Become a bad trader

Good morning traders.

As our Dynamic Trader webinar attendees and mentoring students will know, it is easier to be a bad trader than it is to be a good one. Below I have listed some points that prove this.

1. A poorly set up portfolio
   
2. Use lots of leverage and no risk management
3. Join a trading club with friends and/or neighbours to make a decisions on a trade
4. Watch TV or read papers/magazines for trading tips
5. No proven strategy
6. No discipline
7. Lots of emotions before and during trades
8. Follow the herd mentality
   
9. After a winning streak arrogance and invincibility creeps in
10. No education

Above are just some principles bad traders beleive in without even realising it. To be good at anything takes time, dedication, hard work and of course enjoying what you do is an excellent leverage. Trading is no different and discipline to follow the rules is a big criteria for trading success.

The above 10 points is by no means an exhaustive list but just a guideline taken from my personal trading experience back when I began trading nearly 9 years ago. It is better to learn from someone elses mistakes than make the same mistakes on your own!

January was a good trading month and the last few days have been very good. Hope some of you managed to take the profits from the trades we mentioned on the emails and webinars.

Look forward to seeing the members on the Private Webinar.


Javid Shaik
Dynamic Trader