Don’t want to be a bumbling newbie trader? Tim Bohen’s got ya. Check out his core tips for starting to trade, including what not to do and few key essentials...
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If don’t make time to learn the market, it can destroy your success.
Too many people just jump in — these days it’s easier than ever to start trading. You can start literally today. You just need a laptop, a Wi-Fi connection, and some extra cash. So you could open a brokerage account now and make a trade.
That's one of the worst things to do. You need to put in the time to understand what you’re getting into first. Start with paper trading. Trade small. Work on your education and gain experience.
If you’re not using technology and the right tools, trading can turn into a huge struggle. We live in the greatest time in history technologically. From smartphones to super high-powered laptops to software like StocksToTrade … You have tons of opportunities to use technology to help you in trading smarter and growing your account.
Too many newbie traders don’t even write a trading plan. I think that’s a huge mistake. A trading plan helps you pinpoint your stop-loss, trading goal, and why you’re making the trade at all. You need to be thorough. Check and recheck your entries, exits, support and resistance levels…
Then you need to actually stick with your plan. This can help with a few things.
#1: It helps preserve your capital. If you're a new trader, this is one of the biggest, most important things you need to do to stay in the game.
#2: It helps you develop a healthier trading mindset. Sticking to your trading plan helps you develop discipline. So you’re less likely to jump into trades ‘just because’ and risk capital with no thesis and no research.
If you make plans, put in those stops and your goals. It can help your psyche and your account.
Don't let your stop-losses run. Don't take a bigger loss than you planned. If you allow those losses to grow, you have to make double just to bounce back. So cut those losses early!
#3: Don’t risk more than you can really afford. Your chances of blowing up are high. Every trade is a risk. Learn proper risk management and stick to it.

#StocksToTrade #DayTrading #TradingMistakes

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*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.