Day Trading – 99% Failure – Find Out Why

I’ve been in intraday trading for 10 years. I blew up 2 accounts, one $ 30,000 and other $ 37,000. I was in the 99% group that never gets to trade on the day. Thing is, I’m a relatively smart college-educated man with an IQ of 140, and yet I blew up two accounts.

I wrote this article for anyone interested in intraday trading to help make a decision. They will learn to be part of the 1% winners who will be able to carry out daily transactions (from anywhere in the world) or they will be one of the 99% who will fail and blow up their accounts. So if you really want to try day trading, read on.

Now to tell the truth, I went into intraday trading for a few years with no education. I soon realized, after spending a few thousand on penny stocks, that there were really no rich people there.

Then go online to find out about the collective wisdom. That is a dead end and your information is faulty. In fact, daily trading is a trillion dollar a year business, do you think someone on the internet will give you a correct daily trading advice? Almost everything you read on the internet about day trading or stock trading is false and designed to help you remove your money from your wallet.

How about the books? Yes, there it is! I’ll read some books and get to trade stocks like Jim Cramer … (By the way, read all his stock trading books) The thing is, Jim Cramer is an entertaining clown on TV and probably wouldn’t be on TV if he really was. what it was. says yes, Harvard education and all.

Really put this to the test, watch your show, then watch what happens to the actions you mention. Not even right at 50%. All he will help you do is lose money faster than your popsicle melting on a 95 degree day.

I even took some private classes and paid a good fee to be told how to trade. One that comes to mind is Wall Street Basics led by Gary Williams. Not that the classes were that bad, but they weren’t what you need to learn to trade during the day. They took me on a path of continuing education. But I still lost my day trading accounts, as will you if you don’t follow my instructions here.

So what is the answer I asked myself looking out the window of my babysitting house overlooking the Caribbean Sea (a job I took to earn enough money to open another business account)?

The truth is that I needed a mentor, that’s when the rubber hit the road and my brain started smoking. How the hell would I choose someone? Someone who was already in the trenches and traded every day, and why the hell would they guide me? There it is, that’s what came to mind …

These are the biggest problems intraday traders will face.

1. Low Cap – Biggest in my opinion. Capital is your soul. If you don’t start with at least $ 30,000, you better start by saving your money. In fact, the FTC will not allow you to conduct daily transactions at this time without at least $ 25,000 in an account.
2. Emotions: that’s right, everything changes when you have money at stake. Especially if you need money to live. My advice? Save enough so you don’t need the money you are trading with. Trading with the necessary money will DEFINITELY be a strong negative
3. Little educated. I don’t care how smart you are. YOU NEED A PLAN. If you can’t trade a plan, then you are planning to fail. No yes, me but about it.
4. Hoping to hit a home run at a time. No, this is really a job, a high paying job, but it is a job. EX I earn about $ 250 per day on average. Some days I hit a home run. Most days, it is a simple one. My best day yet? $ 1200. My worst day? – $ 5000 GRRR.
5. To get a plan, you need a mentor, one who is not really interested in teaching for money. That is why you are here, I am going to share my guru with you. Take it or leave it, he’s the best on the planet at what he does, and he’s willing to share with a few a year. Why am I sharing? There really is a lot for everyone, the stock market is full of wealth, a small hand full of people learning to trade on the day will have no effect on the markets.

Now, having traded for at least 4 months, he could tell the phony from the ponies. There are a lot of guys who are suitors. They look at a screen and tell you when to buy and when to sell. It’s like the old adage “If you want to feed a man for a day, you give him a fish, if you want to feed him for life, teach him to fish.”

I have added a link in the resource box that is a direct link to the only source of daily transactions that I trust or that I would use on the internet.

It took me two years to find Mark, don’t make the same mistakes I did. Mark gives away a free daily trading guide that is second to none