What are the biggest mistakes a trader should avoid in stock trading?

I think the biggest mistake most people who just started trading are making is assuming trading in general and trading stocks specifically has a lot to do with gambling and "gut" feeling.In reality it is a profession you can learn like any other. You just need the right and the most up to date educational info, the right instructors and you are good to go.
 
Eliott Gray said:
I think the biggest mistake most people who just started trading are making is assuming trading in general and trading stocks specifically has a lot to do with gambling and "gut" feeling.In reality it is a profession you can learn like any other. You just need the right and the most up to date educational info, the right instructors and you are good to go.
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And who are these instructors?
 
Eliott Gray said:
I think the biggest mistake most people who just started trading are making is assuming trading in general and trading stocks specifically has a lot to do with gambling and "gut" feeling.In reality it is a profession you can learn like any other. You just need the right and the most up to date educational info, the right instructors and you are good to go.
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Each trade's outcome..., is in fact uncertain

Impending order flow..., is uncertain

Trading is gambling (and..., trading is also riskier than gambling)


Trading is gambling - we can either trade as a gambler.., or as the house


RN
 
Redneck said:
or as the house


RN
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The only way to trade as the house, is to open a FX chop shop.

There is a logic behind the market, but it comes down to Momentum and Risking x to make X ( A small amount to make a bigger amount )
 
galvinlee888 said:
Just download a random number generator online, run it and assume one pip up when you have the even number and one pip down for odd number. Another more fun way is go to casino and look at roulette, plot it as one pip up when it is dark, and one pip down when it is red.

Plot those data and compare with your favorite chart and see if there is any different ? You can use TA to predict the next move and try to make money out of it. The outcome is always the same.
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The critical error in that analogy (and this is not a FA vs TA issue at all) is that any financial market operates as a predatory market, with winners taking from losers. Change the game of roulette into a quasi- parimutuel system of betting where each number 00-36 on the wheel expands or contracts inversely dependent upon the number of bets or amount bet placed on each number, then when plotted over time you might be getting something close to a financial instrument chart. I hope that makes sense...
 
Turveyd said:
The only way to trade as the house, is to open a FX chop shop.

There is a logic behind the market, but it comes down to Momentum and Risking x to make X ( A small amount to make a bigger amount )
More...


Time to get our crap wired tight.., and go make money

RN
 
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