Why Traders Fail
Risk Management and Failure to Take Profits
Traders have no idea what their price target is or if they have a price target, they have no idea why it’s set at that. A lot of them won't use stop limits because they are afraid that they could made more.
Believe all the hype and then panic sell.
Lack of Education
No education in risk management and a lack of discipline are a recipe for disaster. I would say the large majority of day traders…