The 5 Biggest Mistakes New Traders Make

The 5 Biggest Mistakes New Traders Make

To get the transcript and MP3, go to: https://www.rockwelltrading.com/coffee-with-markus/the-5-biggest-trading-mistakes/

Intro: 0:00
Trading Strategy Recap: 0:13
Trading The Wrong Stock Or Option: 1:45
Entering A Trade Too Early: 2:30
Entering A Trade Too Late: 3:54
Taking Profits Too Early: 5:11
Not Getting Out Of Losing Trades: 5:47

Let’s talk about the top 5 biggest trading mistakes that are TOTALLY preventable.

As we work through this list, I’m saving the best for last. And by best, I mean WORST!

This mistake is SO big, I actually refer to it as the “Account Killer”.

But, before we get in too deep...

Let’s have a recap.

What’s the importance of having a proper trading strategy? It’s typically one of the BIGGEST differences between profitable and non-profitable traders.

Sounds pretty important to me...

SO, what does a proper trading strategy consist of?

There are 3 parts to a bulletproof trading strategy:

1.)What to trade - What stock or option should you purchase?
2.)When to enter- What strike price to buy the asset at?
3.)When to exit - When to exit? With a profit or a loss?

If you want to learn more about my trading strategy, you can check out my detailed plan here, https://bit.ly/2wMQ7zW.

If you’d like to learn more about these levels and when to enter a trade, check out this FREE book https://bit.ly/2wMQ7zW, it could literally save you thousands of dollars.

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Видео The 5 Biggest Mistakes New Traders Make канала Markus Heitkoetter