4 Common Mistakes Amateur Traders Make

The Word on Investing

4 Common Mistakes Amateur Traders Make

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There are a few common mistakes amateur traders make. The good news is, it’s not difficult to avoid these common mistakes once you know what they are!

In this week’s episode, I share my thoughts on the major differences between the professional and the amateur. (Spoiler alert: You want to be trading like a pro.)

We’ll cover:

• How to check yourself if you feel you might be trading more based on feelings than facts

• How to read the news to best inform your trading (this one might surprise you)

• Why you want to focus MORE on managing your losses and LESS on your potential gains for maximum impact (I’ll explain more in the episode!)

• Why having a SYSTEM is imperative to your trades being successful