Don’t Follow the Herd in Trading

Don’t Follow the Herd in Trading

Trading is one of the fastest ways in existence that I know of to make a lot of money. It is also one of the fastest ways to lose your life savings and end up in the poor house. The fact is that over 95% of the individuals who trade the stock market end up losing money. Only about 5 to 10% of the investors are actually making money. Don’t Follow the Herd in Trading

In trading, there is a lot of data, figures, stats, charts and stuff that will confuse you, especially if you’re a beginning trader. Don’t let that bother you. Some of it is important, others not so much. Learn how to read those and use them. The rest of the stuff is useless. You don’t need to worry about them. In reality, trading is very easy. You only need to know 3 things to make money with trading:
1. What stocks to buy
2. When to buy it, and
3. When to sell it.

Just like any other skill, learning to trade successfully takes time. It can take months, and sometimes years, to really understand and learn to invest successfully. It’s not complicated at all. It’s just something “new” – so there is a learning curve to work through. That’s what takes time. Therefore, this is the best time to start investing. Because the longer you wait, the longer it will take for you to get good at it. So, now is the best time to get started. Don’t rush things. Take your time and learn

Don’t Follow the Herd in Trading

Most investors don’t know what they’re doing. They’re just going in unprepared, and losing money fast. Take any industry and you’ll find that only about 5% of the people are successful at what they do. More importantly, about 95% or more of that group are not successful and have no clue what they’re doing. Unfortunately, humans find comfort in numbers and tend to follow the herd, like sheep. So remember in tradingĀ Fear & Greed Don’t Follow the Herd

Remember, most traders LOSE money. Only a small percentage of them know what they’re doing. So, you should never follow majority, unless you have done your own research and found the trade to be a good bet

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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