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Common Day Trading Mistakes - The Coach’s Playbook

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We all make mistakes. It’s OK, it happens. Solid blunders are a part of life and they help us learn and grow. And it’s true, most problems have a solution. If it’s not staring you right in the face, then take a step back and spend some time thinking about it. Sounds easy enough, right?

Here’s What Our Coach’s Have To Say 


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The reality is, a lot of us just can’t help making things more difficult than they need to be. Realizing that a simple gaffe isn't’ the end of the world and fixing it asap can mean all the difference in letting a small mistake turn into a big error.

Don’t feel like you have to solve the problem on your own either. There are plenty of people out there who can relate to what you’re going through. Reach out to them, engage in their social media communities, send them an email or a private message. Most people are typically more than happy to share their knowledge with people who ask for it.

It’s a Character Builder

Bear Bryant said it best, “when you make a mistake, there are only 3 things you need to do.”

  • Admit it
  • Learn from it
  • Don't repeat it

This might be the best advice you can get, and it is relatable to all aspects of your life; relationships, trading, whatever. But when it comes to trading, following these seemingly simple steps will keep you honest with yourself and help you form realistic expectations for your trading.

Recovering from mishaps builds character. The people around may not say anything, but they will be paying attention to how you handle yourself, and they will remember it if they ever find themselves in a similar situation. Do you want to be the person people go to for help, or will you be the person they avoid when in need of advice?

Trade Well!

 

Posted by TopstepTrader on May 13, 2020
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