everybody knows the statistic 95
of new traders blow their first account
of that
90 continue to fail until they
completely just give up on day trading
so
in this video i'm gonna explain to you
why 95 percent of traders fail
and how you can be a part of the five
percent that win
[Music]
welcome back to the channel everybody my
name is artie and this is the moving
average
a show where we discuss everything day
trading to keep you profitable on a
consistent basis
i'm going to give you the number one
reason why people fail in day trading
picture this
you're at a barbecue with some friends
and your buddy tosses you a beer and you
have no idea it's coming
and you instantly catch it that's a
knee-jerk reaction and you instinctually
catching it
when the market is moving it moves in
such a way to make you
think a certain way and you get in on
the wrong position and that is always
the trap that
all new traders fall for if you guys are
unaware of this trap
watch this video right here this trap
will blow
90 percent of day traders accounts
because once that trap is set
it will not come back to your entry
point for days
if not blow your account put you in such
massive drawdown that it hurts and you
close it anyway
the second reason why 95 of day traders
fail
is due to demo accounts when you set up
a demo account on
any broker even if you're using
tradingview it defaults you at a hundred
thousand dollars
when you have a hundred thousand dollars
in your account you tend to make
riskier trades that you wouldn't
normally do
you go into massive drawdown and you
don't care because you're
already at a hundred thousand dollars so
you're like ah what's
what's a drawdown of 2500 or 3 000 i'll
just hold it out
and then it eventually gets into profit
and you close it in profit of like five
or six hundred dollars
i can promise you one thing if your
account is in drawdown 3500
you're going to close that trade you're
not going to wait for it to get into
profit that
reckless behavior that you learn during
the trial of your demo account
bleeds into your normal trading when you
end up feeding in real money and that
means you lose trade
after trade after trade after trade so
in order to not be a part of that 95
that fail open up a demo account which i
highly highly suggest for at least a
month
with only the amount of money that you
would pay into a live account whether
it's a hundred dollars or a thousand
dollars
the next reason why 95 of day traders
fail
is because they are greedy the
difference between how much you want to
take as profit
versus how much you're willing to be in
drawdown is
so different it'll blow your mind once
you actually start trading
you could be in profit on a trade 50 and
then it starts going the opposite
direction
and you will not close that trade until
it hurts so bad and you're
down 753 dollars when
if you weren't greedy you could have
taken 50
in profit the next reason why 95
of traders fail is because they do not
learn the fundamentals
learning market structure learning when
to not trade during news events
simple candlestick patterns these people
completely neglect learning this
because they want to jump right into us
30 and start making the big bucks but
what i would suggest
is watching my beginner playlist right
here and that will give you the
fundamental education that you need
to practice and learn in order to be a
good day trader
and the last reason why 95 percent of
traders fail
is absolutely zero risk management
whatsoever
you have no system for your day trading
you don't have a set stop loss you don't
have a set take profit
you just kind of willy-nilly get into
the market and hope to become a
millionaire
it does not work that way you have to be
systematic with
every single trade every trade that you
place
has to have a stop loss has to have a
take profit it has to hit your three or
four requirements for even entering the
trade in the first place
if you just log on to mt4 and click buy
and sell whenever you want
you might as well just be flipping a
coin with your technical analysis
so how do you not be a part of the 95
of losing traders learn the fundamentals
don't be greedy
watch all my videos stop buying courses
from people that are
gurus because you're gonna pay a
thousand dollars to get
a little tiny bit of information but if
you want more you need to get their vip
that's why i've made this channel i made
this channel so that you don't have to
buy
courses all information is on the
internet for free if you know where to
look
i've looked and i put it all in one
place right here
in video format for you guys to learn
everything you need to know
to become a successful trader to be in
profit every single day
is in my videos if you are losing right
now
stop what you're doing watch my videos
get a demo account
put a hundred dollars into it only trade
that for three months solid if you are
in profit after three months
consistently
then put in real money use what you've
learned in my videos
in your demo trading then use it in your
real trading these are the things that
you need to do you're not going to
become
a millionaire day trader overnight it
takes a lot of hours
it takes a lot of time it takes
diligence and it takes
massive patience to wait for the perfect
entry
so if you guys are ready to learn
something watch the 40 some odd videos
that i have on this channel
and i promise you you will get a grasp
on day trading
and if you guys are still watching this
video guess what that means that you
like the video so if you wouldn't mind
smash the thumbs up button right there
below my face
subscribe to the channel if you have not
already for more videos like this
and we will see you in the next one