Why Do Most Day Traders fail?

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You have read about traders who make money consistently training the stock, so you know you are excited. And you cannot wait to start day trading. Do not rush because most day traders fail. Around 10% of day traders make money consistently.

To be a successful day trader, you have to be willing to do what other traders are not willing to do. You must learn how to manage your money and how to trade properly. And you need to avoid the following mistakes.

1. Poor Mindset

Most traders, who fail, are emotional. They let emotions affect their trading. You need less emotion and more discipline if you want to be successful. Learn how to deal with emotions. If you can control your emotions, you will make a lot of money in the long run.

2. Poor Money Management

Money management is important when it comes to trading. Do you love chasing loses? If yes, you will never become a successful day trader. To make consistent profits, learn how to manage your money. To avoid making mistakes, follow a successful trader’s money management strategy.

3. Over Trading

Most day traders fail because they overtrade, especially when they are on a losing run. They want to recover the losses as soon as possible. They do not know that they are inviting more losses by trading more. Overtrading increases your chances of losing your money.

4. Inconsistency

As a day trader, your goal is to make profits in the long run. So, avoid jumping from one trading strategy to another. Pick one trading strategy and stick to that one. Why? Because most traders fail because they are not consistent in their trading strategies.

5. Not Doing Enough Research

Traders fail because they rush to trade. Some of them do not even know what they are doing. Research is important, especially if you want to pick winning trades consistently. To select the right trading strategy, you have to do proper research.

6. Giving Up

Lastly, most traders fail because they give up to soon. Trading is hard and it is time-consuming. Most new traders cannot handle all the work, so they give up. Some of these traders entered this industry because they thought they will make a lot of money by placing a few trades daily.

These are the top reasons why most day traders fail. Do not make these mistakes if you want to make money in the long run. Pick a trading strategy and stick to that strategy.


Profitly Review – Is It a Scam?

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You probably know better than to believe any website that promises to teach you how to make millions of dollars, but what about honest programs that help you learn how to earn significant sums of money? One such website is called Profitly. It offers courses that teach you how to trade penny stocks. The teaching is legitimate but the results you get from it have much to do with the effort you put into it. By reading our reviews of day trading courses you can see if this program is right for you.

Many people have strong opinions both good and bad about the site. It was started by millionaire penny stock trader, Timothy Sykes. Originally the host of television’s Wall Street Warriors, Timothy decided to share his expertise online with students. He set up the Profitly site with lectures, videos, and trading platforms all led by experts in the trading field. Is it a scam? It depends on how you view things and by reading this profitly review you can find out yourself.

The website gives you tools and information to make good decisions about trading. Once subscribed, you can view real-time trades from some of the gurus there. You can keep track of your own trades once you are a member. While you do have to pay to see this type of information and to take the classes offered, you can sign up for free to get an idea of how things work. That’s not exactly the hallmark of a scam.

When it comes to the results anyone can get from online trading sources, promises of success can never be made. You can only get results from your own efforts, risks are always assumed from trading stocks of any kind.

The website also works with a goal towards being transparent and honest. It does not tolerate liars. In fact, it features a Madoff button. Anyone who suspects there is a fake trader in the ranks can hit that button to report them. An investigation will be done on that person.

People who think Sykes is a scam artist claim that he makes all of his millions selling courses at Profitly. They claim he does not do any trading anymore. That is debatable. Much of the information regarding his trade success from the past or any students’ is not easy to find, but that does not mean he or any of his students have failed to earn money from the techniques learned at Profitly.

A person should sign up for themselves to see how well it works for them. There are only 2000 students allowed at once and the site only lets students trade in a host of niche stocks. Still, for anyone beginning to trade this might be a great way to learn and do some low-risk trades as they go.

One thing is certain, the website has yet to be shut down for being an outright scam. Many critics can claim it is a scam, but no one can promise anyone will be an absolute millionaire for learning to trade stocks of any kind. That is something that is largely up to fate and a trader’s own good judgment.


What Do Jason Bonds Picks Reviews Say About His Courses?

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Not only does Jason Bond have a trading background, but he also has a teaching background. He gave up teaching to pursue a career in swing trading, but he is also now back to teaching, investment and trading skills of course. What do the reviews say about James Bond Picks? Could you benefit from the advice of a trading professional? Let’s see what Jason Bond Picks is all about.

First of all, his name makes me think of James Bond. Perhaps he is the James Bond of stocks. Also, it makes me, of course, think of stocks and bonds. While he is associated with stock trading, his last name still kind of help with the branding, don’t you think?

I am a long-term buy and hold investor, not a swing trader, so this is an unbiased review. You may or may not get the help you need from Jason Bond, but I can tell you one thing. As a swing trader, you could use all the help you can get. Of course, you also don’t want too much influence over your trades because what that can do is swing your emotions. When that happens, you lose every time.

That is why I don’t like swing trading. I know investing is a business. I believe in the companies I invest in and pursue a buy and hold strategy along with growth and compounded dividends. That doesn’t mean I don’t take risks or sell positions from time to time. It does, however, mean that I buy what I know, after doing my due diligence.

Swing traders are supposed to do their due diligence, too, but they don’t always do that. Do you? If you could use the extra guidance, perhaps Jason Bond Picks could help you out. What exactly does he offer people? Reviews say that it all started with a newsletter. Of course, now he offers full-blown courses to help traders make educated investments.

If I were a swing trader, I would certainly be open to learning as much as I can. I am currently being mentored by an older investor who has been in the market for years. I have been on the market for years myself, but that tells you that I’m not afraid to learn. This guy has a lot more money than I do.

Perhaps as a swing trader, you realize that Jason Bond has a lot more money than you do and knows the ropes a little better. Perhaps you could learn a thing or two from him. Not only does Jason Bond offer courses, but he also provides answers to direct questions, at least some questions, according to reviews. That’s a bit of a personal touch for a busy man, wouldn’t you say?

So what’s it going to be? Do you think that you would learn enough from his courses? How could your investing strategies benefit from what he has to offer? Perhaps he could help you find your next big trade, but remember, you are running a business.

View The Full Jason Bond Picks review