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New to stock trading? StocksToTrade lead trainer, Tim Bohen discusses the top 5 most common and costly mistakes new traders tend to make.
1. Trading the wrong stocks - The right stocks will have good volume and would have ran in the past.
2. Not building a trade plan - Knowing where you’ll enter and exit a trade and sticking to that plan is the best way to protect your profits.
3. NOT cutting losses quickly - New traders tend to let losses run in hopes that the stock will bounce back. This is the quickest way new traders burn up their accounts.
4. Overtrading - Trying to overcompensate for losses by making more trades. Overtrading can compound the problems and put you in a worse position.
5. Using the wrong trading tools - Cheaper trading sites lack the proper tools new traders need. The right trading platform quickly and consistently provides all the information you need to trade with confidence.
Don’t fall victim to these common trading mistakes! Learn to avoid these poor habits and focus on becoming 1% better, every day.
#StocksToTrade #Investing #DayTrading #TradingPlatform
*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.
Try StocksToTrade for 14 Days for $7: https://bit.ly/2VoHRhg
New to stock trading? StocksToTrade lead trainer, Tim Bohen discusses the top 5 most common and costly mistakes new traders tend to make.
1. Trading the wrong stocks - The right stocks will have good volume and would have ran in the past.
2. Not building a trade plan - Knowing where you’ll enter and exit a trade and sticking to that plan is the best way to protect your profits.
3. NOT cutting losses quickly - New traders tend to let losses run in hopes that the stock will bounce back. This is the quickest way new traders burn up their accounts.
4. Overtrading - Trying to overcompensate for losses by making more trades. Overtrading can compound the problems and put you in a worse position.
5. Using the wrong trading tools - Cheaper trading sites lack the proper tools new traders need. The right trading platform quickly and consistently provides all the information you need to trade with confidence.
Don’t fall victim to these common trading mistakes! Learn to avoid these poor habits and focus on becoming 1% better, every day.
#StocksToTrade #Investing #DayTrading #TradingPlatform
*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.
Recently joined the stocks to trade community. Love all the videos and wealth of info. I truly am learning to be a better trader, and only a couple weeks in! And lol I have made every one of these mistakes. Lessons learned, now focusing on planning and preparing!!
Great video Tim. As a beginner myself, I am guilty of over trading. Good lesson to learn. Thanks
great
You spoke about having helpful tooLs.
What do you recommend if one isn't able to purchase STT yet?
Great video. All facts!
Is stt as user friendly as cash app?
Are you wearing two watches?
couldnt really afford stt but did. Have a micro account now but will revisit this comment a year from now cause will be a success story. watching the videos doing the training putting in the time (4am every morning) Im thinking 6 figures by this time next year. am new and stt makes things so much easier so much less time trying to find the right stocks. I dig it.
waiting to be able to afford STT
I seen tremendous volume with srne the volume was 500 million never saw anything like it
I AINT SCOFFIN ATCHA HAIL TIM BOHEN
Am a proud user of STT….
🔥
Great advice, love StocksToTrade as well! Can't believe I used to trade OTCs on 15-minute delayed data lol, what a moron
Thanks Tim
I'm sure it's the best they're is. I haven't used my time wisely, (not gonna lie) during my trial period. Now it's going to to 179 I believe so I'm going to have to pull out until I prioritize.
STT is not only worth EVERY penny, it is the "apple" of trading software – So user friendly! The broker integration makes things so simple. The support is also a huge plus – very thorough and quick responses. HIGHLY HIGHLY recommend Stocks to Trade!
Wow! Tim, Bohen that is…. I have to say, you are the most encouaiging mentor I've ever encountered. Really appreciate you!
I love stockstotrade software ..it so nice
nice video..always learning from ya
Too expensive for someone that just wants to paper trade at the beginning
GREAT POINTS
Tim I agree 100% with you…specially with stocks to trade the best!
Love STT!!! Thanks Tim…
Webull 5.0 has all the same stuff and you can trade free their. Is there a reason ppl dont use webull?
New trader here. Working hard on having a plan and sticking to it. So far i have been good at cutti g my losses quickly and not letting my bad trades ruin my account.
I am all in 5.
my STT Membership paid for itself within the 2nd day of having it. Been hooked ever since lol
Excellent video! Very clear and so true!
error : that equals trust.
What were some of your beginner mistakes? Let us know in the comments below!