<p>Wall Street has opened, and stocks are taking another beating on Friday on the credit market reprisal. The Dow is down almost three quarters of a percent, the NASDAQ down about a percent, and the S&P500 down three quarters of a percent.</p>
<p>Global markets are selling despite central banks flushing money into the system. The European Central Bank put in $84 billion on Friday after shelling out $130 billion Thursday. The Australian Reserve bank has added the most loans in three years. Still no respite.</p>
<p>Samundra writes her uncle forced her into trading banking shares: ”Recently I bought some shares of a bank. I have not much experience on Bank shares but let see. This is the first time I invested on Bank. I was not actually intrested yet ,but my uncle forced me to do it. He said this is better than telecommunication on which I am investing.”</p>
<h5><a title="Wizetradeblog" href="http://www.wizetradeblog.com/"><font color="#92b211">WizeTradeBlog</font></a>: <a title="Permanent Link to 10 Common Mistakes that New Traders Make" rel="bookmark" href="http://www.wizetradeblog.com/2007/07/24/10-common-mistakes-that-new-traders-make/"><font color="#2e2e2e">10 Common Mistakes that New Traders Make</font></a></h5>
<p> </p>
<ol>
<li>Not using money management</li>
<li>Failure to set realistic expectations</li>
<li>Lack of patience</li>
<li>Trading against the trend</li>
<li>Let losers run too long/cut winners short</li>
<li>Failure to use consistent method</li>
<li>Following too many stocks</li>
<li>Getting too emotional</li>
<li>Not learning how to sell short</li>
<li>Not fixing mistakes made</li>
</ol>
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