7 mistakes of trading

there are many mistakes that we all do , whatever may be the reason is . may be we are beginners , or too over -confident , or risk taker anything.
i m just jotting down 7 mistakes that have been  a aprt of everyone’s mistakes list over the time .

MISTAKE ONE

Lack of Knowledge and No Plan

It amazes us that some people expect to trade the stock market successfully without any effort. they have got no trading plans , noone to give the right guidance . they just decide on trading on the spread of words .

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 new traders expect to make billions by next trade.  Or they start to write out their resignation letter before they have even placed their first trade!

please remember that stock market can be a great way to replace your current income and for creating wealth but it does require time. may be  not a lot of time but defiately some time.

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 to their doubts and queries and will fetch them good returns . 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…

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.
the required action is to get your emotions in control while trading and strictly follow the trading plan .

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!