Day Trading - 99% Failure - Find out why

I have traded for 10 years today. I blew up two accounts - one from

30,000 dollars from

 And another from

$37,000 from

 . I have never traded on a 99% team. The thing is that I am reliable and smart, the university education people have 140 IQ, but I still blew up two accounts.

I wrote this article for anyone interested in day trading to help make a decision. They either learn to be part of a 1% winner who can trade on the day [from anywhere in the world], or become one of the 99% of the failures and blow up their accounts. So if you seriously consider trying a day trade, read on.

To be honest now, I have been conducting daily transactions that have not been educated for a few years. I quickly realized that after I had blown thousands of pennies, I couldn't find any wealth there.

Then go to the Internet to get collective wisdom. This is a dead end, and their information is flawed. In fact, day trading is a trillion-dollar business a year. Do you think anyone on the Internet will give you the right day trading advice? Almost everything on the Internet about day trading or trading stocks is fake and is designed to help you withdraw funds from your wallet.

How is the book? Yes, it is! I will read some books and be able to trade stocks like Kramer... [BTW read all his stock trading books] is that Kramer is a TV entertainment clown and may not be on TV if he is, he Really what he is, Harvard education and all.

Really test it, watch his show, and then observe what happens to the stock he mentioned. Even less than 50%. All he will do to help you lose money faster, and then your popsicle melts in the 95th day.

I even took some private lessons and paid a substantial fee to tell them how to trade. I think of the basics of Wall Street run by Gary Williams. It's not that half of the courses are bad, but they are not what people need for daily trading. They took me on the road to continuing education. But I still lost my trading account, and if you don't follow my instructions, you will do the same.

So what is my answer, let me stare at the window of the caretaker in the Caribbean [I work to earn enough money to open another trading account]?

The truth I need a mentor when rubber is on the road and my brain is starting to smoke. How will I pick someone? People who trade in the trenches every day, why do they guide me? Yes, that is what I thought of...

Here are the biggest issues that traders will face on the day.

1. Under capitalization - in my opinion is the biggest one. Capital is your lifeblood. If you don't start with at least $30,000, you'd better save money first. In fact, the FTC now does not allow you to trade during the day, at least $25,000 in your account.
2. Emotion - Everything changes when you have money. Especially if you need money to live. My advice? Save it so you don't need to trade the money. Trading with the required funds is definitely a strong negative factor
3. Educated. I don't care how smart you are. You need a plan. If you fail to trade with the plan, your plan fails. No, if, or not.
4. I look forward to hitting a home run every time. This is not a job, a rewarding job, but it is a job. EX I earn an average of $250 a day. Sometimes I hit a home run. Most days, it is a single one. My best day so far? $1,200. My worst day? - $ 5000 GRRR.
5. To get a plan, you need a mentor, a mentor who is not really used for teaching. This is why you are here - I will share my mentor with you. Accepting or leaving it is his best on the planet, and he is willing to share it with only a few people each year. Why should I share? There are really a lot of things that can move around, there is a wealth of wealth in the stock market, and a small number of people who study day trading have no influence on the market.

Now that I have been trading for at least 4 months, I can tell the pony's pony. There are many people there who are pretenders. They look at the screen and tell you when to buy and when to sell. It is like the old adage "If you want to raise a man, you give him a fish a day, if you want to raise him for a lifetime, you teach him how to fish"

I added a link in the resource box that is a direct link to the only transaction source I trust or will use on the internet.

It took me two years to find Mark and not to make the same mistake. Mark presented a free, free daily trading guide

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