If the Answer is No, Then Stop Trading With an Ineffective Mindset: For the majority of traders, the entire process quickly becomes excruciatingly painful - both emotionally and financially. What starts out as a fun and exciting way to "get-rich-quick" rapidly turns into a nightmare. There might have been a streak of beginner's luck where you stacked up some random wins, but that luck has run out. Your account is basically blown up. And now you have no idea how to get back the money you've lost except to take on more … [Read more...]
Have You Failed at Trading? If So, You’re Actually One Step Closer to Success
Society Has Conditioned Us to Believe That Failure is Bad: Through years of conditioning, we're essentially all hypnotized. Because when we hear the word "failure", we automatically think about it in a negative light. We've been punished by authority figures in the past for our mistakes, and as a result, we now become ashamed of ourselves for making them. The sad reality is that most of us are so scared of failing that we stop ourselves from thinking differently, trying new things, and worst of all, achieving our true … [Read more...]
Why Do Losing Traders Keep on Losing?
Losing Traders Continue to Lose Because They Refuse to Take Losses: It's ironic that many traders consistently lose money because they refuse to lose. The reality is that losses are a large part of trading. Managing the downside of each and every trade you make is of extreme importance. And if you're too stubborn to take losses at a reasonable level, then those losses can potentially grow larger and larger until most or all of your initial investment is gone. This lack of discipline can undoubtedly take a massive toll … [Read more...]
Why Do So Many Subscribers to Stock Trading Programs Still Fail?
The Downfall of Most Traders Revealed: In my opinion, there is only one main reason why the majority of traders fail and it all boils down to Mindset. Unfortunately, humans are hard-wired to be bad traders. So if we do nothing to calm our minds and trade with clarity, then we're essentially destined to fail. But most people don't take steps to improve their mindset. They jump straight into the markets focused solely on dollar signs, take on huge risks, refuse to cut their losses, and basically break every trading rule … [Read more...]
What is Mirror-Trading?
The Dangers of Blindly Copying: Mirroring. Copying. Piggybacking. These terms are synonymous and have far too significant of a presence in the stock trading world. I hate to say it, but it seems like the majority of beginners looking to enter the stock market don't care about education or becoming self-sufficient. All they want is some expert to send them alerts that they can subsequently take action on. And I don't want to make light of how dangerous this practice can be. There's much more to trading than simply … [Read more...]
What’s the Trading “Fantasy Gap”?
Disconnect Between Desire to Succeed and Willingness to Actually Work For It: The trading "Fantasy Gap", as I like to call it, is the disconnect between how much people like the idea of making money in the stock market and how hard they're willing to work in order to achieve it. In other words, there's an abundance of individuals with the desire to make money trading - there's no doubt about that. But many of them lack the motivation to actually make it happen. They talk the talk, but don't walk the walk. This concept … [Read more...]