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Day Traders are IDIOTS!

We can’t help it. Our occupation forces us to face our inner stupidity every single day. I can’t think of another career like this. Who else goes to work KNOWING they will make several mistakes that day. After all, I’ve never ended a trading day where I felt I did everything perfect. No trader has.

I do have some advice for new traders who are really struggling though. Pay yourselves by scaling out when a trade is working for you!

Most new traders struggle with selling in parts. I’m gonna keep this short and sweet. The MOST IMPORTANT reason to scale out when a trade is working in your favor has nothing to do with profits and everything to do with psychology.

As a trader, you MUST prove to yourself that YOU are in control of your trading and YOU can take money from the market. I’ve been running GreatStockPix.com since 2004 and I STILL scale out for this reason.

It is simply demoralizing to be green in a trade only to have it turn on you and become a loser. Not only did you turn a winner on paper into a loser in reality, but you’ve put your head in a bad place. Now you’re vulnerable to a plethora of other trader mistakes as you try to redeem yourself for this blunder.

As a trader, mistakes can quickly take hold of your emotions to the point where you can slip into that trading abyss known as the dreaded TRADING DEATH SPIRAL.

We are all human. We are all vulnerable. Recognize this and take preemptive measures against the common pitfalls all of us traders face on a daily basis. Take charge of your trading by paying yourself along the way through scaling out.

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What Our Members Say

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You can join our trading room right here. Unlike many chat rooms, we give you our trade ideas BEFORE we buy them!

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MemberGreat Stock Pix LLC
No question from me today, but a compliment instead... there are more than enough good calls made everyday in the room. Joining was the best trading choice I've made to date.Thanks!!
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MemberGreat Stock Pix LLC
Hello, just wanted to send you a quick email and let you know how much I have not only enjoyed but also have learned in the few short weeks I have been on you site. I generally trade 1-2 days a week because my real job gets in the way, but i have been able to log 9 days now in your room. Of those days i've only had 1 red day & that was due to a risky trade i made on my own. Ive traded for years, always a bit nervous going into a position, but watching your ...
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MemberGreat Stock Pix LLC
Mike,I won't keep sending emails, but want you to know that I just had my first multiple four figure day and it is completely due to being in the chat room. The strategies you teach in the videos have really helped me........ After trading alone for two years, your room is like a breath of fresh air.Thanks!!
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MemberGreat Stock Pix LLC
Love your service...I tell everyone I know about you guys!
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MemberGreat Stock Pix LLC
Mike, I have learned more in last few months than I have in any book and I'm ashamed I let these guys lose my money for years. Another $1300 day....Thanks!
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MemberGreat Stock Pix LLC
This is the first time IN MY LIFE my account is up over 10% IN ONE DAY and its all cause you taught me to buy weakness and sell strength. Thanks so very much!

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