Day Trader - Statements Of Wisdom

Day Trading is a hard skill to learn. It is as hard as learning to play a musical instrument.

One cannot sit on the stool of a grand piano chair and hit the perfect keys in the perfect order with perfect timing on their first try. Imagine every time you tried you lost money. You wouldn't want to learn to play the piano.

Similarly the master day trader has finely tunes there key strokes and timing with the waves of the market to get in and out with the kaos of movement.

The obstacles of the day trader are:

Fear - Fear causes the day trader to hesitate and freeze when positions should be entered and exited. Fear can also cause day traders to take losses,

Doubt - Doubt causes great opportunity to be missed and causes a mind to be scattered and without firm direction.

Greed - Greed will cause day traders to hold onto positions too long often causing profit to turn into loss.

Hope - Hope will cloud the eyes of probability. Hope is not for day traders.

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