trading mistakes, page-14

Latest list of trading mistakes. Thanks for contributions to the list. Glad I am not the only one who has missed the opening (mistake No.37). It appears Mohnish Pabrai, fund manager & author of "The Dhandho Investor" has come up with about 70 categories of mistakes.
Updated List:
I have established a thread on Day Trading called Trading Mistakes. Its primarily aim is to:
1. Identify the most common mistakes made by traders
2. Once a list of mistakes has been identified establishing checklists to reduce these mistakes.
I will start the list with a few common mistakes:
1. Ignoring fundamental analysis
2. Ignoring technical analysis
3. Inappropriate position sizing
4. Failing to monitor position
5. Inexperienced or incompetent management
6. Ignoring general market conditions
7. Ignoring relevant industry conditions
8. Following the herd
9. Following tips
10. Becoming involved in a fad
11. Failure to see whether company has funds to achieve goals
12. Dishonest or greedy management
13. Failure to compare to compertitors
14. Failure to Act when a decision is required
15. Greed
16. Inappropriate timeframes
17. Failure to do own analysis/research.
18. Overdue influence from financial adviser/broker.
16. Fear
18. Lack of discipline when buying or selling
19. Lack of review system
20. Lack of performance measures
21. Inadequate resources (equipment/software/recording)
22. Failure to read sector rotation.
23. Lack of understanding of company's key driving forces.
24. Imbalance in portfolio
25. Failure to use time effectively i.e. overposting on HC
26. Overtrading.
27. Lack of patience.
28. Believing management
29. Lack of cash reserves
30. Inappropriate trading structure
31. Failure to provide for income tax when due
32. Failure to have an exit plan
33. Believing history will repeat itself. i.e. historic prices.
34. Setting realistic Investment returns
35. Records not up to date i.e. current portfolio/bookkeeping for tax
36. Execution Errors /need for appropriate order journal & software
37. Not being prepared for market opening
38. Believing that you must be in the market all the time
39. Hope trades
40. Failure to define exit target prior to trade.
41. Failure to exit at targets
42. Failure to check recent announcements.
43. Failure to review possible downside before entry.
44. Failure to regular review stocks held.
45. Failure to back up data & research
46. Believing Newspaper/newsletters/media reports
Regards
Buffett