Thank you for reading this post on “What does it take to become a successful day trader?”
The reality of intra-day trading could be hazardous to your wealth without the proper approach. So what is the right “angle” to take you might ask? The fact is that only eight percent succeed and out of that eight percent, only two percent of day traders make money on a consistent basis. Why the success rate is so low and what can you do to NOT become just another statistic? I want to take an honest look at day trading without all the malarkey and hype and give you a direct look into what it will take to succeed as a day trader.
Let’s face it, we go to school, we get that education, we go to work and gain experience in whatever profession we choose and a fact is a fact, it does nothing to prepare us for the reality we will face when we become day traders. Unfortunately it is a fact that we assume that if we succeed in one area of our life we ASSUME we’ll succeed in another area as well.
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