If you want to learn how to make money online and become a day trader in the stock market, know this: you must be willing to admit you are wrong and lose money. No one wants to lose money, but in the business of day trading and using smart habits, it happens. While it is much more enjoyable to talk about making money because of winning trades, risk management should be at the top of any successful traders “do do” list. Take the loss and live to fight another day. That’s how it works.