Many traders, both new and experienced, fall victim to these common trading mistakes. Tim Bohen is here to help educate you, so you can avoid these trading pitfalls.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: [ Ссылка ]
✅ Links we mention and recommend:
Try StocksToTrade for $7: [ Ссылка ]
Get our FREE weekly watchlist here: [ Ссылка ]
Check out the SteadyTrade podcast: [ Ссылка ]
✅ Recommended video: [ Ссылка ]
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: [ Ссылка ]
Advanced Stock Trading Tips: [ Ссылка ]
StocksToTrade Software Tips and Tricks: [ Ссылка ]
Weekly Trading Recap Videos: [ Ссылка ]
✅ Follow StocksToTrade on social media:
Instagram: [ Ссылка ]
Facebook: [ Ссылка ]
Twitter: [ Ссылка ]
The first common trading mistake is following hot stock picks. You can find these stock picks in emails, newsletters, twitter, and chat rooms. Look to develop your own process. You're never gonna be consistent or self-sufficient by following others.
The second mistake traders often make is trying to trade without a good setup. There’s a common misconception that the more work you do the more likely you are to succeed. However, sometimes no trade is the best trade. Avoid randomness, and avoid trades that don't match all of your criteria.
The third mistake you should learn to avoid is having too much faith in penny stocks. The last thing you wanna be is a bag holder. A bag holder is a trader that bought in the beginning, most of the time saw profit, was green on the trade, got greedy, believed the story, overstayed, and then turned that winner into a loser. Penny stocks are opportunities to make money, not long term trades or investments. They're day trades or they're swing trades, they're a great way to make profits over a short term, but don't fall for the story and become a bag holder.
The final common trading mistake is not putting in the time or effort to truly learn the materials, the setups, the chart patterns, the analysis, etc. That is not the way to be successful. Invest in your education, spend the time and really build your trading skills.
#StocksToTrade #TradingMistakes #DayTrading
----------------------------------------------------------------------------------------------------------------
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
