Why I fail as a trader

As a Trader we are  "hard-wired" to do all the wrong things till we have not trained our mind. You will always look for the easiest way to make money but unfortunate its  turn out to be the easiest way to lose money.
During my trading session I ask my students to sit down and write  on, "Why I lose money in trading, Why I fail as a trader " Be honest with yourself. What are your typical excuses?
You might write something like this:
“I was desperate, and I needed to do something.  As a result, I really didn’t have time to do a trading plan Instead, I just made trades.”
For the 30 minutes that it takes to do "Why I lose money in trading, Why I fail as a trader ” exercise, give yourself a break and be brutally honest. Can you be honest and tell it like it is, or is it more important to justify the excuses and be a failure?
So go ahead. Take 30-60 minutes right now and start writing down your excuses about your trading.
Do the exercise even before continuing reading this article! It's that important.
So What Did You Write?


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