|
Author: David Chandler Article source: http://www.cashflowseller.com/. Used with author's permission.
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://stockmarketgenie.blogspot.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.
How a Hacker Developed a Winning Golf Swing
This is about a business client of mine who had used Mind Movies successfully to help him develop his career. He then asked me if it would be possible to develo...
How Your Own Website Helps Your Small Business Grow
What do you mean, you don't have a website for your small business? Now that the Internet age is well and truly upon us, small business owners who haven't yet r...
Get Personal With Google
Anyone who's been on the net any time at all knows that Google has been the search engine of choice for many for a while now. Whether that continues remains to ...
RSS Works: Hard Metrics to Prove It
Does RSS really work for marketers? Does it increase click-through rates, drive visitors and improve search engine rankings? These hard metrics will for the fir...
7 Steps to Successful Publishing
The decision to publish a book is very exciting! It causes the creative juices to flow and the eyes to light up. But wait - before you begin the publishing proc...
Menopause Mood
On approaching menopause, many women do fear falling into profound moodiness. Even doctors believe this can happen.
Express Yourself With Intimate Apparel
Even with the immense popularity of intimate apparel, there are still a lot of women out there who are not comfortable with wearing it. Whether you don't feel c...
Chinese Cooking Technique: Thicken
"Thicken", or "Thickening" is a very common technique used in both Chinese restaurants and household kitchens. It is very easy to prepare, but if not used prope...
Skilled Mechanic Wage Study Review
Labor Issues Study; finding skilled automotive technicians for your automotive business.
Learn How to Lose and Risk Management
One of the leading traders on Chicago Mercantile Exchange, because of a single trade lost everything! For all of his years of experience and money, he had faile...
Internet Cell Phone Deals - How to Take Advantage of Them
This article discusses how consumers can take advantage of incredible cell phone deals by purchasing via internet retailers.
The Truth About Lactate and Exercise
It is proposed that lactate builds up in the muscle cells during intense exercise and literally "poisons" them, essentially shutting down activity biochemically...
Positive Thought
The power of positive thoughts to affect one's experience of life has long been recognized. Positive thinking has been credited with the success of many busines...
Real Estate Disputes And Partition
How and why title to real estate is partitioned.
Small Business Strategies - Four Critical Success Factors
With many companies being small businesses, understanding what takes your company to the next level is critical. These Four Success Factors will help you gain t...
Is the Time Right for You to Re-mortgage?
Five reasons why you could benefit from a re-mortgage and how that 'benefit' can be turned into a real profit for your future.
Is Eating Right All The Time Causing You Stress?
Have you ever considered that how much you worry about how perfect your food program affects the uptake of nutrition in that food itself? Stress is very demand...
Acne in Laymans Terms
Martin Bevon's article "Acne in Layman's Terms " explains in detail everything to do with the causes of acne.
The Hidden Job Market: Real or Imagined?
To propel your job search into new territory, you need to locate the unadvertised job opportunities. Few job seekers know how to tap the hidden job market wher...
Free Resume Template: Beware!
Downloading a free resume template can seem like the easy way to create a resume. It's easy all right, but be careful. A template is just a tool. Be sure to cha...
How Do I Choose My New Pets Name?
Choosing a name for a new pet is never easy. Sometimes it's a good idea to just wait for a couple of days and see if the pet's own character or behavior traits ...
Bread Pudding
I can remember as a small child my mother making bread pudding. It always seemed to take forever with those wonderfully sweet aromas wafting throughout the hou...
Why Ugly Sites Sell More Than Pretty Ones
Learn the biggest mistakes most are making with their websites. Don't make your website too pretty - ugly websites sell more! We provide proof in this article...
How Body Mass Index Works – Set Your Weight Loss Goals
Many people want to lose a few of those annoying pounds, but they just don't know where to start. If only there was some sort of guide that would help dieters ...
|
Print this page