How To Day Trade (Part 5) “Why Most Traders Lose Money”

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For more information on how to day trade stocks and futures, visit – www.chrisdunn.com/how-to-day-trade/

Today’s lesson is all about “why most traders lose money”. There’s a lot of books on trading theory that offer good reasons, but I’m going to show you (from some real trades) how most traders think and act, which causes them to consistently lose money.

To trade like a professional, you need to:

Have a tested rules-based strategy (so you know you’re not guessing or trying to “read the market”)

Know all the possibilities and probabilities during a trade

Realize that most traders chase, and think more about the “herd of the mass majority of traders”

Some people think trading is all about fancy indicators or being a wizard at reading the market. At the end of the day it boils down to having a quantifiable edge.

For more information on how to day trade stocks and futures, visit – www.chrisdunn.com/how-to-day-trade/