I am sure you have heard the statistic that 90% of people that start spread betting fail and from that inferred that it is nigh on impossible to make a success of it. As you can see from my results I am not in that 90%. So, how can you avoid being in that group too? There are a whole range of reasons why traders fail and I have set out a few below. If you would like to avoid falling into the failed trader camp I would bear these in mind! To overcome them please consider joining or attending one of the seminars!
- Chasing losses
- Gambling – no discipline
- Stake too big (as a % of capital)
- No control over emotions
- Cut winners too soon – But dont let a winner become a loser
- Adding to losing trades – Better to cut and run I feel
There are of course other reasons but these are the main ones in my opinion. Despite what you read about “working” for half an hour a day and making untold wealth, it requires skills and knowledge. Join me and you can learn what you need to do.