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I have known traders to have 10 winning trades and lose it all by not managing the risk on two trades. The successful trader is ruthless about cutting... -
It has been my experience that it is extremely difficult to recover from any loss of capital above 25 percent for most traders. This is because it takes...Leave a comment:
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If you were down 15 percent, you would need to make 17.6 percent in the next trade to breakeven. This does not cover slippage or commissions so in reality...Leave a comment:
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Statistics tell us that most new day traders lose over $21,000 dollars in their first three months of trading. If they use leverage the average loss rises...Leave a comment:
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If you follow the plan each day, you are a winner. If the focus is money, it leads to emotional decisions and emotional decisions lead to uncontrolled...Leave a comment:
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When the trader fails to meet the goal, he begins to push trading beyond his true ability and skill. The result is a series of losing trades that could...Leave a comment:
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Most new traders have the wrong focus. If money is your focus, you have little chance of success. Many new traders look at trading as a way to escape...Leave a comment:
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Unfortunately, it's human nature to assume that if we succeed in one area we will automatically succeed in another. Most people who enter the market with...Leave a comment:
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We go to school, gain an education, become employed, or start our own business. We learn what we need to know to be successful, but nothing in our education...Leave a comment:
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Why do 92 percent of day traders fail and what makes eight percent successful? Let's take an honest look at day trading without the hype and emotion that...Leave a comment:
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