What Are 5 Common Mistakes Traders Make Picking Stocks?
List Includes Relying on Others to Find Stocks for You
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:
- Relying on others to find stocks for you.
- Not calculating the Risk vs. the Reward before entering the trade.
- Not correctly determining the proper Stop Loss placement, which affects risk calculations.
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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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