What Are 5 Common Mistakes Traders Make Picking Stocks?

How to Choose Stocks to Trade

Selecting the best stock picks can be a simple process if you avoid the most common mistakes traders make when choosing stocks to trade. Using a stock pick process can help you speed up finding stocks to trade, AND improve the quality of every stock you trade for consistent success.

Here are the 5 common mistakes traders make picking stocks to trade:

  1. Relying on others to find stocks for you.
  2. Not calculating the Risk versus the Reward before entering the trade.
  3. Not correctly determining the proper Stop Loss placement, which affects risk calculations.

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Trade Wisely,

Martha Stokes CMT

TechniTrader technical analysis using a TC2000 chart, courtesy of Worden Bros.

Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses

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