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Here're the top technical analysis mistakes traders must avoid at all costs

Once traders get a hold of technical analysis, their behaviour tends to become exaggerated.

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Photo: Reuters
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It's always a wiser choice to get fully equipped with all the aspects of technical analysis instead of relying on others to navigate the trade.

Avdhut Bagkar Mumbai
Learning technical analysis is a tedious task which takes years of practice and study to master. Traders undergo a whole lot of emotions till they can get a fair idea about the structure and skills involved in technical analysis. And, because of this, a few market participants tend to deviate from the core ideology of technical analysis. However, doing so may lead to losses which in turn, destroys the trading morale.

Here are the lists of behaviours that traders should avoid

Adamant about holding stock

Whenever the stop loss (SL) is hit, the trader should cut