6 Rules To Not Lose In The Stock Market
January 2, 2019
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5:30Now Playing6 Rules To Not Lose In The Stock Market
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as posted by the channel#TimothySykes #PennyStocks #Investing
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Every trader has the same goal: win. Every trader will also lose. Even the best traders like Tim Bohen.
Experience, knowledge and preparation are key in this market but they won’t protect you from losing.
In this video Tim Bohen talks you through his biggest loss and the rules he follows now to avoid losing.
He was already trading penny stocks, had the right skills, and was making all the right decisions before this loss. So, what happened? He fell into the slow day trap. He got lured into a chatroom with big gain postings.
The most important rule: It’s all about you. You don’t know what’s on the other side of the computer so don’t make assumptions or compare yourself to anyone.
Trading is a solo sport — every person for himself.
Don't fall into that trap of trading just for the action when you’re unprepared.
Jumping into a trade with no plan is the ultimate cardinal sin.
Make sure to listen to Bohen’s story and learn from his mistakes.
What was your biggest loss? Do you agree with these rules? Leave a comment below and let me know!
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here
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