Attention Novice Day Traders!
Do you think you will end the year in profit?
Coming from my own experience, I know it can cost you a lot of money trying to figure out what and how to trade when you're just getting started. Not to mention how overwhelming it feels to have to find a scalping strategy that you trust enough to work in the long run!
During my first year of trading, I jumped from strategy to strategy, held onto losing trades until they hit margin calls, and made all kinds of other trading mistakes that may be too embarrassing to share in detail.
My initial reaction to losing so much money was to keep looking for a holy grail..usually in the form of more information, new strategies, and any kind of trick that could make trading feel more predictable. As a Ph.D. student studying business, I was also looking for ways to learn and trade without having to make day trading another full-time job I needed to juggle.