Ep 146: 12 Common MISTAKES Beginners Make in Stock Trading

[@davidschell3120]

I have been trading for 15 years and lot of what you are teaching is what I had to learn the hard way. Well done and keep up the good work!

[@wsponsor]

15 years in trading and still work on improvements? ;)

[@alecjoseph1313]

Big Ballah how should I start. I’m a freshman in college and would rather study stocks. Can you give me a path to follow so I can avoid failure. I’d rather educate myself for years if I needed to

[@tradersflyofficial]

Great to hear you are always looking to improve - constant improvement is key...

[@juliankomar1646]

A big mistake in trading : FORCING TRADES! If there is nothing to trade, don't search for trades. Be patient and wait until setups pop up in your screeners and the market offers you a window of opportunity again.

[@katekettner5737]

Patience is vital, You can have the best setup in the world But if you rush, for example, your entries you will be too late, too early and you might lose your mind.

[@bobgiarda3626]

Have patience built-in to your trading plan. Know your rules, strength and weakness and work around them to mould your plan.

[@instinctdt3460]

COMMON MISTAKES #1 believing that the market is easy to make money #2 having no plan of action for each trade #3 having the wrong habits #4 emotionally tied to a stock #5 not taking profits into strength #6 holding on to losers #7 averaging down your position incorrectly #8 using excessive leverage #9 trying to save a position (compensating in new positions, trying to short it, etc) #10 following people blindly #11 looking at the short-term instead of the long-term #12 not investing in yourself

[@CentsTwo]

heh looks like someone took notes.

[@ayopuma]

InstinctDT The market is easy after a strategy is formed and you have gut wrenching experience. Establish a strategy that is different than ANYONE else's. Trust me on this. Do your own research and gain experience with small amounts. I went up by 10s for a while and then by 100s in my position size.

[@instinctdt3460]

I agree. GJ on your improvement.

[@huh904]

Teach me take me under your wing

[@Sam-ue4rv]

You the Real MVP 🕵

[@PositiveInvesting]

Having a plan is KEY. It has helped me manage risk, take profits, and cut losses.

[@tradersflyofficial]

Excellent! Thank you so much for sharing

[@mylifeinarosegarden8]

Thank you for being so thoughtful and genuine with your advice. Everything you've said in this video is spot on and clearly shows you are there to help people and you want us to do well.

[@abrahamtesfay]

Thanks Sash Evdakov for sharing your best practice. I have been paper trading for last 2 months and just start trading live 2 weeks ago, I am really loving it! but also I am going through all the emotions you are saying. I can already see that your advice will help big time. Thanks !

[@rafiqlnk]

You sir is THE real deal

[@SoundCityNetworkTMMain]

Sasha, your channel is very underrated. You go into the psychology behind trading which is one very important aspect of it. The analogies are very good.

[@lingoniGERMAN]

All of these points were so helpful again, thanks so much, Sasha! Now I know what averaging down means.

[@Jamie-zs4yc]

Single best KZbin channel for trading education.

[@mennoemor]

@ Jay, you want to share the other KZbin channel you're following?

[@GroovyChic868]

Loved this video. Very good advice. Thank you.

[@tradersflyofficial]

Splendid! Thank you so much for the nice comment.

[@PaniaThong]

Thank you Sasha. When you are saying the mistake is to hold on to losers, what are your advice when the stock drops a lot. Would you suggest selling it and buy when it hits the bottom and make a move back up? What is the best strategy for swing trading when the stock drops a lot? Thank you

[@PaniaThong]

Sasha Evdakov thanks!

[@brubru5555]

Your amazing so easy to understand,clear and precise.Thank you

[@faceformers]

Thank you sooooo much! You are awesome, helpful, real and informative. :)

[@tritone3284]

Thank you for your video

[@jamesfranco6000]

love this dude

[@tradersflyofficial]

Thank you so much!

[@mennoemor]

Thank you Sasha

[@gashby8027]

Spot on..

[@tradersflyofficial]

Thank you!

