Discover the Biggest Trading & Investing Online Mistake

Any online investor / trader seeks an excellent off or online future trading career opportunity. Despite this goal, did you know 95 percent of all traders go broke within the first two months? Why do investors lose vast amounts of wealth in one or more of the following markets ? option trading, forex trading or currency trading, stock trading, future or commodity trading etc? in such a short amount of time?

Most online investors / traders interact in devastating forms of thinking, which convinces the mind to the point where the trader believes that an educational enhancement ability that develops superb market research skills is not important. On the contrary, if trading is not treated as other business opportunities, the new sales and trading job will cripple the trader. You must develop a purposeful or industrious undertaking to learn how it works. Would you conduct business as a brain surgeon with out a college or university degree? I do not think so; similarly, the same course of action holds true for trading success.

The secret of my success required an earnest and conscientious effort on my part. This action accomplished something to the point of pure boldness; in other words, no matter how boring or non-important you think learning how to trade may be, it must be done to insure a success story.

Every successful company needs a business plan. Yet, when most people take a gamble on the securities industry, they fail to put a trading plan into place. In other words, they end up going on an emotional roller coaster, governed by how the market performs.

Without a trading plan, the majority of traders approach the financial market in an inconsistent manner - i.e. they follow their whims. The typical pattern may include the following:

Day 1 - experiment with option trading
Day 2 - randomly select any online trading brokerage firm.
Day 3 ? try out future trading
Day 4 ? read about oriental trading then decides to go into that direction
Day 5 ? change mind completely and try currency trading or forex trading
Day 6 ? try day trading then in midstream chooses to hold trade for the long term
Day 7 ? venture off into stock trading
Day 8 ? dabble in commodity trading
Day 9 ? give up because you think it is a hopeless cause.

This example is meant to look confusing. Similarly in the illustration above, this trader may use one set of indicators one day, and the next day they will throw these indicators out the window and take on a completely set of new rules.

Unfortunately, with no consistent approach, your trading decisions, governed by emotions, are doomed to failure ??? here is why.

When faced with losing money in the market, what do traders do? Usually, they end up rationalizing to hold on to a losing stock. The driving force behind this is that they do not want to be wrong. They let their ego get in the way of making profits.

LOOK! Let us set the record straight. THIS IS A FIRM FACT - not every trade will be a winner. You will not make the maximum profit out of every trade. There is no Holy Grail trading system! You just need a trading plan, which matches your personality.

When I say trading plan, I am not talking about fundamental analysis or technical analysis specifically, I am talking about setting up a simply a set of guidelines to follow regardless of what stock selection method you use.

In fact, through a study of successful traders, I found there are many different trading methods for entering a security. I have seen people use technical analysis; fundamental analysis even astrology to determine when to enter a trade. Despite these varied entry methods, one component remains the same among successful traders? they all have a trading plan that suits them.

In fact, successful traders have a written plan and my friend this is the essential component to their success. I guarantee that investors who stick like glue to a trading plan are the ones who make NOT LOSE MILLIONS of dollars in their activities of online investing.

-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
David Jenyns is recognized as the leading expert when it
comes to designing profitable trading systems.

His most recent course Ultimate Trading Systems is a step-
by-step trading roadmap to designing profitable trading
systems. Learn how *you* can become one of his students.
Click Here ==> http://www.ultimate-trading-systems.com

Receive David's free trading tips by sending a blank email to:
==> [email protected] sponse.com
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

This week's Mutual Funds and ETF stories
MarketWatch
The more cash a fund manager has to invest, the more difficult it is to buy meaningful stakes in the overlooked stocks that helped boost the fund's returns and grow its profile. Accordingly, by the time investors pile in, that superstar fund's stellar ...


Funds snapped up energy stocks as crude oil rebounded ...
MarketWatch
Investors have warmed up to a sector of the U.S. stock market that has struggled for years, but which showed dramatic signs of life over the past couple of ...

and more »

Investor's Business Daily

Wabtec Stock Pays Off For American Century Ultra Mutual Fund
Investor's Business Daily
The fund's managers hope to hit similar jackpots with other holdings in leading stocks such as Netflix (NFLX), Amazon.com (AMZN) and Abiomed (ABMD). Those stocks have gained 73%, 35% and 106% respectively this year. Overall, the fund aims to invest ...


