Day trading can be a highly risky business.

This is a warning that even the Securities and Exchange Commission (SEC) displays on their site. The SEC states: "Most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the devastating losses that day trading can bring." U.S. Government Required Disclaimer - Stocks trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stock markets. Don't trade with money you can't afford to lose. This book is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this book. The past performance of any trading system or methodology is not necessarily indicative of future results.
They further warn that "Day traders typically suffer severe financial losses in their first few months of trading, and many never graduate to profit-making status."
That's pretty sobering, isn't it? Makes you want to rethink getting into day trading at all -- seeing that the odds are stacked against you -- doesn't it? I don't know about you but that scares the hell out of me.
However, when you consider the average returns of my First 60 Minutes
of TradingTM -- that's 1% daily, after broker's commissions -- that's
far ahead of the returns most day traders get. First 60 Minutes of
TradingTM has a 70+% success rate. In contrast, day traders as a whole
have an estimated 90% - 97% failure rate.

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