Why Most Traders Fail...

Become a Better Trader

As an active intra-day trader, I have seen many come and go.  A beginner will try to trade for a few months, find success here and there, but eventually blows up and loses his account. So why does this happen? Why do most traders find immediate success but then end up giving it all back? I can tell you first hand that there are three main reasons. 1. Location - Just like how you'd want to buy a house in a great area, you want to be taking your trades at excellent locations. What this does is allow you to get a good reward relative to the risk taken. When everyone else is buying at the highs, simply wait for a quick drop to buy it back for the mean reversal (more on this below). 2. Discipline - Without monk-like discipline, it will be incredibly difficult to become a consistently profitable trader. You can have the best trading system in the world, but if you're emotional within your positions, you will simply fall back and rely on emotion rather than the system itself. This is a clear path to failure. Learn to meditate for 10 minutes a day. The act of doing nothing will allow you to take control of your emotions, thus allowing you to make more money in the markets by waiting for a good trade location.  3. Systematic Strategy - Ok. We've got the discipline and trade location down, but there's still a piece missing to the puzzle. That's the systematic strategy. You need to keep your trading simple. Meaning that it needs to be kept black and white, not grey. When you combine discipline + trade location + a backtested strategy that works in a LIVE market with REAL money, you can make a full time income and quite a nice living from day trading. I personally make 7 figures per year trading the first hour of the open. How? I've figured out these three incredibly important principles early on. PS. If you want to see me use all three of these principles to make $19,472 in less than 30 minutes trading live, here's a free youtube video for you.  If you'd like to learn how we do this each trading day, here's a free training on how to become a consistently profitable day trader. To your success,  Head Trader at TrueTrader.net

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