For Your Financial Freedom within 17 Months

Friday, December 14, 2007

5 Losing Factors for Day Traders

Some peopel enjoys investment in penny stock and day trading of stock, forex. One of the member of my sletter recommended "3 minute Trading Sysetm". I tried it and found it amazing.

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Forgot to mention there is also an money guarantee but quiet sure you willnot require it.

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Pat, a day trader forwards an interesting article on " 5 losing factors for stock day trade"

Risk Capital — Money Distractions:
1. Insufficient trading (risk) capital,
2. Obsess with money - not learning to win, want it all now,

Trading Game (System):
1.Play a loser's game - the old school, obsolete game,
2.Unaware a new game exists for winning,
3. Refuse to accept that their game no longer works,

Learn
Personality:
Trading on your own - losing system, no consultant/coach, not trading with winners.

What’s behind all negative emotions and actions is a lack of trust in:

Markets,
Stock Prices,
Software,
Brokers,
Web access


Outside Support - others, who can help you learn to win,


Your own trading abilities.

Attitude - biased, arrogant, impatient, (biased decision-making, know it all thinking attitude, with an uncontrollable mix of fear and greed). We all know trader arrogance, fear and greed are at the source of losing.

Lack Control - emotions, decisions, execution,
Lacks - confidence, skills, and performance results,
Denial - hoping for months, somehow, they will win,


Self Destructive Behavior:

Losers don't take care of themselves - health, nutrition, rest,
They have low self-esteem - lacking confidence, support, performance,
They lack balance in life - put off family, friends, and fun.
Computer—hardware/software:
Obsolete computer and software systems


If you want to be successful in day trading, you need to take hands on training on day stock trading. Click the to learn day trading secret from : Master Day Trader

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