TIRED OF LOSING TRADES & MONEY?
Folks, are you tired of losing trades, lots of trades, and therefore losing money? Yes, day trading can be quite disheartening if you keep losing trades. It’s not very much fun and it definitely doesn’t do your bank account any favors either. Let’s talk about the biggest reasons why you are losing trades and how to fix these issues. We want to turn you into a profitable day trader and we want to do so today!
Why Are You Losing Trades?
Ok, guys, so now we want to talk about the 6 major and biggest reasons as to why you might be losing trades. Losses can add up real fast, so you need to figure out exactly why you are losing trades right here and right now. Let’s talk about this issue and figure out how we can turn you into a winning trader!
Scared of Failure
One of the biggest reason why you might be losing out through your day trading, whether Forex or otherwise, is because you are scared of failure. Yes, it is good to be weary and a little cautious when trading. After all, you don’t want to risk it all on one big trade. However, being too hesitant and overly cautious can be just as dangerous.
If you are confident in your abilities and you know what you are doing, being overly cautious can be a trader’s death sentence. It can be scary, but a truly profitable day trader has the ability to embrace just the right amount of risk to bring the profits home. No risk means no reward. Getting over this fear of losing trades and losing money, as well as embracing risk, is something that a good trading school like the Income Mentor Box Day Trading Academy can teach you.
A Lack of Research
Another big killer that leads to losing trades and money is an overall lack of research. Are you using indicators? Are you using the right indicators? Do you know your trading strategies? Have you analyzed charts for the day? Have you looked at economic and political developments, as well as news released? The bottom line is that many traders will trade blindly or emotionally, and this then leads to losing trades and losing money.
You have to do your research, and this goes for every Forex trade, currency pair, and stock market trade that you make. Now, doing research, especially in terms of technical and fundamental analysis is not very easy. This much is true. However, you can learn to engage in research and analysis in an effective and efficient way. Andrew from the Income Mentor Box Day Trading Academy is one of the top professionals when it comes to teaching you how to research your day trades to prevent losing trades one after the other.
You Don’t Have The Right Mentor
Of course, day trading, whether stocks, Forex, or indices, is not the easiest thing to master. It takes skill, knowledge, and yes mentorship too. This is not something that you can just Google and start doing on a whim. Not having the right teacher to explain the ins and outs of day trading to you will quickly lead to losing trades.
Having a mentor, one such as Andrew from the Income Mentor Box Day Trading Academy, is worth its weight in gold. No kidding, because having somebody who has already gone through the learning curve, and is now a trading pro, a profitable one, is a great way to learn. This is something you need to learn from an experienced professional who can help you avoid big time mistakes that will cause losing trades to occur.
You Don’t Keep Track of What Works & What Doesn’t
Another big thing that can cause losing trades is if you do not keep track of what works for you and what does not. Sure, you might win a trade here and there, but how did you get to that winning trade? A lot of this has to do with doing research, being familiar with trading strategies and methods, and being able to engage in analysis. In other words, you need to know how and why you are placing each trade.
This will help you avoid losing trades because when a trade is either lost or won, you can judge exactly why that loss or win occurred. Not knowing why a trade ended up being a loser is a big problem, something which you need a mentor to teach you how to find out. Once again, we find ourselves recommending the Income mentor box Academy to teach you how to engage in this kind of performance analysis.
You’re Not Saving Money
Now, this honestly does not have much to do with losing trades, but it does have to do with managing your investment capital. Some people will splurge and spend a whole lot of their winnings of fancy dinners and nice cars.
Sure, it feels good in the moment, but what happens when you buy a new Mustang, and then the next day you lose 20K through day trading losses? The point here is that you need to save your winnings so you have something to fall back on when the trading losses hit you hard.
You Don’t Understand How Day Trading Works
The simple fact of the matter is that trading Forex, indices, stocks, commodities, and everything in between takes skill, knowledge, and practice. Rome was not built in a day, and professional traders don’t just spring out of the ground like daisies.
You need to have a fairly intimate understanding of how day trading works in order to stop losing trades. Seriously guys, if you want to become a self-sustaining and profitable day trader, joining a trading school is very highly recommended.
Stop Losing Trades & Money – Join Income Mentor Box Today!
The bottom line is that we think that anybody losing trades, especially lots of trades, would benefit from joining the Income Mentor Box Day Trading Academy. This is one of the most affordable, reliable, and comprehensive day trading schools out there. The teacher knows what he is doing, there are tons of lessons and tutorials, and even free Forex signals and other free signals for you to copy right into your trading platform of choice. In our opinion, there is no better place to learn than through the Income Mentor Box Academy.
IMPORTANT: If you have any questions, issues or you experience any problems please email us and we will be glad to assist you. Our contact customer support email is: firstname.lastname@example.org. If you register with this service from our website then you will always have our full free support in case you run into any issues or problems. Remember that you are not alone, with us you will always be safe!
To date, we have settled close to 2,000 trading disputes and we will not stop until we put every last scam out of business! If you have been cheated out of money or scammed by any fraudulent trading service, we encourage you to reach out to our complaint center for free help. If you need help, we will provide it for you!
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