Making mistakes in the stock market is inevitable because that is how the stock market works. But just because it is normal to lose some money it does not necessarily mean that you keep making the same mistakes again and again.
Here are some common stock market trading mistakes that you should avoid.
Believing what the news says. Hanging on to what the news says about the market will only add to your worries. Instead of staying tuned to the stressful stories about the economy and the market, research more about your strategies and improve your trading skills.
Waiting too long to cut losses. The moment you see a sign of weakness in your stock, get out of your positions. Do not wait for your positions to fall 70% before making the call.
Changing your mind in the middle of a trade. This is one of the worst mistakes possible. Never switch your game plan while in the middle of a trade because almost always it will only make tings worse for you.