InvestmentNews

Morningstar evolving well beyond its origins analyzing mutual funds
InvestmentNews
Morningstar's objective has been to take Morningstar Data, its largest product by revenue, and put it on adviser-oriented platforms, such as Morningstar Direct. Advisers can use such platforms to gather stock, bond, mutual fund and ETF data to create ...


UPDATE 1-US fund investors hunker down in domestic stocks
Reuters
Equity mutual funds and exchange-traded funds (ETFs) took in $3.7 billion during the seven-day stretch that ended May 23, while their taxable-bond counterparts attracted $3.1 billion, the research service said. Nine in 10 dollars that went into stocks ...


Investor's Business Daily

Nearly 2000 Funds Own Netflix Stock Today; Is That Excessive? Oil Stocks Take Breather
Investor's Business Daily
When mutual funds, banks, pension plans, insurance companies and the like decide to engage in sustained strong buying of a stock, they are relaying a key message to the individual investor or the small-scale financial advisor. These institutions are ...


4 Mutual Funds to Benefit From a Likely Rate Hike in June
Zacks.com
Reduced transaction costs and diversification of portfolio without several commission charges that are associated with stock purchases are primarily why one should be parking money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, ...

and more »

Chicago Daily Herald

Let's talk about the Big Book: Everything your family needs to know when you die
Chicago Daily Herald
The next three sections of most Big Books can detail any bank accounts; investments, including stocks and mutual funds; and, finally, a list of retirement accounts. This is important stuff, and the sooner you do it, the better your chances of achieving ...


USA TODAY

Are you ready to start buying stocks individually? Ask a Fool
USA TODAY
Question: I want to start investing in stocks but wonder if I would be better off sticking to mutual funds. How can I tell if I'm ready? Answer: Warren Buffett has said that most investors are better off investing in low-cost index funds than buying ...


Investor's Business Daily

Stocks To Watch: Best Mutual Funds Buying These Potential Breakout Stocks
Investor's Business Daily
What sticks out when you review the latest list of new buys by the best mutual funds? Potential breakout stocks. UnitedHealth (UNH), Best Buy (BBY), Charles Schwab (SCHW) and others are stocks to watch as they may be setting up for new breakout moves ...

and more »
Google News

Keep Your Profits

It looks like we have now entered a new bull... Read More

How to Pick Winning Stocks

There is nothing more exciting than finding an undervalued stock... Read More

Momentum

One of the basic laws of physics states that a... Read More

Trading as a Business

What can I expect to make my first year of... Read More

Hedge Funds

You read and hear a lot about hedge funds. Unfortunately,... Read More

Buy and Hold Investment Strategy

"Buy and hold" is one of the most heralded investment... Read More

Investing in Stocks and The Game of Monopoly

To begin, you might look at playing the stock market... Read More

High Price/Earnings Ratios and the Stock Market: a Personal Odyssey

After some forty years of banking and investments, I retired... Read More

KISS Formula

There are formulas for just about everything, but it has... Read More

Stock Trading Success

The ABC's of Stock Trading SuccessStock trading success...why is it... Read More

Bollinger Bands Strategies

The Bollinger Band theory is designed to depict the volatility... Read More

What the SEC Really Thinks About Mutual Funds!

Let's go into the details of why non-indexed mutual funds... Read More

Structured Settlement; Lawyers in NY and Mutual Funds

Minority Report the movie may not be far off if... Read More

Hill of Hope

Just about now everyone is confused as to which way... Read More

Prosperity

It has fallen upon the consumer to make our economy... Read More

Why Investors Use Financial Planners

Do you have a financial planner? Does one of your... Read More

Dispelling Illusions of the Stock Market

How can you dispel an illusion unless you look directly... Read More

How to Find Value in No Load Mutual Fund Investing

What are you thinking when it comes to your no... Read More

Starbucks Stock is Up

Starbucks earnings are up again and so is their stock... Read More

Valuation

Every day I hear from the "experts" on CNBC-TV and... Read More

Size Counts!

What the heck am I talking about?It is often said... Read More

Discover the Retirement Breakthrough the Federal Government Created for You - The Roth IRA!

If you don't know what a Roth IRA is then... Read More

The Information Age

It is wonderful to be alive in the information age.... Read More

How (NOT) to Buy Mutual Funds

When it comes to mutual funds, there is a lot... Read More

Cash

How many people went to a cash position this week?... Read More