10 things to AVOID

1. Sideway market
   - Because of the time frame which will incur financial charges for CFD.
   - It is also because of volatility which will create lots of false signals.
2. Trading in a triangle pattern (e.g Ascending Triangle)
   - Triangle pattern strategy is to wait for breakout with high volume to occur. Without confirmation signals, you are trading with luck and not strategies.
3. Trading a lagging counter
   - You do not want to park your money in a lagging counter where missing out chances in active counter.
4. Buying at resistance
   -common mistake when you hope for price to breakout. You do not want to risk your capital!
5. Shorting at support
   - common mistake when you hope for support to break. You do not want to risk your capital!
6. Trading without setting cut loss
   - If you do not monitor your cut loss level, quit trading!
7. Risk and Reward less than 1
   - To lessen your risk, trade stocks with Risk and Reward above 1
8. Chasing for stocks
   - Common mistake when price breakout, we can always wait for price to pull back
9. Trading without a plan
   - Make sure you have a plan before entering the market. Target price, Entry price and Stoploss level
10. Having too much open position.
    - Make sure you calculate your position size. Money Management
    

The above are guidlines, not rigid rules, one should adjust accordingly to suit one's trading style

Golden Rules by
Stocktrader.sg