| THE SEVEN MISTAKES ALL NOVICE TRADERS MAKE |
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We learnt the following the hard way! If any of these things applies to you,
don't worry – there is an easy solution!
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| 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.
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| 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.
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| 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!
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| 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!
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| 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.
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| 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.
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| 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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