Last Updated Mar 30, 2010 3:41 PM EDT
Tamas Szabo, the CEO of IG Markets, says the best traders manage to isolate their emotion from decisions and operate like trading machines. How do you become one of them? In today's BTalk he gives us the five biggest mistakes that share traders make. Listen to the podcast for an explanation of each of the five:
- 1. Not having a strategy
- 2. Putting all your focus in one stock or market
- 3. Getting too emotional
- 4. Ignoring external factors
- 5. Not doing research
Feel free to add your own suggestions for the list in the comments section at the end of this post.