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Here are some beginner mistakes I have seen option traders make. If you recognize and can relate to any of these, I hope my instructions will help prevent you from making future mistakes. Enjoy ! 🙂
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“Failed Traders: The 20 Common Mistakes Committed By Over 1000 Losing Traders” is a must read for every trader that is either struggling or has failed attempting to make money trading. Based on Goldman’s personal observations of over 1000 failed traders, this e-book gives stories, examples, and personal conversations with the actual traders. By NOT performing these 20 mistakes, traders that read this book will only be left with the correct actions that will increase their probability of a prof
http://www.pennystockstraining.com Stock trading for beginners and some of the common mistakes beginner stock traders make. You need to educate yourself and get proper training before attempting to trade stocks on your own. Penny stocks are the most profitable stock trades and Tim Sykes has put together a great penny stocks for beginners training course. This is an opportunity to be taught by a penny stock millionaire who has more millionaire students than any other stock trading trainer providing stock trading lessons.
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Ep 146: 12 Common MISTAKES Beginners Make in Stock Trading
★ SUMMARY ★
Making a mistake when you first start trading can be both disappointing and discouraging.
I’ll let you in on something that I’ve learned throughout my professional experience- no one knows exactly what to do when they start out in the stock market for the first time. However, there is a way that you can avoid these mistakes.
One of the best things you can do to elevate your trading success is to learn from the mistakes of those who have already gone through the trial and errors of all the beginning stages.
In this video, I will share with you a handful of common mistakes that beginning traders make so that you can learn how to avoid a wide range of mistakes ranging from inner game to outer game, underestimating the ease of the market, and creating bad trading habits.
#1 believing that the market is easy to make money
#2 having no plan of action for each trade
#3 having the wrong habits
#4 emotionally tied to a stock
#5 not taking profits into strength
#6 holding on to losers
#7 averaging down your position incorrectly
#8 using excessive leverage
#9 trying to save a position (compensating in new positions, trying to short it, etc)
#10 following people blindly
#11 looking at the short-term instead of the long-term
#12 not investing in yourself
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Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.
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