The Seven Mistakes All Novice Traders Make and How to Correct Them

We learnt the following the hard way! If any of theselisten to anyone else, ever again!
things applies to you, don't worry - there is an easyMISTAKE FOUR
solution!Getting in the Way
MISTAKE ONEBy this we mean letting your ego or your emotions get
Lack of Knowledge and No Planin the way of doing what you know you need to do.
It amazes us that some people expect to trade theWhen you first start to trade it is very difficult to
stock market successfully without any effort. Yet ifcontrol your emotions. Fear and greed can be
they want to take up golf, for example, they will happilyoverwhelming. Lack of discipline; lack of patience and
take some lessons or at least read a book beforeover confidence are just some of the other problems
heading out onto the course.that we all face.
The stock market is not the place for the ill informed.It is critical you understand how to control this side of
But learning what you need is straightforward - youtrading. There is also one other key that almost no one
just need someone to show you the way.seems to talk about. But more on this another time!
The opposite extreme of this is those traders whoMISTAKE FIVE
spend their life looking for the Holy Grail of trading!Poor Money Management
Been there, done that!It never ceases to amaze us how many traders don't
The truth is, there is no Holy Grail. But the good newsunderstand the critical nature of money management
is that you don't need it. Our trading system is highlyand the related area of risk management.
successful, easy to learn and low risk.This is a critical aspect of trading. If you don't get this
MISTAKE TWOright you not only won't be successful, you won't
Unrealistic Expectationssurvive!
Many novice traders expect to make a gazillion dollarsFortunately, it is not complex to address and the simple
by next Thursday. Or they start to write out theirsteps we can show you will ensure that you don't
resignation letter before they have even placed their"blow up" and that you get to keep your profits.
first trade!MISTAKE SIX
Now, don't get us wrong. The stock market can be aOnly Trading Market in One Direction
great way to replace your current income and forMost new traders only learn how to trade a rising
creating wealth but it does require time. Not a lot, butmarket. And very few traders know really good
some.strategies for trading in a falling market.
So don't tell your boss where to put his job, just yet!If you don't learn to trade "both" sides of the market,
Other beginners think that trading can be 100%you are drastically limiting the number of trades you
accurate all the time. Of course this is unrealistic. Butcan take. And this limits the amount of money you can
the best thing is that with our methods you only needmake.
to get 50-60% of your trades "right" to be successfulWe can show you a simple strategy that allows you
and highly profitable.to profit when stocks fall.
MISTAKE THREEMISTAKE SEVEN
Listening to OthersOvertrading
When traders first start out they often feel like theyMost traders new to trading feel they have to be in
know nothing and that everyone else has thethe market all the time to make any real money. And
answers. So they listen to all the news reports and sothey see trading opportunities when they're not even
called "experts" and get totally confused.there (we've been there too).
And they take "tips" from their buddy, who got it fromWe can show you simple techniques that ensure you
some cab driver...only "pull the trigger" when you should. And how trading
We will show you how you can get to knowless can actually make you more!
everything you need to know and so never have to