Hi I am new in this stuff and am very excited 
to join day trading. But I just came across the below article and I am wondering if I should abandon my wish to enter day trading. What advice can you experienced and seasoned day traders on this forum give us newbees?
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Some estimate that 80-90% of day traders fail, while others say that as many as 66% succeed, once they advance beyond the costly learning curve. But one thing is for sure: Thanks to the convenience of online trading, many day traders jump onboard without mastering the techniques first. They mistakenly assume that easy trading means easy money. There are experienced traders out there who eat amateurs for breakfast, and they will gladly separate you from your money. If you don't want to be eaten alive, do your homework. Remember, every time someone makes money in the market, someone loses.
All beginners go through a learning curve, so expect to lose some bucks before you earn some bucks. Mistakes, like buying at market open without following after- and pre-hours news and trading sessions, can cost you dearly. Even once you're starting to see profits, expect to lose some. There are many market influences that even the most-tested methods can't predict.
to join day trading. But I just came across the below article and I am wondering if I should abandon my wish to enter day trading. What advice can you experienced and seasoned day traders on this forum give us newbees?----------------
Some estimate that 80-90% of day traders fail, while others say that as many as 66% succeed, once they advance beyond the costly learning curve. But one thing is for sure: Thanks to the convenience of online trading, many day traders jump onboard without mastering the techniques first. They mistakenly assume that easy trading means easy money. There are experienced traders out there who eat amateurs for breakfast, and they will gladly separate you from your money. If you don't want to be eaten alive, do your homework. Remember, every time someone makes money in the market, someone loses.
All beginners go through a learning curve, so expect to lose some bucks before you earn some bucks. Mistakes, like buying at market open without following after- and pre-hours news and trading sessions, can cost you dearly. Even once you're starting to see profits, expect to lose some. There are many market influences that even the most-tested methods can't predict.
