How to Fix the Top 10 Fatal Errors of Trading One Flaw at a Time. #1 Trying to Run Before Learning to Walk. From the Active Trend Trader

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Bernard Stewart Austin
5 years ago
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1 How to Fix the Top 10 Fatal Errors of Trading One Flaw at a Time #1 Trying to Run Before Learning to Walk From the Active Trend Trader

2 Disclaimer U.S. GOVERNMENT REQUIRED DISCLAIMER COMMODITY FUTURES TRADING COMMISSION FUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALS O LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON T TRADE WITH MONEY YOU CAN T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION I S BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED IN THIS TRAINING. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS H AVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESU LTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN E XECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF AN Y, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PRO GRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. ALL MATERIALS PRESENTED ARE FOR TRAINING PURPOSES ONLY. TRADERS SHOULD PAPER TRADE ANY NEW METHOD PRIOR TO RISK OF PERSONAL CAPITAL. P AST PERFORMANCE IS NOT AN INDICATION OR PROMISE FOR FUTURE PERFORMAN CE

3 Effects of Fatal Trading Errors Those ill prepared will Fall Prey to the Fatal Errors! - They are victims when something like this happens Which can be devastating!

4 Top 10 Fatal Errors 1. Trying to Run Before Learning to Walk 2. Trading Strategies before Knowing the System 3. Failure to Develop a Routine 4. Unrealistic Expectations 5. Failure to Use Price Clues Entries, Exits & Trend 6. Trying to Get Even 7. Psychological Challenges 8. Spread too Thin 9. FEAR 10.Trading too Much/Trading too Little

5 If you don t know precisely what signal is yours & how you will size and manage your position STOP TRADING! ~Peter Brandt

6 Top 10 Fatal Errors Trying to Run Before Learning to Walk - Don t mistake beginners luck for skill! - Trading can be a luring temptress - Learning to trade is a process that is much like Golf! Never totally Mastered To Avoid: Choose a solid, winning system with a great track record that fits your life style. Then Master The System!

7 Top 10 Fatal Errors Trying to Run Before Learning to Walk - Don t mistake beginners luck for skill! - One of the worst things that can happen to a beginning trader - False sense of confidence in luck not skill! - When the probabilities go against the trader the cycle begins - Those who eventually don't survive as traders most likely started that downward journey when the "beginner's luck" realization began to sink into their heads. - They probably sensed that, over time, they were doing something wrong when profits became losses, which no doubt led to serious doubts about their trading ability. That attitude then brought on thoughts that they were becoming "unlucky." - That emotional crutch soon was used to rationalize their plight, causing them to become hopeful as they thought something for the better had to turn around for them -- which, of course, most times failed to occur - Gambler s Dilemma

8 Top 10 Fatal Errors Trying to Run Before Learning to Walk - Trading can be a luring temptress - What is best for the new trader is to: 1. Be humble when closing profitable trades 2. Be tenacious when analyzing losing trades 3. Be courageous when struck by the shock and awe only trading can and will create 4. Never choose to fight any tape 5. Know that luck is the residue of effort

9 Top 10 Fatal Errors Trying to Run Before Learning to Walk - Learning to trade is a process that is much like Golf! A Skill Set that is learned continuously and mastery does not mean no loses! - Failing any one of these factors will cause trouble for the new trader, if not eventual utter defeat - Almost certain defeat will come to those who make the mistake of falling prey to beginner's luck. It is better instead to realize that luck is a double-edged sword - And it is better still to rely on learned skills with only a quick nod of thanks to any luck that might have been your ally - To Avoid: Choose a solid, winning system with a great track record that fits your life style. Then Master The System!

10 Clarify, Simplify & Multiply This has been the Motto of Active Trend Trading from the beginning! We continuously work to Clarify & Simplify through refinements to the system to make it objective and easy to both learn and use. The purpose of all presentations is to provide our fellow Active Trend Trader Members a jump start to accelerate progress up the Learning Curve. We welcome suggestions on how to improve the learning process! Trade Wisely & Profitably, Dennis W. Wilborn Founder & Lead Technical Analyst

How to Fix the Top 10 Fatal Errors of Trading One Flaw at a Time. #8 Spread too Thin #10 Trading too Much or too Little. From the Active Trend Trader

How to Fix the Top 10 Fatal Errors of Trading One Flaw at a Time #8 Spread too Thin #10 Trading too Much or too Little From the Active Trend Trader Disclaimer U.S. GOVERNMENT REQUIRED DISCLAIMER COMMODITY