http://profitabletradingtips.com/profitable-trading-tips/seven-stock-trading-sins-to-avoid Seven Stock Trading Sins to Avoid The traditional seven deadly sins apply to stock trading as well as to life in general. They are: Greed Lust Sloth Wrath Envy Pride Gluttony How do these seven deadly sins apply to trading stocks and how can avoid them and the losses that they cause? Keeping Your Cool in Technical Trading Stock traders rely partially or entirely on trading cues to make money from the price variation of stocks. Technical analysis gives traders good cues but traders need to keep their heads on straight in order to reliably make a profit. Here is how the seven stock trading sins get in the way of making money trading stocks. Greed: This may be the most destructive stock trading sin. Stay with a stock too long and it will eventually crash. Jump in too soon before the trading signals are confirmed and losses are guaranteed. Greed is a killer of trading profits. Lust: This does not refer to sexual lust but lust for money. We often close out our articles with the reminder that you do not lose money from a trade that you avoid. If your lust for money is too strong it drives you to make bad and unprofitable trading decisions. Sloth: Stock trading is not a random trip to the casino. Successful stock trading takes work. The comedian Woody Allen said that 90% of life is just showing up. So is stock trading. You need to do your homework, show up for work and stay at the task until the day is done or at least until all trades are accounted for. Lazy traders lose money!

1. By www.ProfitableTradingTips.com

2. The traditional seven deadly sins
apply to stock trading as well as
to life in general. They are:

3. Greed
Lust
Sloth
Wrath
Envy
Pride
Gluttony

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5. How do these seven deadly sins
apply to trading stocks and how
can avoid them and the losses
that they cause?

6. Keeping Your Cool in
Technical Trading

7. Stock traders rely partially or
entirely on trading cues to make
money from the price variation
of stocks.

8. Technical analysis gives traders
good cues but traders need to
keep their heads on straight in
order to reliably make a profit.

9. Here is how the seven stock
trading sins get in the way
of making money trading stocks.

10. Greed: This may be the most
destructive stock trading sin.

11. Stay with a stock too long and it
will eventually crash.

12. Jump in too soon before the
trading signals are confirmed and
losses are guaranteed.

13. Greed is a killer of trading
profits.

14. Lust: This does not refer to
sexual lust but lust for money.

15. We often close out our articles
with the reminder that you do
not lose money from a trade that
you avoid.

16. If your lust for money is too
strong it drives you to make bad
and unprofitable trading
decisions.

17. Sloth: Stock trading is not a
random trip to the casino.

18. Successful stock trading takes
work.

19. The comedian Woody Allen said
that 90% of life is just showing
up. So is stock trading.

20. You need to do your homework,
show up for work and stay at the
task until the day is done or at
least until all trades are
accounted for. Lazy traders lose
money!

21. Wrath: Think of stock trading as
an exercise in mathematics.

22. Getting angry does not help you
solve an algebraic equation and
it does not help you run the
numbers and make profitable
stock trades.

23. If you are upset take a break and
do not enter new trades until you
cool off and can think
effectively.

24. Envy: The financial news often
recounts success stories.

25. The way to look at these stories
is to search for cues as to how to
make money yourself.

26. Too often traders become
envious of the success of others.

27. This just messes with your mind.
Set up your own trading strategy
and work it for profits.

28. A little incentive is good but
avoid envy. It is a killer.

29. Pride: pride goeth before
destruction and a haughty spirit
goeth a fall. (Proverbs 16:18)

30. Keep your head on straight when
trading.

31. Remember that both wins are
losses are part of trading.

32. And remember that trading
stocks is all about the numbers,
not about pride and bragging.

33. Gluttony: How does a big
appetite hurt your stock trading?

34. Success in life and in stock
trading specifically requires a
balanced view of life.

35. Sharing a little of your wealth,
and food, is a way to avoid
gluttony and the self-indulgent
attitude that goes with it.

36. Successful stock trading goes
with success in and a balanced
attitude toward life.

37. Avoid excess and trade
successfully.