[@SmartMoneyRyan]

Too true brother, i would say trading is close to 95% controlling your emotions. theres some good emotions and some are not. but all of them are good if you realise its a warning to get out of a trade or to not start one.(this takes many times making mistakes to learn, so don't beat yourself up at a loss just mittigate your losses expecting to learn)... the learning comes hand in hand with controlling the emotions and the learning will help you understand the emotions.

[@harleyman9990]

Thank you very much Sasha, very well done, I'm new to trading but this gives me something to focus on, Thx again.

[@tradersflyofficial]

Welcome to the trading community - investing in your education before investing your money is a wise approach!

[@s.n.1064]

Very informative and helpful

[@vernefits1953]

Great video. Fully agree about #5 I learned that mistake the hard way.

[@robertcliffort2354]

excellent

[@callmepaul]

I wish I found your channel sooner. Great content, great attitude. Cheers.

[@frostsmaker8966]

15:58, they say to try to run before you can walk. playing tennis with a professional for the first time should be done. When I was a kid, I learn how to ride a bicycle. The problem is, if I go slow then I will 100% fall. But, guess what happens when I go fast? Yes, I didn't fall for a few seconds. It is longer than going slow. They say sink or swim. Yes, you should start a business with a big amount of money. Yes, there is a 90% probability that you will fall and lose everything. But, you should do it because it is better for your experience. You could fall for months or a year but it is fine (not fine but it is fine). If you go slow, starting to make a real profit from your business will take maybe a decade. Remember, high risk, high return. Low risk, low return. If you play small, you will get and lose small. If you play big, you will get screwed or win big.

[@DigitalDissident]

I listened to this entire video, and I'm not going to change anything. Thumbs up though, this advice is spot on lol.

[@josha7577]

Okay, its official, I'm a fan. Thank you for all the knowledge Sasha! What are some of the common ways day traders organize and track their trades? If I'm remembering it right, you had a video about a web based service a bit back, but I'd prefer something offline. Something about having all my trades i.e. financial information stored on a website seems strange to me. Any additional advice for creating a trading journal is welcome. Otherwise, thanks again!

[@rksharma10911]

very good advise

[@gaillee325]

Love your video..just subscribed!

[@Graceinthecorner]

Thank you Sasha, May God bless you abundantly! You have blessed me today with this Video

[@tradersflyofficial]

Thank you so much. Happy New Year and I wish you a great year ahead

[@Graceinthecorner]

@@tradersflyofficial thanks Sasha!

[@demetriuslandry4726]

love this video your the smoothest easy to listen too.

[@tradersflyofficial]

Awesome! What a nice comment. Thank you so much for the kind words

[@chenyx75]

I really appreciate you taking time and energy to teach me how to trade better.

[@tradersflyofficial]

You are welcome. I appreciate your kindness

[@StratoLicks]

Thanks!

[@tradersflyofficial]

You are welcome

[@sriramojisrinivas4916]

Thank you very much for educating us in an excellent way.

[@ricabron111]

Sasha.. Thank you for your comments and videos

[@AnishSingh-st5yl]

Hello Sasha, great content... thank you.

[@tradersflyofficial]

You are more than welcome. Thanks so much for watching

[@therewarder]

Thanks again Sasha, very exceptional young man - a great teacher

[@AverageNiceGuy]

I am really enjoying your instructional videos. Thank you

[@ChrisSmith-ev6qx]

Thank you that was very informational ... :)

[@superconnie5003]

Very good

[@paulojustinianookubo]

I was always told that you must wait for your target to hit and not takes profits right away because eventually ur risk and reward is what will make the difference. Now you say take profits. Lets say buy 100 shares of x stock witch is trading at 20. i will be risking 1 to make 2. Wouls you wait to hit target or ull take 1/2 of the position as soon as you are making profits ?

[@AntoniusLeo]

I concur, Sasha. Build the experience 1st.

