One of the most common statistics that financial pundits state about the stock market is that 95% of all Day Traders Fail in the stock market.
The obvious question is why? Why do the fail at such a high rate.
More importantly, why do new traders enter the stock market every single day knowing that the odds are stacked against them.
Some of the Common Error that many Day Traders make are:

• Many Traders Trading without a Plan
• Many Traders Take on too much Risk
• Many Traders have not developed the necessary discipline
• Many Traders are impatient
• Many Traders have too small an account (which results in taking on too much risk)
• Adjusting your Stop or Position Size for the wrong reasons
  • Not tracking the net affects
  • Often confusing the Purposes of Each

So how can we overcome these common mistakes.
A key factor towards a trader's success is the importance of developing who you are as a trader.
Know who you are at the core is the key to becoming a successful investor.
Dr.
Van Tharp in Trade Your Way to Financial Freedom states that the Holy Grail is not a Magical Trading System; it is instead an internal struggle.
The internal struggle each investor has to deal with involves the emotions attached with wins and losses.
Do you become overconfident will you have a couple of winners? Are you hesitant to pull the trigger after a loss? As you begin to see a trading setup, which voice is controlling the internal dialogue all traders have before entering a trade? Is it the pessimistic voice that never forgets your past losing trades.
Or is it the Optimist that thinks you should continue to throw real money at every impulse? To learn more about how to master the internal struggle each trader is confronted with on a daily basis, visit Emini Trading Coach for FREE Videos and blog posts on how to become a High Probability Trader.