Almost all new traders trade too much. Probably most traders regardless of experience level trade too much. There is certainly more than one reason and here are a few of those reasons.
It is how they are “trained”. Traders typically take courses, sit in chat rooms (worst possible venue for learning anything valid – blind leading the blind) and peruse the internet. The vested interests in the trading industry – exchanges and brokers are transaction based enterprises – the more trading there is the more money they make. They are not rewarded for the success of their clients; they are rewarded by how much their client’s trade.
Traders are also “trained” by trading educators, software vendors, platform vendors and others in the industry to think there is a magic bullet that is the key to trading success. Oh, and they are the ones that can give you and a tightknit group of tens of thousands that special secret.
As a corollary to both of the above reasons that traders trade too much is that they simply don’t know how to be more discriminatory in their trading. They have a sense that they might miss the big opportunity at any moment so they jump in and out all day long on little more than a whim. Learning to be selective and knowing exactly what you are looking for requires knowledge very few traders have.
I am offering a trial to our basic membership through the end of September for 97.00. This includes over 16 distinct Trade Lessons, over 40 reports (two a day) on the best opportunities that may be lining up and a mini “crash” course on the methodology we use to trade (NO special software, platform or anything else needed). The course will be presented live this Wednesday and it will be recorded. Here is a short overview of the services: Click Here. Sign up here and use this coupon code to receive the 97.00 offer: CE5FE28F