Which Day Trading System Do You Use?

#	Distinctions	Old Day Trading System	New Day Trading System
1	Mood - Attitude	Day trader Arrogance, Greed, Hope, Fear	Trader Humility, In Control, Alive
2	Expectations	Get Rich Quick (Hundreds/Day)	Winning (Thousands/Day)
3	Capital	Inadequate Risk/Start-up Capital	Adequate Risk Capital/Start-up Capital
4	Context	Trading On Your Own, Endless Research, immersed in market Noise	Trade with a Coach, Trading with Winners, in control, in focus
5	Focus	Money - Chatter	Winning - Learning
6	Risks - Post Market	Maximum Risk - frequently holding overnight	Minimum Risk - flat, never holding a position overnight
7	Passion	Get Rich Quick, Picks for the day	Winning - Real-time trading opportunities
8	Losers - Winners	98% (of all traders) - Investors, Money Managers, Advisors, Amateurs	2% - Smart Money traders - using expencive software to kill the 98%
9	Holding Period	Hours - Days - Months	Rarely over 3 Minutes
10	Results	80% Losses - (big money losses) 20%Wins (marginal wins)	- 80% Wins (big money wins) - 20% Losses (marginal losses)

Take Charge!