The Science of Why Day Traders (Eventually) Self Destruct...

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Becoming a day trader is easy. Save up some money, have an internet connection and then open up an online brokerage account. The challenging part of being a day trader is.. well.. staying a day trader. The problem is, given enough time, most people who have goals of being a day trader eventually self destruct and give up. In some situations, these people give up because they are forced to given they've lost all their money, and in other situations, they give up out of pure frustration and discouragement. I stumbled across some interesting science done in the field of psychology and brain studies that reveals an interesting "system" we naturally have built into our brains that can either help or hurt us, depending on the context we put ourselves in. In a brilliant maneuver by the casinos and world of gambling, it is twisted against us as humans and the same can be true for the world of day trading. If you are a beginner day trader and just getting started in the stock market, you need to be aware of this science and how to avoid the adverse affects it may have on you. You need to ensure you are putting yourself in a context where this brain science is actually helping you, not hurting you! Let me show you how it all works.

The Dunning-Kruger Effect: https://claytrader.com/videos/the-science-behind-why-day-traders-fail-dunning-kruger-effect/?utm_source=social&utm_medium=youtube

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