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COMMON
TRADING MISTAKES
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
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Happy Investing & Trading… |