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014 3 Rookie Trader Mistakes and How To Avoid Them

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Manage episode 407249184 series 3559282
Content provided by Mr Phil Newton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mr Phil Newton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Let's talk about -Rookie Trader Mistakes and How To Avoid Them Nearly every rookie trader does one and often more of these
  • Rookie trader mistakes
    • Betting the farm
    • Strategy hopping
    • Indicator hopping
    • Time frame hopping
    • Watching winners and trading losers
    • Square peg in a round hole - day trading with PDT restrictions
      • Follow a strategy that makes no sense for your situation
    • Triple time frame bullshit - sorry Van Tharp - but it is.
    • Averaging down. [ eye roll ]
      • Adding to losing a position is dumb.
So let's look at the 3 most common cock ups and cook up some simple way to fix or avoid them completely so that the rookie can progress to journeyman and get some joy from the markets. Nearly of these all cases result in a lack of progress or success and most of the time lead to another trading account blowing up.

When you're ready to learn more about how "Production Line Trading" can improve your trading performance, head on over to: https://antivestor.com

  continue reading

65 episodes

Artwork
iconShare
 
Manage episode 407249184 series 3559282
Content provided by Mr Phil Newton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mr Phil Newton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Let's talk about -Rookie Trader Mistakes and How To Avoid Them Nearly every rookie trader does one and often more of these
  • Rookie trader mistakes
    • Betting the farm
    • Strategy hopping
    • Indicator hopping
    • Time frame hopping
    • Watching winners and trading losers
    • Square peg in a round hole - day trading with PDT restrictions
      • Follow a strategy that makes no sense for your situation
    • Triple time frame bullshit - sorry Van Tharp - but it is.
    • Averaging down. [ eye roll ]
      • Adding to losing a position is dumb.
So let's look at the 3 most common cock ups and cook up some simple way to fix or avoid them completely so that the rookie can progress to journeyman and get some joy from the markets. Nearly of these all cases result in a lack of progress or success and most of the time lead to another trading account blowing up.

When you're ready to learn more about how "Production Line Trading" can improve your trading performance, head on over to: https://antivestor.com

  continue reading

65 episodes

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