Common Mistakes that DAT Traders Make

Winning in today’s financial markets is a hard task, especially for novice traders. Direct access trading of DAT can tremendously magnify a trader’s abilities; but it can also magnify his or her weaknesses. Below are some common mistakes that DAT traders make.

1. Trading without right preparation or right strategy.
2. Trading with under-capitalized accounts.
3. Trading inadequate or more than adequate number of stocks or other products.
4. Trading the products at the extremes.
5. Using highly complex tools and strategies.
6. Investing more money to losing positions.
7. Avoiding of stop losses and limit orders.
8. Looking for a pre-determined market condition to enter or exit a trade.
9. Predicting the market direction without analysis or with little analysis.
10. Trading with emotion.
11. Blindly following other traders.
12. Blindly depending on computer-generated statistics and conclusions.
13. Not considering transfer fees and other charges involved in trading.
14. Rapidly changing strategies by adapting to the NEW HOT strategies.
15. Trading heavily on margins.
16. Trading with extreme caution –being the last one to enter or exit.

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