Intense excitement when you hit a winning streak is almost detrimental as becoming depressed when you have a string of losses. As a day trader, you have to learn to balance the state of impartiality over winning and losing of trades. You have to accept the fact that you will have losing trades readily as you will have winning.
Reach the stage where you comfortably accept the loss for the knowledge that your method of trading will produce profits in the longer term.
Once you become a disciplined day trader, then the possibilities are endless to earn consistent profits in a day trading.
One Reply to “Why day traders incur Heavy losses?”