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I'M LOSING MONEY DAYTRADING - SHOULD I QUIT ❗❓ Video

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I'm losing money day trading - should I quit? This is a question some traders ask themselves after losing money when starting out. OK.

There are two scenarios here. Let's assume you have sufficient money to live on and you're just doing this in your ample time and you have enough time to hopefully make this work. If so, don't quit but reduce the position size.

The other scenario is that of a trader who has made a commitment to trade but he's not performing at the level he/she wants. Perhaps you don't have another income to fall back on. The number 1 thing you need to stay in the business is 1) capital 2) enough money for your day-to-day living. If you have those two things then you're good and you won't be trading from a position of fear.

✅ Our channel sponsor for this month are Trade Nation meaning these guys are covering our costs of operation. We only accept reputable and properly regulated providers as sponsors. Please support us by trading with this provider. Trade Nation offer the popular MT4 platform as well as an easy-to-use web trading platform with fixed spreads.

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81.7% of retail investors lose money when trading CFDs and spread betting with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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