Thursday, August 20, 2020

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

Neither Dan Parker nor TrueTrader.net, LLC is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. The owners, employees and writers of TrueTrader.net may engage in securities trading that is discussed or viewed on this website, but all such individuals are buying and selling such securities for their own account. These individuals do not engage in any trades with customers. The buying and selling of securities by these individuals is not part of a regular business of buying and selling securities. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for TrueTrader.net, LLC may have long or short positions in securities that may be discussed on this website or newsletter, but all such positions are held for such representative's own account. Past results are not indicative of future profits. Any table is accurate, though not every trade may be represented. Profits and losses reported are actual figures from the portfolios Dan Parker manages.


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