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7 Most Common Mistakes For New Traders

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7 Most Common Mistakes For New Traders

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These 7 mistakes hold most new traders back … Learn how you can avoid them and become a better, smarter trader!

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Do you know the seven mistakes that hold most new traders back? By knowing what they are, you can learn to better avoid them — and do better in the market!

Too many traders are lured in by promises. Fast profits. Hot picks. Electric stock market excitement.

The problem? They get sucked in by the possibilities … and neglect to actually learn the basics before they start trading.

Remember: you’ve got two accounts in trading — your knowledge account and your monetary account. The monetary account probably won’t flourish until you invest in your knowledge account. And even if it does … it’s probably a fluke.

In this video, I give you seven specific examples of the top mistakes new traders make. I also give you ideas on how to avoid them.

Here’s an example … Did you know that most traders lose because of a lack of preparation? I’ll talk about what that actually means, and how you can take proactive steps to prepare.

Another mistake? Choosing the wrong broker.

Are you overpaying for a specialized broker that you don’t actually need? Or are you trying to save on commissions but getting eaten alive by hidden fees? There’s also the dark side of offshore accounts … There are just so many bad brokers. Learn which brokers I use and why.

One big mistake traders make is not thinking about where they get their information … This can be harmful. You can’t just go with the first “guru” trading teacher you find.

I’ve been trading for 20+ years. You might not always like what I have to tell you. But I’ll always tell it to you straight. I teach you everything I know — my mistakes and losses as well as my wins.

Another common misstep? Letting emotions get in the way. Can you be disciplined? Or do you cry and pound tequila shots when you have a loss?

If you can learn to cut losses and move on with your life, you’ll be a million steps ahead of many new traders. Poor, unrealistic expectations can totally mess up traders.

Those are just a few of the topics covered in this important video … don’t miss it!

How will you avoid these newbie mistakes? Do you disagree with any of them? Leave a comment and let me know what you think!

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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*

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* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here:

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