Here are 10 of my top trading falsehoods… There are many others around especially when you’re still learning how to trade in stocks, but think twice before you believe any of these…
1. If I don’t sell, it isn’t a loss
2. My broker has my best interests at heart
3. The market is efficient
4. You can’t go broke taking a profit
5. You can’t beat the market
6. It is time in the market, not timing the market that counts
7. Inside information is the only way to make money
8. HFT has ruined private trader’s ability to make money
9. Day Trading is where the real money is
10. Trade accuracy is important
What else would you add?
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