I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Sunday 22 July 2012

Top 10 Ways To Lose All The Trading Money - Guaranteed!

#10 - Finding the perfect technical indicator.
#9 - Always do what your technical indicator says to do like BUY at Oversold RSI. It takes precedence over price action.
#8 - Visit a lot of stock trading forums and ask for hot stock tips.
#7 - Follow what other traders do as they have been trading a lot longer than you.
#6 - Track the fundamentals. You MUST know the P/E ratio, book value, profit margins, etc.
#5 - No need for a trading plan. If you see a good stock just buy it. Don't think of your Exit.
#4 - Buy expensive computers and software. Watch CNBC etc! You NEED all of these in order to trade stocks successfully
#3 - Always follow your emotions. If you feel nervous, sell the stock! Buy, when Excited !
#2 - Don't use stop loss. When the time comes, you can sell your shares and take a loss.
#1 - Absolutely, FORGET about managing your money. Don't worry about how much you can lose on one trade. Only think about how much LOOT you r gonna make..

Well, this is my top 10 tips for new traders!
I followed them all when I first started trading !!

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