http://www.marketgeeks.com/does-day-trading-work/ Download Your Free Short Term Trading Report and Trading Strategy. Does day trading works discusses expectancy and psychology the two most important factors that determine whether traders succeed or fail.

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2. 2 Factors That Determine Success
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3. 2 Questions I Get Asked Daily
Does Day Trading Work?
Can I Make Money Trading?
These Are Not Simple Yes And No Questions
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4. Trading Can Be Very Simple And Complicated
Bet Sizing
Monte Carlo
Simulations
Stop Loss
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5. Two Factors Determine Success Or Failure
You Cannot Succeed Without Mastering Two Important Elements
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6. Profitable Trading Is Simple Math
1. Winners Must Be Bigger Than Losers
Or
2. Percentage Of Winners Must Be Higher Than Losers
=
Positive Expectancy
Your Trading Method Must Have Positive Expectation Of Profit
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7. Simple Formula
Answer These Questions
1. What Percentage Of Your Trades Are Winners
2. What Percentage Of Your Trades Are Losers
3. The Average Amount You Win
4. The Average Amount You Lose
Plug The Answers Into This Formula
(Average Winner x Win Rate) – (Average Loser x Loss Rate)
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8. Simple Example Of Positive Expectancy
Answer These Questions
1. 50% Winners
2. 50% Losers
3. Average Win $2.00
4. Average Lose $1.00
$2.00 * .50=$1.00
$1.00*.50=$.50
Positive Expectancy .50 (The Higher The Better)
(Average Winner x Win Rate) – (Average Loser x Loss Rate)
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9. Psychology And Self Sabotage
Mastering Psychology Is Just As Important As Expectancy
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10. Difference In Thinking
Beginner
Fears = Cut Winners
Hope = Keep Losers
Professional
Fear = Cut Losers
Hope= Keep Winners
Do You Notice Any Difference?
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11. Master Expectancy And Psychology
You Need To Master Both To Become A Professional Trader
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12. Thanks For Watching
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