There are literally thousands of traders out there who have brains, motivation, money (but not for long), big computers, trading software, newsletters, trading magazines, courses and more, but who can?t make money. I call them ?Johnny and Jane?, because they?re typical and engage in losing behaviors common to so many traders. The sad but true fact is that in spite of all the advances we have made, too many traders still fail. But why? Why is it that ?Johnny and Jane Can?t Make Money in the Markets? consistently or successfully? Here are some of my thoughts. I hope they help you in your trading plan. Hopefully you won?t end up like Johnny and Jane or if you?re already a Johnny or a Jane (or both) my thoughts will help you improve your results.
1. The average trader gets too much information
In my talks with traders I have discovered that the typical trader uses the following information sources almost daily or even many times daily: two or three newsletters, two or three...
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