A not so popular day trader truth is this: you can not always win. If you are someone with an ego so big that “being wrong” is something you really struggle with admitting, then day trading (or any trading for that matter) is not thing something you should pursue. While I understand given the nature of social media and the internet that you may have an impression that you can “always win”, that’s not true. If someone is giving off that impression, you need to find someone new to follow and learn from. If you want to learn how to trade and have long term consistent success, you must use the skill of risk management. Or, in other words, you need to be willing and able to take losing trades. Just because you lose money as a trader does not mean you are not a good trader. It does not mean you are doing anything wrong. In all actuality, it proves that you are being conscious of controlling risk which is a “must do”. The sooner you realize that you can not always win as a day trader, the sooner you are putting yourself on a realistic pathway to building a viable strategy. Let me show you some realities of day trading via some of my personal day trading results that I was able to capture on video.

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