The Day Trading Mistake That Costs You Money

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Day traders think they can make money every 
single day. They can’t. Some days are much  

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better to have a big trend move than others. 
So how do you know when you’re going to have  

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a large trend move? Because that’s the only way 
that a short-term trader will make money. So when  

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do those days occur? I’ll tell you when—when we’ve 
had a series of one or two days with small ranges,  

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then we’re going to have large ranges 
because the markets move in a natural cycle.

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Small ranges to large ranges. So when I’m day 
trading, I sit back. I wait until I’ve seen  

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a series of small ranges because then I know 
I’m going to have a day range—a large range,  

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an explosive range. Large ranges don’t attract 
me to day trading. They do most day traders,  

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and they end up losing because 
then we go to small ranges.

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To be a successful day trader, 
use patience. Wait until you see  

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small ranges because that’s when your 
best opportunities are going to come.