I SAID ACCORDING TO YOU!!..I AM NOT TALKING ABOUT BROKERS OR WALL STREET JOURNAL.
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The *one* big mistake IMO is not selling stocks, when you should.
There are two reasons to sell stock:
- it goes South, for some fundamental reason, but one doesn’t sell hoping that things will change soon.
- you have made a nice profit, reached your target and more, but are still hoping for more.
The bottom line is: one should have a systematic approach, use mental or real stops. And *stick* to them.
ask a broker.
have a look at the wall street jounal and find out for yourself
Overconfidence/Underconfidence
Overtrading
Overleveraging
Underfunding
Ignorance
I am sure I can think of a couple more but, this more or less sums up 90% of the mistakes.
Taking Tips.
Not understanding what you’re investing in.
Not keeping your fees low.
Not knowing or following an "Asset Allocation"
Buying penny stocks before understanding or buying any other stocks.
Being greedy or desperate.
Thinking some "GURU" (expert) will make you rich.
Buying a "fad".
Investing in something a friend or relative suggests.
Investing in something some "talking head" suggests.
Lack of patience.
Not teaching yourself the "basics".
Don’t know if this is what you are asking for, but i traded in my parents vehicle and the dealership came up with some nonsense about negative equity. So basically i was paying for the new vehicle and still for the 1 i traded in. The mistake i made here was i went about 18 months without knowing this.