I watched 7 million traders make the same handful of mistakes. Here are the five that kill accounts.
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For 15 years I had a front-row seat to how regular traders blow themselves up. |
Chief Derivatives Instructor at thinkorswim. Then Director of the Trader Group at TD Ameritrade. Somewhere north of 7 million traders came through, and I watched the same short list of mistakes wipe out account after account. Not because those people were dumn. Because they were doing exactly what the industry taught them. |
I finally put the fixes into five checks you run in about sixty seconds before you ever click buy. |
Here's a taste of what each one catches: |
The five-second question that separates the traders who last from the ones who blow up, and why almost no beginner thinks to ask it before entering. |
Why the very first trade most beginners are taught to make, buy a call, buy a put, is quietly the most dangerous one on the board. One study found that for every $100 the average options trader puts in, $16 just evaporates. |
The check flags it before you risk a dollar. |
The silent cost that bleeds out of your position every single day even when you're dead right about the stock, and the 10-second look that catches it before it eats your gain. |
The sizing mistake that decides whether a loss is a scratch you shrug off or the one you don't come back from. Most people never do this math until it's too late. |
And why the safety net you were handed, the stop-loss, quietly fails on the one day you actually need it. |
Five checks. Sixty seconds. It normally sells for $29.97 and today it's yours free. |
Run it before your next trade instead of learning these the expensive way. |
Send me the checklist. |
To your success, |
Don Kaufman |
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