CHAPTER 17Critical Elements for Success as a Day Trader

My many years as a trader in stocks and futures have been not only incredibly enjoyable but also a constant learning experience. I have benefited from my own mistakes and from the mistakes of others. Having personally mentored hundreds of traders over the years, and having coached traders on a one-on-one basis, I have been blessed with countless opportunities to observe not only the repetitive errors that traders make but also the relatively few things traders do that lead to profits.

The sad truth is that most day traders lose money. They do not lose because their techniques are useless, but their losses can be attributable to various and sundry other reasons not directly related to methodology. ...

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