <p>Mistake 8: not understanding money management (with Ryan Jones) 73</p> <p>9 1000 per cent return in three days — sure, it happens all the time</p> <p>Mistake 9: paying good money for a dodgy trading ‘system’ (with Wayne McDonell) 87</p> <p>10 Heads, I win; tails, you lose!</p> <p>Mistake 10: failing to understand the numbers (with Gary Stone) 97</p> <p>11 Bet big to lose big</p> <p>Mistake 11: misusing leverage and margin (with Christopher Tate) 111</p> <p>12 What’s the time, Mr Wolf?</p> <p>Mistake 12: confusing time frames and trading strategies (with Jake Bernstein) 125</p> <p>13 Where the ^!*# is the exit?</p> <p>Mistake 13: not having a clearly defi ned exit strategy (with Larry Williams) 135</p> <p>14 But the guy on TV said it would go up tomorrow!</p> <p>Mistake 14: listening to the advice of media and others (with Glen Larson) 147</p> <p>15 Half price and still too expensive</p> <p>Mistake 15: averaging down (with Tom Scollon) 157</p> <p>16 I’m right! The market’s wrong</p> <p>Mistake 16: lacking discipline (with Dr Harry Stanton) 165</p> <p>17 The emotions of a robot</p> <p>Mistake 17: emotive and subjective trading (Kel Butcher) 173</p> <p>18 Overworked and underpaid</p> <p>Mistake 18: overtrading (various) 185</p> <p>19 Fat fingers, 10 000 too many, and busting trades</p> <p>Mistake 19: operational errors (with John Robertson) 197</p> <p>20 I’m sure I filed that somewhere …</p> <p>Mistake 20: avoiding the paperwork (with Jason Cunningham) 207</p> <p>Glossary 217</p> <p>Index 225</p>

<b>Kel Butcher</b> is a financial markets trader with almost 20 years' experience trading shares, futures, options, warrants and CFDs. Kel is a regular contributor to <i>YourTradingEdge</i> magazine and acts as a consultant to a managed fund, a boutique trading company and a share-trading software developer. Kel is the author of <i>A Step-by-Step Guide to Buying and Selling Shares Online</i>.

<b>You're a trader.</b> You live a life of glamour, fast cars, leisure and luxury — everything you've ever dreamed of ... <p>Of course, that's until you discover that trading can be brutally difficult. If you play the trading game, you are going to make mistakes — maybe even some like these:</p> <ul> <li>agonising endlessly over when to enter or exit a trade</li> <li>trading like a maverick, risking too much of your capital</li> <li>beating yourself up when a trade goes against you</li> <li>losing $1 million in a single trade</li> <li>clicking 'buy' instead of 'sell'</li> <li>buying 10 000 units when you only meant to purchase 1000.</li> </ul> <p><i>20 Most Common Trading Mistakes</i> reveals market mishaps from some of the biggest names in trading. Everyone — from stellar traders to complete novices — can use help learning how to trade in the black. Why not learn from the masters how to turn blunders into profit?</p>

AU