Traditional business is primarily about innovating and delivering world-class products  and

services — in a market, local or global, of unlimited people you can reason and negotiate with,

and when done well (you sell and service better than anticipated) then your traditional business

can succeed.

Your trading business is very different but far less complex, in contrast to any non-trading

business. Your trading market, that seems complex and hard to figure out, is quite simple

and much narrower in scope than any other business, if you know what’s really going on.

There are no customers or clients, aside from yourself and your coach, and you answer to

no one but yourself, while day trading.

Your trading market is beyond your control — it’s a market of computer systems, software

(designed by big money hedge funds, etc. to take out 98% of all the traders — personally

and financially). In effect, market movers, big money, are intent on using their software

and what you’ve learned over the years to take you out — kill you. Losers ignore this fact at

their own peril.

These are the differences between traditional business strategy and your trading business

strategy - that you must be aware of and accept for you to begin to shift from losing to

winning, from having an unprofitable to a very profitable trading business.

You gaze at monitors, wiggle your mouse, and tap your keyboard endlessly as you trade. Your

trading business world is, in essence, just a few hundred square feet of space where you do

your thing with software. No inventory, no meeting, no travel, and no collections.

External to you, there is price balance or imbalance that presents great day trading

opportunities — if you know what’s needed to win and what to look for to win.

Simple and challenging, yes?

Here’s what you need to know about trading failure.

There are 3 primary reasons for failing in the trading business: insufficient stock trading capital,

taking too long to become profitable - why?, because you are trading on your own (no coach),

and a lack of experience in most of the important factors for a successful business, any business.

Lacking adequate capital is the primary reason for trader failure.

Traders need 3 types of capital: obvious, they need risk or trading capital, for stock trading

we recommend a minimum of $50,000 to have adequate buying power; learning capital which is

widely ranging based on experience, attitude, and ability to change or learn; and start-up capital

for all the living expenses needed, which again can vary widely, while your trading business

is being developed to the point of profitability.