Many have tried day trading, and an overwhelming majority have failed.  However, for every 99 that fails miserably at day trading, there is always that one success story. In the book Hour Between Dog and Wolf, trader-turned-scientist John Coates talked about two dangerous but opposing emotions that can ruin a trader.

Although it is totally possible to make money as a day trader, the vast majority who try day trading do not make a profit.

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