1. Fear of stop-loss and losses: The usual reason is that traders fear failure and cannot accept losses. Such traders tend to have strong self-esteem.
2. Early closing: Once a position is closed, anxiety disappears. The reason for anxiety is the fear of position reversals, and traders need quick comfort.
3. Wishful thinking: Traders do not want to control their trades and do not want to take responsibility. They lack the ability to accept reality.
4. Anger after losses: Feeling victimized by the market, becoming emotionally attached to a specific trade. Being smug during successes, or demanding the market prove they were right, can lead to losses.
5. Trading with money one cannot afford to lose or borrowed money: Treating a trade as a last-ditch effort. Traders who want to succeed or fear missing out often fall into this trap, as do those who do not adhere to discipline and are driven by greed.
6. Averaging down: Traders do not acknowledge their trades are losing and hope to break even. Such traders tend to have strong self-esteem.
7. Impulsive trading: Traders are easily excited, prone to addiction, and enjoy gambling. Such traders always trade on instinct. When not trading, like on weekends, they feel restless and are obsessed with trading.
8. Ecstasy after profitable trades: Traders become smug, thinking they can control the market.
9. Account funds cannot appreciate - minimal profits: In this situation, traders lack the motivation to make money, usually due to psychological reasons such as lack of confidence.
10. Not adhering to their trading system: Traders do not believe their trading system is truly effective, or they have not seriously tested it. Perhaps the system does not fit their personality, they may need excitement while trading, or they believe they cannot find a successful system.
11. Over-predicting trade outcomes: Traders fear losses and mistakes, resulting in helplessness. Perfectionists are prone to problems; they want certainty in outcomes, unaware that losses are part of trading. They do not accept the risks of trading or the unknown results.
12. Incorrect trade volume: Traders dream that this trade will be profitable, thus ignoring risks and the importance of capital management. Perhaps traders do not want to take responsibility for risks, or they are too lazy to calculate the appropriate trade volume!
13. Overtrading: Traders want to conquer the market, possibly driven by greed, wanting to take revenge on the market after losses. This is similar to impulsive trading; see point seven!
14. Fear of trading: Without a system, traders feel uneasy about risks and unknown outcomes. They fear losing everything, fear being mocked, and may need self-control, lacking confidence in their trading system or themselves.
15. Impatience on non-trading days: Due to emotions influenced by anger, fear, and greed, traders' emotions fluctuate wildly. They are overly concerned about trade outcomes, neglecting the study of the trading process and related techniques. Traders focus too much on money, with unrealistic expectations.
16. No differentiation between varieties: Wanting to trade any variety, following signals from any variety for fear of missing out. When choosing varieties, there are two principles for trading: The first principle is "Do not trade unfamiliar varieties and markets." The technical trends of the markets participated in must fit within their analytical framework. The second principle is "Do not trade in inactive markets." Because in markets with low liquidity, price movements are more easily manipulated, and participating in such markets is akin to walking into a trap. Trading varieties with good liquidity, active prices, and genuine natural trends is preferable.
17. Overly obsessed with timing the entry: Eager to enter a trade only to see prices immediately move away from the cost, leading to floating profits. If temporarily trapped after entry, it becomes very uncomfortable, leading to an urge to cut the position and an overly perfectionist approach to trading. Theoretically, if trading skills accurately address the timing of entry and exit, self-management becomes completely unnecessary. It's like a master swordsman who can defeat all opponents. However, such a swordsman does not exist; even the strongest will face equally matched opponents. Similarly, no matter how great a trader is, their trading skills have limitations and flexibility.
