| The best Stock Market advice you will ever read is | | | | exchange. Or, they may use one set of indicators |
| to learn from mistakes when someone else has | | | | one day, and the next day they will throw these |
| made them. So, this stock market advice list I made | | | | indicators out the window and take on a completely |
| a list of some of the most common trading mistakes | | | | new set. Without a consistent approach, the only |
| that are made. Even I've made some of these. If | | | | thing governing their trading decisions is really |
| you have already made some of the mistakes, you | | | | emotions, and that will doom them to failure. |
| can rest assured that you aren't alone in making | | | | If a new trader has managed to skip these last two |
| them. If you haven't made them, then here's a way | | | | mistakes, they often fall down when they try to go |
| to get around having to learn by making the | | | | it alone. This is my Stock Market advice #3, all |
| mistakes yourself, by reading my stock market | | | | traders should find themselves a coach, or a mentor. |
| advice list. | | | | Someone who can help them spot the errors in their |
| The Stock Market advice tip #1, and worst mistake | | | | system that they might not have noticed. An outside |
| that people make is that they believe trading is the | | | | point of view can help you avoid other costly |
| easy answer, a way to get rich quickly. People will | | | | mistakes, and greatly increase your profits. |
| often expect to become wizards in the market | | | | These are some common and quite basic mistakes. |
| overnight, but they fail to realize that trading is like | | | | The next errors I'll mention are ones that are just as |
| any profession; you must learn how to do it first. | | | | prevalent in the trading industry, but they often |
| For example, would you attend a weekend doctor's | | | | occur once traders have been around for a while. I |
| seminar and expect to conduct heart surgery on | | | | have some personal experience with these mistakes. |
| Monday? Of course not! I am shocked at what | | | | Let's call this stock market advice list, the three most |
| people expect when they go to a weekend trading | | | | expensive mistakes I've made. |
| seminar. They think they will create wealth without | | | | My stock market advice mistake tip #4, or the first |
| having to work, invest or think, and it just doesn't | | | | most expensive mistake, I made was to search for |
| happen that way. | | | | the "Holy Grail" of trading. This was an incredible |
| After treating trading like a get rich quick scheme, | | | | waste of both time and money. During the first three |
| my next stock market advice tip #2 and most | | | | years of my trading career, I spent over $25,677 on |
| common mistake, is to approach the market without | | | | a library full of books, videos and seminars as well as |
| a plan. Without a trading plan, traders approach the | | | | spending thousands of hours in search of the perfect |
| market in an inconsistent manner. One day they | | | | trading methods. Honestly, 95% of what I bought |
| trade stocks and the next they trade the foreign | | | | was pure junk |