Originally posted by DimPrawn
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The problem with Day trading is people think its easy, and all they have to do is buy a big screen, open a broker trading account and rake the cash in. The reality is that 91% of people lose money because they leap in with no training or study of the markets. Would you jump in a plane and take off with no training, only hoping you'll be OK?
It takes years of study and experience to make consistent profits. Most new traders focus on making money, but a professional trader will concentate on protecting his capital. Cut your losses, run your profits. Newbies do the reverse.
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