trading screen Top 5 Costly Mistakes New Traders Make

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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

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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.

trading screen Top 5 Costly Mistakes New Traders Make
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Education	Upload TimePublished on 27 Feb 2019

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