In this report Todd Mitchell is going to outline the three of the biggest factors that sabotage the majority of stocks, options and ETF traders and show you the steps that you can take to avoid falling into this trap!
One of the most interesting things that I’ve learned over the past 22 years of professional trading have very little do with the mechanics of trading stocks, options or ETFs and more to do with human behavior.
There’s something about human nature that’s truly remarkable and at the same time absolutely fascinating.
When it comes to making consistent profits from the financial markets, most people are by far and away their worst enemy!
Essentially, I find that the great majority of retail traders get in their own way and make things much more complicated than they have to be…and ultimately sabotage themselves and ruin the possibility of achieving consistent profitability over time.
Retail Traders Utilize Trading Tools That Were Created before the First Man Landed on the Moon and Expect Them to Compete with Multi-billion dollar Hedge Funds!
The first big mistakes that traders making consistently is utilizing indicators that were specifically designed and created to work with the commodity market and assume that they will work with stocks, options and ETFs.
The problem with this theory is the fact that commodities, currencies and futures are predominantly trending markets, while stocks are predominantly counter trend markets and indicators that work well with trending markets are not nearly as effective with counter trend markets.