Why Day Traders Lose Money, Stop Trading... and Quit

Being a day trader and making money online from any location you choose is one of the most freeing experiences a person can give themselves. The truth of the matter is day trading is a huge challenge that cause many people to lose money and quit. In all actuality, this fact makes zero sense at all. There is so much free information available online (or so the theory says), yet, most people who try to learn how to day trade online fail. The first step in avoiding a problem is identifying the problem (especially if you are just getting started in your trading journey!). I've been helping and guiding traders since 2013 and I've seen many of the same things over and over again that cause traders to lose money and give up. What are some of the problems out there that lead to failure among most traders? The problems are very small in nature; however, when you have enough small problems they eventually become big enough to bite you hard. Here's how to avoid this!

[brucetoh]

don't forget the point where they've invested in their knowledge but are at the stage where they're getting stopped out more times than not for following their plans and then needing to re-adjust before finally getting consistent, i feel this stage is the hardest for me. needing to remind yourself, it's worth it just keep going. at this stage hard-work and never give up should be applied. but only because the foundation is solid.

[daynemin]

People find it hard to accept that someone that is consistently successful at something has something to teach. Ego gets in the way of accepting that you don't know, or that you don't even know what you don't know lol. Ive been doing my own research for the past few months. Looking for a mentor now that I know it's something I'm genuinely interested in. Law of economics, people are happy to exchange money when value is being added to their life 😊

Thanks for the video.

[matthewferguson]

Trading disciplines and Trading emotions ... That's the difference between winners and loser is this endeavour to becoming a professional Trader .


There is no information that will make you a good trader on you tube or in a trading course . You cant learn to be disciplined, and you cant learn to control your emotions from someone else, from youtube or in a trading Course.. Its a 'self discovery" with no magic dust or silver bullet. .. Learn to control yourself...and you will have a greater control of the market and your trading career. Good luck guys and girls...Having a go is just the start...

[bulldog]

Brother, because the information is out there doesn’t mean it’s being used. Work with many people who continually put money into the stock market but still can’t read candlesticks.

[human_hope]

It's not as easy as free information but it's also not as easy as buying a $500 course either

[alferdauzer]

Straight to the point as usual Clay. All information is good but you don't know what you don't know. Long time ago I subscribed to an educational program that it was good, but I thought it was a scam, and the problem was that they focus on large caps and I was using the method for pennystocks. Would be the same if you try to trade forex with a futures strategy, the basics are the same but they have their variables.

[fulltimetrader]

The failure rate is so high because the game is rigged. And many people have insider info, most people do not have this info so they lose money. Sad but true.

[secondrow]

because some informatie is left out that in a sense is amlost like a crusial key :) ad least that is how i experience it

[raxibedag]

After watching you trade, I was wondering how traders lose money!!!

[weskunkel]

first one in. losing money sucks. and Free is not Free

[Starius]

a couple months back I was arrogant because I had 5 trades in a row go my way (crypto trades), so I put HALF on my next move and lost so much... I got back in my groove after a 2 week break by setting a goal of $200 in 3 days, I actually got it in 2.

tldr. I lost faith in myself after big loss, seta small goal to get my "feet back in the water".

[Garasky]

Hi Clay I'm a fan of your content & I just subscribed to your channel. May I ask you if there are other YouTube traders out there that you respect or follow?

[ShalomHealthServices]

Clay I need a mentor...How can I link with you? email or phone consultation? I'll become a member....I need help

[MADEB]

I lost you at some point, all I heard is come to my class. I think you should let people search for your classes by themselves than advertise yourself every second sentence. Stay humble. Happy new year

[surenkhalsa]

Clay, Are you saying your couse content doesn't have those aaahe Yellow patches? Nobody has holy grail..nobody...But, i generally like the stuff u showcase in youtube