Category: How to lose money ?

Online trading is a risky business. Many of us were lured into this venture with promises of overnight richness and success. Yes , some made it big time. Seminars and gurus will tell you that they will reveal their trading secrets. As such , you bought a “trading system” , with the hope of making it rich one day. I bought many of these dreams too , one after another … ( Not any more now , of course ) Bottom line , I lost money during that education stage.

Bet you thought you didn’t need help in learning how to drop your hard-earned money trading. My bet is that you have no idea how to lose ; hence , you lose …

Anyone can win , and it takes no great feat to win in the stock market. Trading gurus will tell you how simple it is to win. Winning is a glorious feeling , hence something you can pretty well control , handle , or take care of in your own fashion. In the winning mode , everything seems beautiful.

But …

Diving into the Market without an Action Plan …Guarantee lose money !
This is one of the best way to lose money in the market , regardless of which instrument you trade ; regardless of how much your starting capital is. Do not think that oxygen tank will help …

Most people will be like me before , if you do not start with a good trading plan - then you will learn the painful and hard way. Honestly speaking most people will start the trading journey by opening an trading account and set some unrealistic expectations. For me the feeling of having a trading account for the first time in my life was just great at that time , and I started boasting to friends about it. You could very well guess what happened after that ?

Opening an account and start live trading is not the first action plan ! It is the last , education and planning comes first. Trading is a business and a trading plan is a must. The purpose …

Attending Seminar conducted by non-active trader - Guarantee lose money !
Believe it or not , there are people making money trading the stock market , there are people making more money conducting trading seminars. If the guru himself is a successful trader and in his quest to share and teach his strategies to others , then I think that is fine. Not many gurus are willing to give demonstration of live trade in seminar. That is fine too , if the guru is a well known or successful trader with proven track record.

There are some self-proclaimed trading gurus out there making a living time out of conducting seminars on a fulltime basis. This is absurd , as many newbies like me were sucked into some impressive sales presentation , only to find out later that he hardly traded at all. If you are considering taking up Russell 2000 futures seminar or something like that , please do check it out at the forums for some free feedback before signing up , unless you want to challenge this guarantee ……

Many people tell you ways to make money in the stock market. That is difficult to write , because I might be repeating what you might already read before.

In this folder ( How to LOSE MONEY ? ) I am going to write about guaranteed ways on how to lose money , something even more difficult to write … I think , because there is not much references I could refer to. But let me try to give you an account of my exposures in the market environment.

Good luck !