Top 6 Reasons You’re Failing At Trading. To become a proficient trader it takes time. What if you are struggling and are missing a critical element to your trading success? You owe it to yourself to take a few moments to listen and eliminate any of these reasons for trading failure.
Click here or in the video to find out some potential obstacles to your success!
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After over 15 years of creating winning trading strategies and coaching traders, John has a very good grasp on what can cause traders to fail and how to help them succeed.
In this excerpt from the Trading Performance Session 47, John discusses the top reasons traders fail.
One troublesome scenario that has played out many, many times is where a trader has been trading a proven, profitable long-term trading strategy and making decent profits. Along comes an ad or a fellow trader who has a different trading strategy that is claiming earns higher profits than their current trading strategy.
What do you think happens 9 times out of 10. That person abandons their profitable long-term trading strategy to trade this other trade that he just heard about.
We call this the shiny object syndrome or SOS.
More than likely this SOS trader never took the time to back test or even paper trade the trading strategy. Why should they? They are a “trader” because they were successfully trading the other trading strategy and they know how to win.
But do they know how to lose?
This is a fantastic discussion that you will NOT want to miss!
We know you will enjoy this insightful podcast where we discuss the many aspects of trading and what it takes to remain profitable over a lifetime. Even more importantly, listen up and discover what not to do as we reveal common mistakes you must avoid in order to be successful in the world of trading.
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