[@BY-ib9ew]

Well put

[@tradersflyofficial]

Thank you so much

[@gopalakrishnak6664]

Thank you

[@tradersflyofficial]

You're more than welcome! Thank you so much for watching

[@kelletazadu5241]

You are very good I like the way u explained all the way

[@prabath_g]

Thank you 😊

[@moneymanfernando1594]

Do you have a video about ETF`s ? There are so many of them out there. A lot of them are basically the same except they are issued by different companies. Such as VOO,SPY,IVV etc. What is your opinion ????

[@BryTheNiceGuy]

I enjoy Sasha's videos. He is concise and does not waste time on unnecessary rambling. He's great. If you are like me, and like more direct information then I recommend increasing speed to 1.25x or 1.5x. Same exceptional content by Sasha but even faster so that you can be more productive with your time.

[@pameladones2902]

Great info, thanks for sharing. Would you be able to provide us with an example of what would a plan of action look like? And how do we convert profits into strengths? I am new into the trading world so any examples you can provide would be so helpful.

[@pradeepjuvvadi7332]

Very honest and straightforward observations! he has pinpointed all the pitfalls I am encountering as I am trading newly, he has good tips to become self conscious which I definitely am now, after watching this video.. Disciplined, thanks Sasha..

[@uhdbcyjgnoraine1345]

Very true indeed..!

[@tradersflyofficial]

thanks for watching

[@laurashehadi7614]

HI Sasha. You are putting out really great training videos! Thanks for that. Question: Can you point me to a lesson video specifically on how to take profits into strength. I get the main concept (sort of) but I'm hoping to see specific examples of how this technique is executed. Thank you.

[@pinayinuk]

Great ur si helpful

[@tradersflyofficial]

Wonderful to hear... Thank you so much!

[@JerryOSmith]

You are a awesome !!! very intelligent teacher. Thanks for the lesson

[@samgirgis7368]

Well done. So grateful for the info. I am a beginner, could you please guide me to which videos should I start with as a trader from the very beginning? I really appreciate it. Sam

[@tafirulhoque1791]

Hello....I am from Bangladesh... You are awesome... You are great.. I learned so many things from you..God bless you..

[@SneakySteevy]

I really like the #11 thank you

[@johnwillis5279]

I like it, I love it, I want some more of it.

[@BwantleyBoo]

I wish I could double like a video! Great stuff , thank you so much.

[@victorbravo8645]

A question should I buy a laptop to trade? Or just use my phone..thanks

[@tradersflyofficial]

Laptop any day will be better than a phone. If you're serious about it then the laptop. If you want to just put a few shares on some stocks then you can obviously just invest with your phone but then you're not trading You're just investing

[@victorbravo8645]

@@tradersflyofficial I usually buy 200 or 100 shares at a time..you have helped a lot ..I'm getting better at reading, usually getting winners.. thanks sasha your videos are excellent..I would to buy a book from you..one regarding VOLUME

[@MTEmployment]

Good thoughts, thank you! I think we are close to a peak now...

[@tradersflyofficial]

Yes it's quite possible. The market has been running up for quite some time

[@perryjaialai]

another Great Video

[@ThinkUniqueIdeas]

Invest in small amount and Learn from the mistakes. The investment risk is depends on one's Risk appetite. Always reminds me this "it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."

[@moneymanfernando1594]

I subscribed and I am currently watching your videos . What is your opinion of the market right now ?? It is at an all time high , should we be worried ?? Stay in , get out ?????

[@50sorrowC]

Guilty of number 5. 7 more to come so who knows : )

[@samuelzev4076]

What if I make a mistake in estimating the actual amount i need to buy my shares and I end up paying more until my balance becomes negativ?

[@ronkumar7071]

Sasha baby you are the best on KZbin!

[@Coolguy-ny5nl]

#1believing the Market is easy. Iam newbie and that's what I was thinking until I saw this video. But my question is if we buy blue chip stocks at one price and sell them for profit next few days( could be few cents or dollars) everytime, then will you still lose money?

[@tradersflyofficial]

of course depends on what you buy them for and what you sell them for just like if you buy a phone for $200 and then you sell it for $250 then of course you would make money

[@Coolguy-ny5nl]

@@tradersflyofficial Thanks!! Sasha...ur videos are very informative .

