Wallstreetstockslutions.com

    Stock Picking Techniques | Access My Personal Portfolio | Trading Lessons

    • TwitterTwitter

    Top Trader Mistakes

    Rule #1 Don’t get greedy, take profits when you have them or at the required rate you specified to begin with.

    Rule #2 Consider this stock solution: Don’t turn a trade into an investment, or vice versa. If the trade you have is failing- move on, don’t justify it by saying ” I will just hold it as an investment for the long-term”.

    Rule #3 Cut losses quick. Always have your stop losses in and a pre-defined limit on which you are willing to lose.

    Rule #4 Invest in best of breed, household names. Otherwise, a company with a poor track record can make your investment go to zero. Top beginner mistake.

    Rule #5 Never catch a falling knife. It hurts. If a stock is going in the tanker don’t chase good money after bad.

    Rule #6 Set your exit price for profit. Don’t just have a stop loss in. Stock Solution: when you have a gain don’t just let it run. In this market, gains can come and go at the flip of a hat because of how fast news travels.

    Rule #7 At the same time, don’t cut your gains short. Do your homework. If the stock has a legitimate reason to keep moving higher, why sell when you put the time and effort into researching it and discovering it. Trading strategy on this one-keep raising your stop loss as it moves higher.

    Rule #8 Buy in positions. Don’t buy all at once. It is arrogant of you to think that you can drop all of your money now and it work. Top beginner mistake when starting out to buy stocks. Leave room for it to fluctuate so that you can buy it cheaper and average your cost basis at a better price.

    Rule #9 The last rule brings me to this rule, always buy near support or, on the moving averages to be specific. If a stock is over extended don’t buy it period. But, if it is near support, every pullback should be viewed as a gift from the trading gods, not as a reason to panic. ( Just make sure you put the stop loss in below the support lines).

    Rule #10 Don’t panic. As long as your stops are in on your stocks, don’t get shaken out by the herd. If you do get stopped out, and the stock happens to snap back and go higher, you can always get back in. Here is your final stock solution for now: If you manage your risk to the downside, the upside will take care of itself.

    >
    • Inside Access

      Inside Access To My Portfolio

      Learn More

      $99.99 per Year

    • Trading Ideas

      Daily Stock Picks & More

      Learn More

      $19.99 per Month

    • Trading Coach

      Become A Battle-Hardened Investor

      Learn More

      $199.99 per Session

    • Log In


      Lost your password?
      Register
      Forgotten Password
      Cancel

      Register For This Site

      A password will be e-mailed to you.

    • Trading Ideas (Premium Members)

      • The Hunt for a Red OctoberNovember 1, 2022
      • As Portfolio Approaches $500,000 We Achieve One Million in Buying PowerAugust 16, 2022
      • Portfolio Update Post Covid- A Phoenix Rises From The AshesOctober 28, 2020
    • Market Overview

    • Portfolio Archives: Premium Members

      • As Portfolio Approaches $500,000 We Achieve One Million in Buying PowerAugust 16, 2022
      • Portfolio Update Post Covid- A Phoenix Rises From The AshesOctober 28, 2020
      • Portfolio Update: Good TimesSeptember 11, 2014
    • Past Featured Picks

      • Portfolio Reaches $400,000 Despite Worst Bear Market in DecadesAugust 1, 2022
      • Portfolio Reaches $300,000 Mark On Change Of Investment ApproachAugust 31, 2021
      • Portfolio Surpasses $200,000 From Post-Covid InvestmentsMarch 1, 2021
      • Liking Facebook’s Stock ($FB)July 12, 2014
      • Buying Copper & Gold Giant ($FCX)July 6, 2014
      • Target Nails Bullseye ($TGT)June 26, 2014
      • Buying Cheniere Energy ($LNG)June 4, 2014
      • Apple Wants Beats Audio ($AAPL)May 28, 2014
      • Buying Calls On 3-D Systems ($DDD)May 27, 2014
      • Really Liking Facebook Shares ($FB)May 25, 2014
    • Economy Overview

    • Stock Solutions

    • Income Generator

    • Home
    • Top Trader Mistakes
    • Suggested Reading

      • Sign Up Today!
      • Stock Picking Basics
      • Chart Patterns
      • Incredible Golf Story (My Dad)
      • Top Trader Mistakes
      • Dow Theory
      • Fibonacci Theory
    • Most Popular

      • Candlesticks
      • Bollinger Bands
      • Moving Averages
      • Inside Access: My Portfolio (Premium)
      • About Todd Akin
      • Sign Up Today!
    • Categories

      • Akin's Trading Ideas (Premium)
      • Featured Picks (FREE)
      • Inside Access: My Portfolio (Premium)
      • Investment Theory
      • Market Updates
      • Options Plays
      • Portfolio Highlights (FREE)
    • Search

    • TwitterTwitter
    PCI Compliance and Malware Removal

    © Copyright 2014 Wall Street Stock Solutions, LLC.