D_mn! Really, Really Bad Mistakes So Many Day Traders Keep Making

ARE YOU SELF-SABOTAGING YOUR ABILITY TO SUCCEED? THIS SUCCINCT BOOK ON DAY-TRADING PSYCHOLOGY IS A BRUTALLY-HONEST EXAMINATION OF BASIC DAY-TRADING MISTAKES. LEARN TO MAKE FEWER MISTAKES. LEARN TO REDUCE THE IMPACT OF MISTAKES. LEARN TO STOP FAILING.

Day traders must make rapid money-risking decisions under intense mental stress. Traders who are not psychologically prepared suffer. Traders who are psychologically prepared succeed. Based on my day-trading experience, I reduce the preparedness you need to be sufficiently effective. How do you deal with your impatience? How do you deal with your anger? How do you deal with your fallibility? How do you deal with mentally freezing when it is time to enter a trade? How do you deal with mentally freezing when it is time to admit a loss and move on? Currently, the area I need to work on most is not freezing when it is time to enter a trade, and staying in cash when I am tempted to enter a trade late (intraday runs can decay fast; speed wins). You will make mistakes as a day trader. Be mentally prepared. Start each day fresh. Trade methodically.

NOTE: These ideas are also in included in MY "KEEP-IT-SIMPLE, STUPID" GUIDE TO SUCCESSFUL INTERMARKET DAY TRADING (amazon.com).