[@adarshsingh-lb3ws]

I have problem 11 and 12...short term vision and no investment on myself

[@tradersflyofficial]

We all have some kind of trouble

[@trivaibhav]

@Sasha This is so damn good .... Wish someone was there to reach me all this when I started trading ... Keep up the good work :)

[@trivaibhav]

*teach

[@pinayinuk]

Just starting buying stocks

[@tradersflyofficial]

Perfect! Keep working at it.

[@thompsonappliance3078]

i understand long term investing. but wouldn't you need big capital to play that game. i would think day trading or swing trading would help you develop the skills to picl a good stock, as well as get you the bank roll to execute.

[@debashishkoirala4905]

beginner question but why does Nvidia stock ($171) cost more than say Apple stock ($161) when apple is by far a much bigger company than Nvidia and is worth a lot more?

[@prathamvora6843]

Debashish Koirala you can never determine the size of the company through the share price  has much more market cap and much more outstanding shares than nividia

[@DavidVega-tc8hi]

I just accidentally bought a stock for double it’s price because of after hours 💀 I was trying to set it to buy at opening price but I just bought it hopefully I don’t loose a lot of money as it’s a stock that should be on the rise

[@johnwillis5279]

also dude you didnt stumble one time. You are a great salesman!

[@Sam-ue4rv]

The hardest part is when to take profits.. and when to sell a losing stock.. also regrets not buying a stock you had been following and the one you bought was a dud..

[@tradersflyofficial]

Absolutely

[@VickiBee]

Oh wow. Bears are negative? I like bears. I would've thought bulls were negative. That's what I was told all my life because I was born in the month of the bull. I don't know HOW to plan a trade. I really wish Eric were here now. He was VP of his company before he turned 30. Bras, panties & underwear. LMFAO

[@tr4gik11]

But daytrading is about the short term isnt it? Also you can trade stocks in play that are not so dominated by algorithms.

[@tradersflyofficial]

Yes when you day trade you are in and out of the stock in a single day.

[@domoahmed]

Wise beyond belief. Son of Christopher Watkins lol

[@tradersflyofficial]

Thank you sir

[@TheRaj2211]

Steps 4= 7= 9 indicates same concept Don’t blindly stick with one continuously even going through losses

[@dirkimy]

I lost 50% of my port capital, within my first 3 years of trading lol.

[@kerricksmith7199]

Go back to paper trading for a few months. Also, I suspect your position sizes were too large. Definitely don't put more than 5-10% into one stock or option, one bad trade will take you out. I lost 40% of my portfolio early on by having too much tied into one position.

[@CelticsWin7]

It is easy to make money in the stock market, thing is, it’s just as easy to lose it!

[@teesbyangel]

YES.... CUTTING LOSSES.... WHY TURN A WINNING TRADE INTO A LOSING ONE? profound

[@tradersflyofficial]

thank you for watching

[@samfissher7127]

Why didn't I watch this a year ago?

[@AbbasMwali]

🙏🙏

[@morgannights76]

How’d those people with bad habits get $500,000? 😅😅

[@tradersflyofficial]

Bad habits with trading are not always bad habits with selling their company or business. There are different bad habits for different environments

[@mikesvacation2890]

Christopher Walken's long lost son has been found!! 👍

[@tradersflyofficial]

Yes he has!

[@mikesvacation2890]

@@tradersflyofficial thank you sir, have you heard that before?

[@tradersflyofficial]

Yes

[@coolkidbmx6851]

Are u filming with a fish eye camera? Or is your face realy like that? Very intriguing

[@ኢትዮጵያትቅደም-ነ3ጘ]

I wish I watched this video before losing money. The big mistake I made was I didn't have exit plan. Instead of taking $5000 profit I kept holding the stock and unexpectidly the price went down. Finally I ended up losing $5500 of my cash.

[@prabath_g]

Thank you 😊

[@yayaabdel-aziz4272]

Thank you!

[@tradersflyofficial]

You are welcome