Yep, it’s true. 90% of Traders do lose money..
….and they are giving to the 10% who are profitable.
And the reason for this is very simple.
It’s a mindset thing.
Here is how it works.
The majority of traders’ ( the big chunk that loses money constantly) mindset needs some work, because the way they think and act is off, BIG time.
The problem is that they take small profits and big losses, on the other hand the profitable traders are just the opposite: They take small losses (cutting a loss quickly) and when they have a good stock that is skyrocketing they let it ride as long as they can; taking giant profits.
This is very important, so please read it again!
THIS can make or break you.
Do NOT go down the route where the losers go down.
Now, here is another interesting fact for you to chew on. Be aware that it may seem a little bit metaphysical but bear with me. I assure you that this is how it is.
The fact is that your life is a reflection of your deep rooted beliefs in your subconscious mind. So your life is based on what you hold in your subconscious.
So even though you may say: “I want to make money today in the market!” (which is in your conscious mind), but deep down you believe that you won’t be able to do so, thus you make dumb decisions by getting into stocks that fail so you lose money.
That explains why you can NOT ever attract what you want but only what you deep down believe you deserve.
That’s why I never play a ticker if I don’t believe I can win; so I don’t force trades. When I played $OXBT I “knew”, I “felt” it in my stomach that this stock was a supernova; it turned out to be a crazy winner where I raked in $1300 on a $1500 investment in a couple of hours.
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