Archives of “Blue Channels” tag

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Ten Bad Habits of Unprofitable Traders

  
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1. They trade too much.

2. Unprofitable traders tend to be trend fighters, always wanting to try to call tops and bottoms.

3. Taking small profits quickly and letting losing trades run in the hopes of a bounce back, is a sure path to failure.

4. Wanting to be right more than wanting to make money will be a very expensive lesson.

5. The biggest key to profitability is to avoid big losses. (sizing / risk vs reward)

6. Unprofitable traders watch (Blue Channels ) for trading ideas.

7. Unprofitable traders want stock picks, while profitable traders want to develop trading plans and systems.

8. Unprofitable traders think trading is about being right.

9.  Unprofitable traders don’t do their homework because they think there is a quick and easy route to trading success.

10. Unprofitable traders #1 question is how much they can make if they are right, while the profitable traders #1 concern is how much they can lose if wrong.

How To Get The Most Out Of Blue Channels

  
  Education
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I always mention that I “watch” Blue Channels  to see prices and major headlines…but I hardly ever “watch” with the volume on. I agree the information heard can leave a new trader scattered on their individual opinion vs. my opinion vs. an analysts opinion. Remember…THEY ARE ALL OPINIONS. We all know just how handy opinions are dating back to when we fired our stock brokers. So this post was intended to reach those who are worried about not understanding all the B.S that takes place on that channel. Don’t worry, you can still trade productively without it.

I have a great idea for you. In order to get the exact same effect that I get from watching Blue Channels try this…

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