(cont...)
Most freedom seekers are successful and independent individuals.
There is nothing wrong also with having high goals, that is what
makes us work hard. The rewards of daytrading can be enormous. We all have seen tales of fortunes made overnight, and dreams of cruising around the world, with our lap tops, trading from exotic locations richer than we had ever hoped to be, dance in all of our heads. I also know of people for whom that has come true. I know of few other professions where you can make your own hours and live where you
choose while at the same time making the kind of money you can make daytrading. As a result daytrading is growing in leaps and bounds. Many daytraders go into this however, thinking that it is easy money. They expect to make money having done little or no preparation.
Many have given very little thought to methods of any kind, and go
into trading chat rooms following the calls of other with no real reasoning behind their trading. (see mtrader.com They have a tendency to follow the leader like sheep. Often times out of fear, othertimes laziness. I see very often people entering trades with larger shares, limited skills, and absolutely no reasoning. As a result I have also seen huge losses and lives torn apart by regret, loss of confidence, and fortunes.
I have seen statistics that 20% of daytraders are still in after a year. I firmly believe, based on what I have seen, that this is due to
lack of preparation and method.
Ken
www.mtrader.com |
