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As much as I wish this was not the reality of being a day trader, but it is. You will be wrong and these wrong decisions will cause you to lose money. If this sounds too mentally painful or too damaging to your ego, then in all seriousness.. Avoid being a day trader! The truth of the matter is, you will be wrong and this will cause you to lose money. This doesn’t make you a bad trader. To be accurate, it may be a sign you are a bad trader who is not using a valid strategy; however, this is why day trading is so difficult… how so? Well, being wrong and losing money may also just be part of the strategy. Where does this line exist between “part of the strategy” and “bad strategy” lie? Like I said, welcome to the difficult world of being a day trader. As you’ll see in this video, I was wrong on a trade and found myself in a hole of $400. What happened after the losing trade showed up? Well… something not so good which leads into another very important learning lesson. Let me show you!
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