You can have the top trading strategy for trading stocks or the best crypto trading strategy and yet be an unprofitable trader if you cannot stop making trading mistakes that lead most traders towards failure. If you don’t have a trading strategy with a proven edge, then you are in deeper trouble because most discretionary traders are prone to making mistakes that one can simply avoid by using a systematic or automated trading strategy.
Do you want to know how you can create a profitable trading strategy from scratch?
Then you are at the right place.
At Enlightened Stock Trading, our whole objective is to help traders avoid the top trading mistakes that beginners and even pros make, leading them to blow up their accounts. So how do we stop you from making those top trading mistakes? By first teaching you what works and what doesn’t work in the markets. Unless you come from a finance background, chances are you have made assumptions about how markets function and truth be told, most of your assumptions are wrong. Most of the time, these assumptions lead you to make stupid trading mistakes, which one can avoid easily.
Have you been the victim of the market pulling back, eating your stop loss and then marching in the direction you anticipated?
Or have you made a trading mistake which involved betting too much on a single trade?
Don’t worry. We have all been there, made those same trading mistakes, learnt our lessons and discovered ways never to repeat those mistakes again. If we can do it, so can you. However, you don’t need to reinvent the wheel for that. You can grab our FREE cheatsheet on how to avoid the top trading mistakes that most traders make here: https://go.enlightenedstocktrading.com/trading-mistakes-cheatsheet.
In our collection of articles on the top trading mistakes you must avoid, you will find multiple articles and videos describing the common trading pitfalls that traders should not be making. These pitfalls make you lose your edge even if you have a winning trading strategy.
We have articles and videos informing you about new-age financial derivatives like Binary options, which every seasoned market participant will tell you are mostly scams. However, traders who are new to the market and don’t have a trading strategy or a plan in place still trade these products.
At Enlightened Stock Trading, our foremost advice to everyone interested in trading has been to learn to develop systematic trading strategies. Irrespective of whether you want to trade the stock, forex or the crypto market.
A trading strategy you have backtested over multiple market regimes will give you the confidence to remain resilient during tough times and not make those common trading mistakes that discretionary traders make during such times.
You can take your first steps towards developing a systematic trading strategy by going through our YouTube Channel, where you can find multiple thought-provoking videos on this topic:
Click Here to watch all of my Stock Trading Mistakes videos in this special YouTube Playlist and don’t forget to subscribe to the Enlightened Stock Trading YouTube channel to get all of my trading video updates. Click Here to Subscribe ⏩
To do proper risk management when trading stocks comes close about how to enter and exit, which is you need a consistent approach to managing your risk. Risk comes in a couple of different forms. There is the risk that you might be wrong on this trade, wherein you...
Did you know that there’s one thing that holds almost every single trader on the planet back from their full potential? Trading mistakes hold every single trader back from their full potential because none of us execute every single trade, every single action...
A single trading mistake can cost you BIG $$$ Here is a trading mistake list and a simple approach for eliminating them from your trading.
Trading mistakes can be a massive anchor on trading performance yet many traders are not even aware they are making them. Learn from our collective experience and improve your results.
Winning trades can feel like riding a zip-line… particularly if you trade stocks using trend following (trend trading system).
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There can be a feeling of nervous anticipation just before taking a trade, and when the trade is moving in your favor you never want it to end…the hope that it will go to the moon sometimes gets the better of us. In the cryptocurrency space they say HODL or hold on for dear life. But this is a HUGE trading mistake.
Every market has a different personality and this is critical to being profitable in a new market you enter into. Trading System design starts with understanding the way each market behaves.
In this video I talk about the Trading Mistake Responsible for Countless Blown up Accounts.
Recent Stock Market history is never representative of what could actually happen in the markets. The Risk you face as a new trader is coming to the markets thinking that what we are experiencing. Now (whatever that is) is normal.
I am sitting around bored out of my mind while the removalists pack my house so we can rent it out while we travel for 9 months as a family… I am making a nuisance of myself and getting in the way while I wait for them to clear out the house.
Annoying in the real world, but the same thing happens in the markets when you get bored too… but it is much more dangerous!
I asked a large group of stock traders what their worst trading mistake ever was and got a huge number of responses…but they all boiled down to these 18 killer stock trading mistakes. Avoid these and you will be ahead of the majority of traders who lose money…but knowing what the mistakes are doesn’t solve your problem – you need a solution…so I have offered a solution to each of them as well! So here are the 18 biggest trading mistakes that came up…
I asked a large group of stock traders what their worst trading mistake ever was and got a huge number of responses…but they all boiled down to these 18 killer stock trading mistakes. Avoid these and you will be ahead of the majority of traders who lose money…but knowing what the mistakes are doesn’t solve your problem – you need a solution…so I have offered a solution to each of them as well! So here are the 18 biggest trading mistakes that came up…