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:

ITI Small Cap Fund  Economic Times
Kiplinger’s Mutual Fund Rankings  Kiplinger's Personal Finance
The case for mutual funds  Jamaica Observer
Mutual Fund Update: New Fund Offer (NFO)  Dalal Street Investment Journal

The Elephant

Four blind men were asked to give a description of... Read More

How to Evaluate Load vs. No Load Mutual Funds

If you have been dealing with mutual funds for any... Read More

Hot Stock Investing ... How to Pick Hot Stocks with Momentum Stock Trading

Profitable day traders recognize that momentum trading is among the... Read More

The Secret Method to Selecting a Winning Trading System

Every successful trader has a winning system. There are of... Read More

Pathways

During our travel down life's path we come to many... Read More

Dispelling Illusions of the Stock Market

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

Its Snowing

The Winter Games for the Olympics are coming up soon... Read More

How to Read an Annual Report

Every publicly traded company is required by the SEC(Securities and... Read More

How To Make, And Keep, Money Trading Stocks

If you are serious about making and keeping money by... Read More

The Information Age

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

Take The Time

You must take the time once a month to review... Read More

What To Buy?

Now that you have some money burning a hole in... Read More

3 Components Needed for Beating the Market

Time to look back2004 is over, now we are in... Read More

Mousetrap

The spring-loaded rat catcher is the ultimate low-tech device invented... Read More

Dollar Cost Averaging

Dollar cost averaging is one of the most popular ideas... Read More

How to Make Big Money Safely in Stock Market

(1) Stock Market is Tough Place to Make Any Money... Read More

Mutual Fund Honor Roll ? Buy High, Sell Low by Chasing Performance

Buy high and sell low -- It's not a typo.Millions... Read More

You Don?t HAVE To Be Trading

As a novice trader, you'll often feel the need to... Read More

Market Success

Who are the successful investors?There are those who follow the... Read More

Dont Buy Worldcom! A Guide to Wise Bottom Fishing

Over the past few months, several investment professionals have brought... Read More

A Good Fund Manager

Every Wall Street analyst, financial planner and broker will tell... Read More

Emotional Involvement

I'll bet with almost anyone that has stocks or mutual... Read More

What is Involved in Peak Performance Trading?

There is so much involved in developing peak performance, that... Read More

Trading Tips No 5: Stock Trading Curve Drawdown and Commitment

All stock trading and investing methods must deal with the... Read More

Evaluation I

An insane person cannot evaluate an insane evaluation system.As you... Read More