How to LOSE MONEY ? Guarantee No. 2 …

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 of a trading plan is to provide a realistic and systematic process and proposed method of action. We need starting capital , knowledge , and a system or methodology to be successful.

To qualify as a trading plan - it must be self written on paper ( and committed in blood better still , lol ). I must say this is the hard part that most people will not go through , and they dive into the market , skipping or pretending not to know the important step before that …