THE

7 BIGGEST
MISTAKES
NEW TRADERS
MAKE

(And How to Avoid Them)

I wasted 4 years and thousands of dollars making these mistakes.
You don't have to.

Mike Spizzirri
7+ Years Trading Experience | $1M+ in Verified Profits

I Made Every Single One of These Mistakes

Let me be brutally honest with you.

I failed at trading for almost 4 years. I lost money. I blew accounts. I made every mistake you're about to read.

But here's the thing - every single one of these mistakes was avoidable.

I just didn't have anyone to tell me the truth. I didn't have a mentor. I didn't have a roadmap.

So I'm giving you what I wish I had: a clear breakdown of the 7 biggest mistakes new traders make, and exactly how to avoid them.

If you can avoid even 3 of these, you'll save yourself YEARS of frustration and thousands of dollars.

Let's get into it.

Mike Spizzirri | @mikespizzirri | Real Trader. Real Results. Real Proof.
07

❌ Risking Your Own Capital Too Soon

!What This Looks Like:

You learn a strategy, paper trade for a week, and immediately deposit $5,000 into a live account. Within a month, it's gone.

$Why This is Costly:

You're not ready. You haven't proven consistency. You haven't experienced the emotional pressure of real money.

✓The Truth:

For day trading: You should NEVER risk your own capital when you're starting out. Use prop firms. They give you funded accounts so you can learn without risking your own money.

For swing trading: You need real capital ($5,000+ minimum), but you should only go live after:

  • 20+ years of backtesting
  • 2-3 months of profitable paper trading
  • Emotional discipline and rule-following

→How to Avoid It:

Day Trading:

  • Start with prop firms (FTMO, TopStep, etc.)
  • Pass their evaluation
  • Trade their capital, keep 70-90% of profits

Swing Trading:

  • Don't go live until you've proven consistency on paper
  • Start with the minimum capital you're comfortable losing
  • Scale up only after consistent profitability
Bottom Line: Protect your capital. It's your most valuable asset.
Mike Spizzirri | @mikespizzirri | Real Trader. Real Results. Real Proof.

You Now Know What 99% of Traders Don't

If you can avoid these 7 mistakes, you're already ahead of almost everyone who tries trading.

But knowing isn't enough. You have to EXECUTE.

Here's What to Do Next:

  1. Backtest a strategy for 20+ years (Mistake #1)
  2. Pick ONE instrument and master it (Mistake #2)
  3. Learn from real traders with verified results (Mistake #3)
  4. Paper trade for 2-3 months (Mistake #4)
  5. Collect statistical data on your strategy (Mistake #5)
  6. Practice emotional neutrality (Mistake #6)
  7. Use prop firms or start small (Mistake #7)

Want My Help?

I've spent 7 years figuring this out. I've made every mistake. I've lost money. But I've also made over $1 million using a proven, backtested strategy.

If you want to fast-track your learning and avoid the mistakes I made...

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Mike Spizzirri | @mikespizzirri | Real Trader. Real Results. Real Proof.