TOP 3 Deadly MISTAKES Day Trading Beginners Make

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0:00 Intro- Beginner trading mistakes
0:52 Stocks only go to the moon
5:40 Getting rich quick in day trading
8:27 Secret trading strategy?

Are you a beginner day trader and making these DEADLY mistakes?
1. Believing stocks can only go up… to the moon!
With all the new money supply in the form of stimulus checks in the US everyone has started throwing money in the market again. For beginner day traders, this could be an extremely dangerous situation. There is nothing wrong with trading momentum stocks on the way up. But understand what goes up must come down eventually.

2. Day trading as a get rich quick scheme.
Most of the time beginner day traders follow alerts to buy or sell without learning the proper process to learn day trading or risk management. This creates followers. And when the stock goes against them, they panic and they market order out for a big loss.

3. Looking for the perfect day trading strategy.
Most beginner new traders are always trying all sorts of trading strategies. The moment they lose some money in one, they think it’s the strategy that’s not working. The truth is that it’s not just the strategy that determines whether a new trader is successful or not, the most important part is risk management.

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