Top 10 Ways To Lose All Your Money Trading
1) Trade Without a game plan
2) Place trades right after having an argument with your spouse.
3) When you have a small profit take it before it becomes a large profit.. When you have a large loss hold onto it because it's only a paper loss no need to panic.
4) Trade thin markets...less competition.
5) When in doubt about your position, get heavier in it.
6) Wait for as much confirmation as possible before you buy. Wait for everyone to agree with you, wait for your stock to be talked about positively on television and especially wait for your stock to appear on the cover of a magazine which says what a great investment the stock is... That's when you buy.
7) If a stock has taken money from you over and over again in the past, revenge trade that stock.. you'll show them.
8) Average your losing position, it has to come back
9) Overtrade...it's important to stay in motion.
10) When looking at your stock charts on your PC, wait for the price chart to get to the bottom of your computer screen..Thats the time to buy, it can't go any lower!
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
3 comments:
Wow, thanks for the tips, there are all these "How-to" tips out there, but this is very creative.
been there done that. thanks for the reminder!
Each of my loss positions for 2006 has followed your discription to a Tee.
Only one was contrary to what you have posted, eurozinc.
IE (ivanho energy)was one i shoulda sold as soon as an analyst from raymond james predicted a value of $12 (its a buck and a half and falling, lol)
CLL conacher energy fits your discription to a fault as well.
Post a Comment