Day Trading Myths Exposed, Get the FACTS!
http://www.financial-spread-betting.com/trading/day-trading-course.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Day Trading Myths, these are 6 day trading untruths that are popular but are simply false.
6 Myths About Day Traders Debunked
- A profitable day trader can take money at will; some traders might seem they can make money at will but keep in mind that to reach that point those traders have gone thru the mill. These traders have experienced low points in their careers and will still experience losses from time to time.
- If you can trade profitably at small size you can trade profitably at large size; this is a massive myth and its definitely not true. For one the psychology is totally different and at one point odds are you will stagnate.
- A good trader can make money in any market. I know from experience when I'm in the zone I can only trade well in a few markets. A good trader knows that he only needs one market.
- Day trading is less risky.
- Daytraders sleep better. If anything the pressure to have to do something is greater and you have the pressure to perform well.
- The best daytraders are 'alpha male' types. That kind of approach hinders you more than it helps you.
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