Saturday, August 22, 2020

WHY 90% OF TRADERS LOSE MONEY

 Here is the link. 

There are 4 big mistakes almost every trader makes. Luckily, they can be easily fixed. These mistakes I highlight in this video are probably things you haven't heard before. Luckily we can flip these points around and come up with a very powerful trading strategy. Charlie Munger once said, "problems frequently become easier to solve if you turn them around in reverse... unless you're more gifted than Einstein, inversion will help you solve problems". This is what I did in this video. I use inversion to show you exactly why 90% of traders lose money, and how you can capitalize on their mistakes. Adam Thomas www.skyviewtrading.com cut losses option profits trading strategy strategy trader trading mistakes biggest mistakes traders make how to best trading strategy option strategy option trading options

My notes:

What 90% of traders do:

1. Buy breakouts and sell breakdowns

2. Cut losses short. Let winners run - cool theory but it doesnt work

3. Big position sizes

4. Never cap your profit potential - Higher success rate, smaller profits

Human psychology -

Inversion - your new trade strategy

1. Buy into weakness, sell into strength

2. Book profits, patient with losing trades - winner some point, in the future

3. Small positions - make decision on logic, not emotions

4. Reduce your costs by defined

Actionable Items

I do like to learn step by step to take inversion of 90% of trader doing, buy into weakness, sell into strength.


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