Multi-millionaire investor and international speaker, Darren Winters, discovered some time ago that there are six main mistakes that traders and investors make.
When you understand not only what these six mistakes are, but how you can overcome each of them, this becomes your ‘combination code’ for investment success.
In this short, content-packed video, Darren explains how you can avoid making one of the biggest mistakes new investors make:
The combination code is, once you correct these six mistakes, you can start getting consistent big money from the markets.
The first mistake that people make is not using the correct investment indicators.
Now for beginners, what is an investment indicator? It’s something which is related to the price that we use to help us tell what’s going to happen next to the price.
Actually, let’s do a non-investing example.
First of all, let’s say “time of day” is an indicator for how many cars are on the road. If it’s 8.30 Monday morning in a big city, are there going to be lots of cars on the road? Yes or no? Well, yeah, of course.
What about if it’s 11.30 Monday morning, are they going to be less cars on the road?
Well, yeah, so time of day is an indicator for how many cars are on the road.
An investment indicator is something related to the price that we use to help us tell what’s going to happen next to the price.
So in this example, we’ve got the price along the top here, this kind of black squiggly line:
Then we’ve got the indicator along the bottom, this black wiggly line here:
This indicator is called RSI.
Now you’ve got to use the right settings, but let me just explain how this works.
If the indicator, this black line in the 2nd example, above, crosses above the red line, it tells us to buy. So if the black indicator line crosses below the red line that tells the sell. So we’re buying when it crosses above and we sell when it crosses below. That’s a real example.
You would have made a nice profit on that trade.
Let’s look at another one.
So the black indicator line crosses above the red line, it tells us to buy…
And the black indicator line crosses below the red line, so it tells to sell just there:
Now another real example we would have made a nice profit on that trade.
Let’s look at another one.
A black indicator line across above the red line so that tells us to buy, and it hasn’t crossed back below the red line so we’re still in the trade. You’re still making money on that one.
That’s fairly easy so far, right?
There are four other main indicators that I use. They’re all just as simple to learn. This stuff is easy.
Now you might be thinking, “Well, if it’s this easy, why doesn’t everybody do it?”
Because most people don’t know the correct combination code. They don’t know what indicators to use. They don’t know what settings to use. They don’t know this stuff. Once you know, it is easy. Anyone can do it now.
Of course, you’ve got to do the practice so you get good, but it’s easy to learn this stuff.
Want to know more about how you can get good at this? Check out the next ClickSeminars event.