We learnt the following the hard way! If any of these things applies to you, don't worry ? there is an easy solution!
MISTAKE ONE
Lack of Knowledge and No Plan
It amazes us that some people expect to trade the stock market successfully without any effort. Yet if they want to take up golf, for example, they will happily take some lessons or at least read a book before heading out onto the course.
The stock market is not the place for the ill informed. But learning what you need is straightforward ? you just need someone to show you the way.
The opposite extreme of this is those traders who spend their life looking for the Holy Grail of trading! Been there, done that!
The truth is, there is no Holy Grail. But the good news is that you don't need it. Our trading system is highly successful, easy to learn and low risk.
MISTAKE TWO
Unrealistic Expectations
Many novice traders expect to make a gazillion dollars by next Thursday. Or they start to write out their resignation letter before they have even placed their first trade!
Now, don't get us wrong. The stock market can be a great way to replace your current income and for creating wealth but it does require time. Not a lot, but some.
So don't tell your boss where to put his job, just yet!
Other beginners think that trading can be 100% accurate all the time. Of course this is unrealistic. But the best thing is that with our methods you only need to get 50-60% of your trades "right" to be successful and highly profitable.
MISTAKE THREE
Listening to Others
When traders first start out they often feel like they know nothing and that everyone else has the answers. So they listen to all the news reports and so called "experts" and get totally confused.
And they take "tips" from their buddy, who got it from some cab driver?
We will show you how you can get to know everything you need to know and so never have to listen to anyone else, ever again!
MISTAKE FOUR
Getting in the Way
By this we mean letting your ego or your emotions get in the way of doing what you know you need to do.
When you first start to trade it is very difficult to control your emotions. Fear and greed can be overwhelming. Lack of discipline; lack of patience and over confidence are just some of the other problems that we all face.
It is critical you understand how to control this side of trading. There is also one other key that almost no one seems to talk about. But more on this another time!
MISTAKE FIVE
Poor Money Management
It never ceases to amaze us how many traders don't understand the critical nature of money management and the related area of risk management.
This is a critical aspect of trading. If you don't get this right you not only won't be successful, you won't survive!
Fortunately, it is not complex to address and the simple steps we can show you will ensure that you don't "blow up" and that you get to keep your profits.
MISTAKE SIX
Only Trading Market in One Direction
Most new traders only learn how to trade a rising market. And very few traders know really good strategies for trading in a falling market.
If you don't learn to trade "both" sides of the market, you are drastically limiting the number of trades you can take. And this limits the amount of money you can make.
We can show you a simple strategy that allows you to profit when stocks fall.
MISTAKE SEVEN
Overtrading
Most traders new to trading feel they have to be in the market all the time to make any real money. And they see trading opportunities when they're not even there (we've been there too).
We can show you simple techniques that ensure you only "pull the trigger" when you should. And how trading less can actually make you more!
David Chandler
For free mini-course on stock and options trading click the following link:
http://www.stockmarketgenie.com
Or visit our blog at: http://www.stockmarketgenie.com
Ordinary People Making Extraordinary Profits!
The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.
one time home cleaning Highland Park ..There are formulas for just about everything, but it has... Read More
That sounds like good advice doesn't it? Don't lose all... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
In one of my previous articles (Investing in the stock... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
(1) Stock Market is Tough Place to Make Any Money... Read More
One Saturday morning, while he was sitting at his computer... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
I am taking the time to help others learn the... Read More
How can you dispel an illusion unless you look directly... Read More
It is finally catching up with them. The brokerage companies... Read More
Both the stock market and oil prices rallied recently, which... Read More
All stock trading and investing methods must deal with the... Read More
When we go to the circus we see a trapeze... Read More
Every successful trader has a winning system. There are of... Read More
Every day I hear from the "experts" on CNBC-TV and... Read More
How many people went to a cash position this week?... Read More
I use the P/E ratio as a secondary indicator for... Read More
If you've ever flipped on the television to CNN Financial... Read More
In my opinion, due to the volatility of stock market... Read More
Several times each month I am solicited by various market... Read More
Look back over the years and try to remember how... Read More
Carefully thinking through your goal as a trader is of... Read More
The Shadow knows. Remember him? It seems a shadow has... Read More
Maximizing a stock market investmentThere are several factors an investor... Read More
licensed cleaning services Park Ridge ..The basis of diminishing return discussions surround such simple notions;... Read More
Options trading can increase the profits you make when trading... Read More
Using Swing Trading Strategies and Technical Analysis when Trading Stocks... Read More
'Sector funds are too risky.' 'I doubled my money with... Read More
This is the continuing story of our two imaginary traders,... Read More
∙ Make every investment in the stock market a long-term... Read More
Fundamental analysis.Fundamentals analysis says the best way to predict the... Read More
The date October 13, 2000 will forever be embedded in... Read More
"There is nothing more frightful than ignorance in action!" Johann... Read More
Index Fund Trading can be one of the most profitable...or... Read More
Robert Rodriguez likes to buy stocks at their lows. When... Read More
Both the stock market and oil prices rallied recently, which... Read More
"If you don't know where you are going, any road... Read More
Let's go into the details of why non-indexed mutual funds... Read More
Have you been listening to the talking heads on CNBC-TV?... Read More
The Bollinger Band theory is designed to depict the volatility... Read More
During the month of January the Dow Jones Industrial Average,... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
Duck! No I don't mean a quack, quack. I meant... Read More
Success in small cap & micro cap stock trading like... Read More
Mutual funds are doing more and more to discourage investors... Read More
You have decided to buy some stock or mutual funds,... Read More
If there is one term over-used when talking about making... Read More
Mutual fund investing is a lot like Thai cooking. Everyone... Read More
Quick, look out the window. It's raining. No, the sun's... Read More
Stocks & Mutual Fund |