No matter how many video lessons, blog posts, webinars, watch-lists and trade alerts I give, far too many of my students keep making the same mistake that prevents them from taking their accounts to the next level.
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Not probably, or unfortunately, but must. Professional, amateur. Hedge fund manager, day trader, indexer, 401(k) saver. Some of you must fail. It's a necessity of how markets work.
I understand you get up at 6:30 a.m. to study the markets. What do you learn that is not already in the public domain and has been analyzed by millions of other investors all over the world?
Insomnia is no good for a day trader. You need to be focused and on your game.
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