90% of traders lose money... So how to be in the top 10%?

  90% of traders lose money... So how to be in the top 10%?

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90% of traders lose money... http://www.financial-spread-betting.c... So how to be in the top 10%? Francis Hunt a technical analysis trader and coach comments. What are the bad habits to avoid? What are some trading mistakes to avoid? Is trading forex, indices and commodities a giant casino? Decide on a strategy that looks after all elements of money management. You've got to manage losses and you need to have a system that will make more money than it loses. Patterns are probably the most important technical analysis tool for me. If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date!

My learning notes: 9:45 AM - 9:50 AM

1. Risk reward, manage loss, system you believe, more logic better;
2. Blackbox system?
3. Observe charts - used patterns - powerful analysis
4. Trade mistakes to avoid

Beginner -> intermediate -> trade size - loss too big

For example, 15% loss, and then take big bet - mental cognitive dissonance

pressure -> big again -> punch drunk

Probability win rewards -?

large management - ?

giant casino - underline market - efficient - true value - reactions all over - edges to be taken