The Daytrader's Cycle of Doom & How to Avoid It ☠️ Video

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The daytraders cycle of doom and how to avoid it. http://www.financial-spread-betting.com/trading/day-trading-course.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! This is for day traders mainly. What I'm going to discuss here can be devastating and can be career-ending if you fall into this.

What is it all about? This is psychology and mindset to help you get to the next level in trading.
1) You are already out of the zone.
2) Your trade comes close to your stop.
3) You decide to give it more room.
4) Maybe you add (after all its close to your stop)
5) The trade is great - give it just a little more room.
6) Maybe you get stopped. But you get back in (after all its a great trade!)
7) Then you notice that you've lost way more than you expected...

How do we avoid this? We need to catch ourselves as soon as possible. As soon as we are idling we need to step back from the red zone!

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