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- Your entry is based on your opinion not a valid signal.
- Your bet is that a trend will change with no reason behind the bet.
- You are entering out of greed after a big move.
- If you are wrong about the trade you will suffer a huge loss.
- You enter a trade with no stop loss.
- You enter a trade with no exit strategy to bank any profits.
- You enter based on someone’s opinion.
- You enter a trade because you are bored.
- You are trading a market you have done zero back testing or chart studies on.
- You are trading futures or option contracts you do not understand.
- You are trading with confidence even though you have zero confidence.
- You have no idea what the hell you are doing.