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.
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Share this video with a fellow Trader: https://youtu.be/ZeoU_5Zki5o
✅ Links we mention and recommend:
Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/l34ywIiVqY8
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
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.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/ZeoU_5Zki5o
✅ Links we mention and recommend:
Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/l34ywIiVqY8
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
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.
Sometimes the best trade is to form a watchlist and WAIT
Lost 200 quick cause of low volume stock. The rest of the time i lost 20 30 bucks before i finally slowed down and started making plans. Now I'm not making great trades but I'm not loosing my but
My first month was a deep red state! No education and simple degenerate gambling.
I've been trading long range for some time. I've done pretty well overall. That said, I've studied a lot and I mean A LOT!
Although I've done well long term. I'd like to take my game to the next level with penny stock day trading. It is a different game than the one I've been playing. I know that and that is why I'm here!
Second largest trade in 1st 5 months and to date was in 1st month in Jan 19’
It's been up and down, barely profitable.. about $130 up since May 20, 2019! (Started with $1400)
Had small account $1000 so was learning how to getting in and out so most losses were small had two brokers and blew up one account but learned lots.
How was your first month of trading? Whether it was a year ago, or a couple years ago, were you profitable or were you a losing trader in the beginning?
Still not consistently profitable so focusing more on the education.
Thank you tim !
the first month it was good fo0r me ..but the more you know the more you Get confused..
Thank you!) I`m not started trading yet, but learn a lot of information every day about this niche