Sep 9, 2013

Three Biggest Trading Misakes

There's an important reason you need to know what
these mistakes are... which... I can explain by
telling you about this...
Did you know there's a toilet paper shortage in
Venezuela?
According to the gov't, the shortage is due to a
media campaign to undermine the country.
Sounds kinda silly, doesn't it?
In reality, the shortage is due to a big mistake
the Venezuelan gov't is making. The reason for the
shortage is due to state-controlled prices.
Economics experts agree that prices set below market
clearing price always result in shortages.
By not knowing (or admitting) this mistake, the gov't
of Venezuela is causing a rather unnecessary
inconvenience to its people.
Here are the trading mistakes you need to recognize
and correct...
Mistake #1:
-----------
The first trading mistake is not knowing how to
pick the right stocks.
Success in trading stocks starts with research.
Picking the right stocks is half the battle.
You wouldn't get in a car and drive around
aimlessly. You'd have a destination in mind and
a route to follow.
Before you can trade, you need to know WHAT to
trade
. You need a list of hot stocks that are
ready to go up in value.
And you can't guess.
Otherwise, you might decimate your account.
Mistake #2:
-----------
Not knowing HOW to trade the stocks you pick.
Countless formulas and trading methods exist.
The big question is...
"What is the best way to turn each pick into
actual gains as fast as possible?"
You can't guess here either.
The wrong trading method can turn a winner into
a loser in no time flat. No two trades are alike.
So you need a flexible formula that works in any
situation.
Mistake #3:
-----------
Getting creamed by your emotions.
Emotional trading is the death of success in the
markets. The reason so many traders get anxious
is because they lack confidence in their plays.
And they lack confidence in their trading method.
Take care of Mistakes #1 and #2 and the third one
almost takes care of itself.

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