03-21-2019, 01:21 PM
From book
The Subtle Trap of Trading
I’ve got some good news and bad news for you.
The good news is that in your hands you will hold the short cut to making the
dreams you started with a reality. The bad news is that this is still going to
take some dedication and work on your part. That’s not really bad news,
though. If you’re willing to do some work, then this course may save you
tens of thousands of dollars that you had to earn in the first place.
If you’re willing to do what’s given to you in this course, then you’ll find a
sense of calming reassurance that you are capable of being successful as a
trader, and you’ll enjoy the lifestyle that you’re hoping for.
The markets offer returns not found in most arenas of investing, and for
those who properly prepare and keep their head on straight along the way,
life is very good.
This is no different from life itself. You’ll get out of it what you put into it.
What this course will NOT cover.
I am NOT going to make any recommendations regarding which system you
should use. There are dozens of different systems, indicators, and methods
for trading. Which one you use is a personal choice that should be based on
your emotional style (I’ll help you figure that out) and what is the best fit for
you. Every person is individual; you have your own personality and should
choose the one that feels right. I don’t know of any “one-size-fits-all”
trading program that is the right one for everybody on the planet.
Trading is a personal matter. You are who you are and you should play the
game on whichever field you like, with whatever tools and equipment you
want. What you use should be based on what “fits” best for you. Those are
your choices, your decisions.
The Mistakes That Traders Make That Bring Ruin
1. Under-estimating what it takes to be successful in trading
2. Over-estimating your abilities as a trader
3. Over-estimating your emotional control
4. Starting off un-educated, and thinking that you can “learn as you go”
5. Ignorance of how trading and the markets actually work
6. Treating trading like a hobby or sport, rather than as a business
7. Starting off under-capitalized
8. Using money that isn’t truly risk-capital
9. Over-confidence
10. Being in a hurry to make money, to hit the home run
11. Thinking too short term
12. Guessing at what the charts and patterns mean, then acting on that guess
13. Trading without a plan
14. Having unrealistic expectations for trading
15. Over trading your account (both in size and frequency)
16. Not defining the trade your going to take
17. Not defining the risk / reward for each trade
18. Not using stops
19. Wanting to be right instead of making money
20. Listening to others (deviating from your methodology or system)
21. Trading the opinion of others (e.g. market direction)
22. Trading hunches
23. Trading markets that you don’t understand
24. Risking money on systems that you don’t fully understand
25. Trading only fundamental news without adequate analysis
26. Using too many oscillators or indicators
27. Not paying attention to previous market action, ignoring the history
28. Overspending on computers and software
29. Trading around the clock (another form of overtrading)
30. Having a fear of losing money
31. Lack of money management
32. Thinking that you can ‘beat the market’ if you just analyze it enough
33. Assuming that paper trading alone will successfully lead to profitable trading
34. Using the wrong methodology for your level of expertise or emotional style
35. Not understanding your own ‘emotional style’
36. Not asking questions to ask gain understanding when starting out.
37. Changing systems and markets frequently without ‘mastering’ any of them
38. Not documenting their trades, or at least inadequately so
39. Not reviewing trades after the fact to learn from one’s mistakes
Now, take a look at the 39 mistakes in-depth in the book...
https://www93.zippyshare.com/v/TSVsXgnm/file.html
The Subtle Trap of Trading
I’ve got some good news and bad news for you.
The good news is that in your hands you will hold the short cut to making the
dreams you started with a reality. The bad news is that this is still going to
take some dedication and work on your part. That’s not really bad news,
though. If you’re willing to do some work, then this course may save you
tens of thousands of dollars that you had to earn in the first place.
If you’re willing to do what’s given to you in this course, then you’ll find a
sense of calming reassurance that you are capable of being successful as a
trader, and you’ll enjoy the lifestyle that you’re hoping for.
The markets offer returns not found in most arenas of investing, and for
those who properly prepare and keep their head on straight along the way,
life is very good.
This is no different from life itself. You’ll get out of it what you put into it.
What this course will NOT cover.
I am NOT going to make any recommendations regarding which system you
should use. There are dozens of different systems, indicators, and methods
for trading. Which one you use is a personal choice that should be based on
your emotional style (I’ll help you figure that out) and what is the best fit for
you. Every person is individual; you have your own personality and should
choose the one that feels right. I don’t know of any “one-size-fits-all”
trading program that is the right one for everybody on the planet.
Trading is a personal matter. You are who you are and you should play the
game on whichever field you like, with whatever tools and equipment you
want. What you use should be based on what “fits” best for you. Those are
your choices, your decisions.
The Mistakes That Traders Make That Bring Ruin
1. Under-estimating what it takes to be successful in trading
2. Over-estimating your abilities as a trader
3. Over-estimating your emotional control
4. Starting off un-educated, and thinking that you can “learn as you go”
5. Ignorance of how trading and the markets actually work
6. Treating trading like a hobby or sport, rather than as a business
7. Starting off under-capitalized
8. Using money that isn’t truly risk-capital
9. Over-confidence
10. Being in a hurry to make money, to hit the home run
11. Thinking too short term
12. Guessing at what the charts and patterns mean, then acting on that guess
13. Trading without a plan
14. Having unrealistic expectations for trading
15. Over trading your account (both in size and frequency)
16. Not defining the trade your going to take
17. Not defining the risk / reward for each trade
18. Not using stops
19. Wanting to be right instead of making money
20. Listening to others (deviating from your methodology or system)
21. Trading the opinion of others (e.g. market direction)
22. Trading hunches
23. Trading markets that you don’t understand
24. Risking money on systems that you don’t fully understand
25. Trading only fundamental news without adequate analysis
26. Using too many oscillators or indicators
27. Not paying attention to previous market action, ignoring the history
28. Overspending on computers and software
29. Trading around the clock (another form of overtrading)
30. Having a fear of losing money
31. Lack of money management
32. Thinking that you can ‘beat the market’ if you just analyze it enough
33. Assuming that paper trading alone will successfully lead to profitable trading
34. Using the wrong methodology for your level of expertise or emotional style
35. Not understanding your own ‘emotional style’
36. Not asking questions to ask gain understanding when starting out.
37. Changing systems and markets frequently without ‘mastering’ any of them
38. Not documenting their trades, or at least inadequately so
39. Not reviewing trades after the fact to learn from one’s mistakes
Now, take a look at the 39 mistakes in-depth in the book...
https://www93.zippyshare.com/v/TSVsXgnm/file.html