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TEN COMMON DAY TRADING MISTAKES

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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