TEN COMMON DAY TRADING MISTAKES
TEN COMMON DAY TRADING MISTAKES Day trading is tough. Many popular markets are zero-sum games, meaning that for every winner, there’s a loser. Other markets, such as the stock market, have a positive bias, meaning they have a tendency to increase in value over time, but you may rarely see big moves in any one day. And the whole point of day trading is to close your positions each night. Most day traders lose money, in part because they make obvious, avoidable mistakes. This list of ten mistakes will help you avoid the most serious ones so that you can be more successful from the get-go. Following them is no guarantee that you will make money trading, but it will certainly reduce your risk and improve your odds. And that’s half the battle. Starting with Unrealistic Expectations Most day traders lose money. Some research shows that 80 percent of day traders wash out in the first year. Brokerage firms that deal with day traders are constantly figuring out w