5 Tips on What Not to Do as a New Trader

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A big negative in trading is how mechanically easy it is … You're just clicking a mouse, with no one to stop you. So as a new trader, you’re likely making mistakes and taking losses. But you can still preserve your account! Tune in as Tim Bohen explains what NOT to do.


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When you’re a new trader, your biggest focus should be on staying in the game. Because if you take those losses and whittle down your account, you might not be able to bounce back on your trading journey.

Scary, right? We know! Avoid doing the following five things to keep yourself on the right path…

First, and foremost, do NOT copy other people’s alerts. Alerts are best used as learning tools. Remember, self-sufficiency is the end goal.

Don’t get caught up in FOMO (fear of missing out)! Why? Tune in to find out and don’t miss Bohen’s excellent “Lord of the Rings” reference.

If you didn’t do your homework in school, you won’t like this one...

Not doing your homework will have you trading blind. You must do research. It’s important to have a process and a plan, then stick to both.

Don’t get tripped up by information overload. There’s so much out there. If you’re reading trading books or trying mentorship programs, maybe stick to one at a time. Find what works for you.

Last, you must keep a trading journal! If you’re not tracking your trades, thought process, and emotions throughout your journey, how can you expect to grow as a trader?


#StockMarket #Trading #Stocks
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.

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