What 8 million retail traders got wrong

A research lab tracked 8 million retail traders.

The conclusion was brutal. Across 295 million live trades over 27 years, 74 to 89 percent of retail traders lose money during every major volatility event. The failure rate hasn't moved in three decades.

I've been doing this 25 years. The reason has always been the same.

Most retail traders sit down at 9:30, see the chart move, and pull the trigger. No plan written down. No predetermined stop. They're guessing in real time with their money on the line.

Blake Young doesn't do that.

Every night at 6 PM, twelve hours before the bell, he writes the entire next day's trade with the entry, stop, and target all set before any news hits. By the time he sits down at 9:45 the next morning, there's no decision left to make.

That one thing is why Blake isn't part of that 89 percent. Most people are guessing. Blake is executing a plan he wrote when his brain was calm.

Watch what Blake says here. 

Don't think. Just go look.

To your success,

Don Kaufman