Tuesday, July 31, 2012

The One Simple Rule Used By Every Successful Trader

If you learn one simple rule, you can easily eliminate crippling losses and begin booking consistent trading gains.

You can use this rule to separate yourself from the ranks of the unsuccessful traders and join the select few that are able to grow their accounts year after year.

But first, you need to find out what’s keeping you from making money in the stock market…

You probably think there are only two types of traders: those who make money and those who don’t. Traders who have a set of personal trading rules–and those who just throw money at random stocks in the hopes of hitting a big winner.

However, trading isn’t that cut-and-dry. In fact, there are plenty of smart, educated traders who can’t seem to make money in the markets.

A couple of weeks ago, I told you why you’re losing money in the stock market. I don’t mean the occasional losing streak, either. I’m talking about an issue many beginning traders face: the inability to consistently win and grow their trading account.

I told you that what you don’t know about the markets isn’t the problem. It’s not about a lack of knowledge or missing a market cue that could have saved you from your losses. And it’s not that you’re trading the wrong stocks. Or that you’re trading the right stocks at the wrong time (more)

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