- Buying options when the market is stagnant.
- Not waiting for confirmation of a breakout.
61 Top Trading mistakes of Option Buyers -
🧵
- Buying options when the market is stagnant.
- Not waiting for confirmation of a breakout.
- Thinking of only the rewards, ignoring the risks.
- Jumping to trade without waiting for proper setup formation.
- Not calculating SL beforehand.
- Not having an exit strategy beforehand.
- Buying OTMs near to expiry, coz they are cheap.
- Buying OTM in large quantities, coz they are cheap.
- Not accepting that you've entered the wrong direction.
- Averaging a losing position.
- Not trailing the SL when in sizeable profit.
- Trading in Anticipation, without waiting for confirmation.
- Not keeping the ego aside while trading.
- Putting all your capital in a single trade.
- Using all your loss limits in a single trade.
- Not respecting the maximum loss limit per trade.
- Taking an unnecessarily huge position in BTST.
- Converting your intraday position into BTST just because it is in loss.
- Booking your position at the slightest of volatility.
- Not letting your profits run longer.
- Doing revenge trading.
- Not maintaining a journal of your trades & learnings.
- When having an edge, not exploiting it to fullest.
- Choosing strategy without an intrinsic edge.
- Giving too much importance to world market data.
- Getting influenced by SGX Nifty.
- Fighting the markets.
- Mixing up investing & trading.
- Expecting to get rich overnight.
- Holding losers while selling the winners.
- Jumping from one trading style to another, without proper practice.
I will DM you the list of the remaining Top 11 mistakes of option Buyers once you RETWEET the first tweet of the thread below & Follow Me @CnceptualTrader
Thank you.
https://t.co/lCynsC76rU
61 Top Trading mistakes of Option Buyers -
— The Cnceptual Trader \U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3\U0001f1ee\U0001f1f3 (@CnceptualTrader) August 29, 2022
\U0001f9f5
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
