5 Reasons Why Traders Lose Money

5 Reasons Why Traders Lose Money

We have all heard those horror stories about traders losing their lifesavings  their houses, their marriages and all the rest of it. Heck, some of us even have our own individual horror stories that should be made into movies.

One of my mentors even lost even lost $300,000 in one afternoon, yes! In one afternoons sitting. Just imagine how sick that would make you feel.

Anyway, over the years I have surveyed many traders, and found out many things, but it really just comes down to weak emotions and not having proper money management procedures in place. I think making money on the market is always going to come to people who spend time learning, but trading is not about winning to me, its about what you do when you are WRONG!, and how long are you going to stay WRONG!, For me that is what sets you apart from all the other average traders out there.

Today I decided to touch on the 5 Main reasons why traders lose money, and what you can do to ensure you do not fall into these same traps.

Video : 5 Reasons Why Traders Lose Money

 

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