4 Fatal Trading Mistakes to Avoid

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

 

There are many mistakes that traders make.  I feel as though I’ve made them all at some point.

Here I discuss the 4 Fatal Trading Mistakes that you must avoid in order to achieve success in the stock market. They include:

 

Mistake #1: Listening to Gurus.  

Hone your skills and listen only to the market.  You’ll be much better off.  No one cares as much about your money as you do.

 

Mistake #2: Buying at any old time

Just because you researched a stock and like it, doesn’t mean that you need to run out and buy it immediately.  You must develop a plan on when you will buy and how much.

 

Mistake #3: Not having an exit strategy

Just like in buying, we also need a plan for when and under what circumstances we’ll sell.  It is possible to lose money on a stock that goes up 100% if we don’t have a sell plan.  It isn’t about how much we make…it’s about how much we keep!

 

Mistake #4: Risking too much

This speaks to the question of “how much to buy” (a.k.a. position sizing).  If we buy too much and the stock moves against us, we can easily blow up our accounts.  Buy too little and if the stock moves in our favor, it won’t have much of an impact.  We need to think of Goldilocks and buy “just right”.

 

What are the biggest mistakes that you’ve made in the market?  

Leave it in the comments below… or BETTER YET… JOIN OUR FACEBOOK GROUP… ChartYourTrade Family

 

 

Check out some of our other videos:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Here are more articles you may like

Recent covid news leaves market uncertain

Stocks End Mixed On Covid News

Do You Know The Most Under-Valued Stocks In The Market?  Our Members Do. Take a FREE TRIAL – CheapBargainStocks.com Week-In-Review: Stocks End Mixed On Covid

Read More »
stocks soar after election

Stocks Soar After The Election

Do You Know The Most Under-Valued Stocks In The Market?  Our Members Do. Take a FREE TRIAL – CheapBargainStocks.com Week-In-Review: Stocks Soar After The Election

Read More »

Grab Wall Street By The Bulls

Alpha Alerts
$ 20 Monthly
  • 4 "Hot Stock/Option" Picks A Month
  • Exact Entry Points. So you know exactly where to get in BEFORE the crowd.
  • 30-Day FREE Trial! That means you get 4 big stock picks for FREE!
  • Free E-Book, "Trade Like A Wizard"
  • Unlimited Access to the Intro to Wall Street video series.
  • If you love it, it's only $20 a month with
    No Contracts! Cancel Anytime!

Claim Your Free Guide Today

Give us your email and we will give you the tools to change your life. 

FREE 7 DAY EMAIL COURSE

Learn about Early Entry Points & much more...