why did this happen? John failed to realize that, while randomness can create winning streaks using a flawed trading method, randomness can also create a string of losses with an excellent trading.
another reason that traders fail is because they do not keep an effective trading journal. Keeping a journal may sound daunting, but it doesnt have to be.
Here are the 10 most common reasons why most day traders fail. Trading can be easy once you have an individual set of rules and intuition while trading the markets.
no surprise risk management is a turn off to most traders, which could explain why most traders fail. If you want to succeed in this business, learn everything you can on proper risk management.
As the old saying goes, failing to plan is planning to fail. Many traders dont have a proper trading plan, and often those that do fail to stick to it. You can always check out any potential plans by seeing how they would have worked out historically. Sticking to your plan is as important as making one in the first place.
You can make a winning trade now and then, but over the long haul, most of traders end up blowing there account. The good news however is that the reason most traders fail can be avoided. The question really boils down to are you willing to do what needs to be done in order to separate yourself from the.