InformedTrades
Register

David's Corner Discussion
Forum
Free Courses Search Today's Posts Mark Forums Read Store About Our
Community

Comment
 
Article Tools Search this Article Display Modes
Day Trading Stocks - 5 Losing Factors
Published by DavidWaring
11-13-2007



Default Day Trading Stocks - 5 Losing Factors

Why do most traders lose?

1. Risk Capital — Money Distractions:

* Insufficient trading (risk) capital,
* Obsess with money - not learning to win, want it all now,

2. Trading Game (System):

* Play a loser's game - the old school, obsolete game,
* Unaware a new game exists for winning,
* refuse to accept that their game no longer works,

3. Personality:

* Trading on your own - losing system, no consultant/coach, not trading with winners.
* What’s behind all negative emotions and actions is a lack of trust in:

o Markets,
o Stock Prices,
o Software,
o Brokers,
o Web access,
o Outside Support - others, who can help you learn to win,
o Your own trading abilities.

* Attitude - biased, arrogant, impatient, (biased decision-making, know it all thinking attitude, with an uncontrollable mix of fear and greed). We all know trader arrogance, fear and greed are at the source of losing.
* Lack Control - emotions, decisions, execution,
* Lacks - confidence, skills, and performance results,
* Denial - hoping for months, somehow, they will win,

4. Self Destructive Behavior:

* Losers don't take care of themselves - health, nutrition, rest,
* They have low self-esteem - lacking confidence, support, performance,
* They lack balance in life - put off family, friends, and fun.

5. Computer—hardware/software:

* Obsolete computer and software systems,

Let’s go for more detail

Games:

Most importantly of the 5 losing factors above, losers have no idea the trading game has changed. They are unaware there is a new game winners play.

They read and reread all the trading books (based on old school trading information), attend the trading courses (you guessed it, also old school) — filling their heads with everything they need to know about what? Losing.

Losers soon get very good at what they know best - Losing.

Why?

Because all the stuff available from all sources, including every course available and every booth of experts at the latest traders expo, are loaded with old-school thinking.

Arrogance:

The mood of arrogance, a combination of pretending to know about (pre-conceived notions) and thinking they can have complete control over everything in their life is the primary source of all losing.

Arrogance is at the source of failed businesses, failed relationships, and losing in all kinds of sports (games) - especially the day trading game.

“So How can I learn to Trade Well?”

Losers need a wake-up call before they blow up emotionally, blow out financially, or both.

This is your call.

Losers need to be willing to learn to win with humility - like kids learn to play computer games.

Kids have virtually no bias, no expectations playing games. They do have an unwavering commitment to win, period. They say kids have lots to learn from elders—well, we have a lots to learn from all the playful, innovative, passionate kids around us.

Traders need to learn to trade all over again in a game that’s at least winnable. We have the game and the learning program for want-to-be winners.

“Are you suggesting I need to change?”

You got it.

Uninformed:

“Why havn’t I hear about all this before?

Possible reasons:

* You weren’t ready, or you weren't listening, or both,
* Winners are not about to tell you about their trade secrets,
* Most winners are not available or competent to consult and coach you about what they learned the hard, expensive way,
* Arrogance - the very weakness that crippled your trading.

Trust:

Again, there are 3 crucial elements for trust -

* sincerity,
* competence, and
* performance excellence.

Performance—includes winning decision making, timely actions - , intuitive yet controlled execution.

Working together effectively with your consultant/coach requires mutual trust.

Trust that your coach has what you need to win.

Trust that you the client trader are sincere, committed, and passionate about learning to win— willing to practice endlessly to allow change to occur, naturally, in due course.

Change:

Losers continue to trade in a funk, vulnerable, and gullible.

Losers go on playing an old school game, applying obsolete rules, unwilling to change anything about losing trading game or their loser thinking and destructive habits.

How can I change my Trading? How can I learn to win?

Losers persist in trading on their own — as they don't yet know of any other way to trade. It’s a combination of distrust of others, most of who failed them in the past, and arrogance, thinking “I’ll figure this out just like I have in other areas where I find myself in trouble”.

Losers don't seem to have any idea what's going on with the trading game, their enormous vulnerability, what's at the very source of their losing. So they just keep trading this way, take another course or two, a book or two, and so on, yet they keep on losing. It’s a vicious and painful cycle.

Since the technology bubble, day trading, all trading for that matter, has changed radically. Don’t tell the losers.

You want to win in this market, you better be prepared for a lot of change, so you can match this market and game change with your own radically changed game.

Trading attitudes have changed, trading plans and trading rules have all changed, and even the point of trading has changed– and most havn’t the foggiest idea of what’s really going on. What’s all this change is about? How can I find a place in the new game to take advantage of the change, to win again.

I’m going to repeat here. At the source of all this change is big money trading software. Sophisticated software, that you can’t beat, has changed trading and everything about trading.

Software has changed the trading game forever.

This new scientifically designed software is continuously redesigned by the few big boys at the top (billionaires, quant hedge funds, etc.) to stay at the forefront of all this change so they can get whatever they want from all the losers at the bottom of the feed chain—you and me.

Even though the big money has the trading game "stacked" against the average trader (much like the Vegas slots), losers are either unaware this is going on and/or refuse to do anything about it.

Big money loves it, market makers love it, and the quant hedge funds love all the losers out there. They love the money being made from the crowd of losers and prefer to keep this advantage just the way it is, at all costs.

Our work, our services for clients, are first about getting clients and others to wake up. Why? So they can choose to lose or change their trading ways.

Losers have absolutely no choice, if they want to make money that is. Losers aspiring to be winners must change. Change their attitude, their trading game, and the way make decisions and execute trades.

Now that's a lot of change.

“But you said people are allergic to change. So how are we going to change?”

Yes, and I also know that wherever you go for help, except right here, you will not get anyone to help you change.

This is what I know a lot about - change. As a consultant/coach, for what seems like forever, that’s what I help traders do best.

I’m in every sense of the words, a change agent. I help traders clearly see who they are and where they are, so they can choose to get to be who they want and where they want - as consistent winners.

And that’s what our Web site, all our Services, and our Trading Room are all about (even before subject of winning) - helping traders like you change (displace, actually) nearly everything they know about trading.

So there you have it.

You know how and why you lose.

You now know winning requires that both you and trading system need to change.

And you know what’s possible, financially, once you decide to take care of yourself and your career - with our help.

The trading game has changed.

So have we. And, so can you.

Comments, Questions, Suggestions, and more Information: www.DayTradersWin.com

Over 25 years Consultant / Coach - banking, real estate, senior executives. After a brief retirement, I now serve traders for them to become consistent winners - day trading stocks.

Trading Services:

1. Radically New Day Trading System
2. Trader Consulting and Coaching
3. Day Trading Room

Learn to Consistently Win, Earning CEO-like Income in a matter of months (not years), should you qualify.

http://www.DayTradersWin.com

Article Source: http://EzineArticles.com/?expert=John_McLaughlin
Comment

Tags
stock trading article, stock trading, mistakes, tips


Article Tools Search this Article
Search this Article:

Advanced Site Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT -5. The time now is 10:52 AM.


Creative Commons License
InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement and our content licensing.

Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.2.0

Article powered by GARS 2.1.8m ©2005-2006