How to Lose Money Day Trading Online

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By Deron Dohanich
User-Submitted Video

With the excitement of making a small fortune by day trading people lose site of the possibility of losing a fortune as well.

I don't wannabe a kill joy here, but losing your shirt or pants is a reality when it comes to day trading.

If you want to lose money trading online just follow the steps below.

Special note: If you reverse the logic then maybe you can make a few bucks.

Difficulty: Easy

Instructions

Things You'll Need:

Online brokerage account
Lack of trading knowledge
Lack of discipline
Money to burn

Step 1

Sign up with an online brokerage firm that charges high commissions on trades. Sock a lot of money into that account.
Step 2

Now go out and buy every ebook, online course, and any other day trading tool or application you can without doing any research on the product.
Step 3

Don't do your DD (Due Diligence - research) on any stocks or options. Just follow the hype and buy all you can.
Step 4

Now start trading your ass off until eventually you lose it!

Tips & Warnings

Ok, as I mentioned in the introduction the possibility of losing a fortune at day trading is real. There is money to be made and people are doing it, but to be successful you need to educate yourself on day trading.
With knowledge, discipline, practice, and a bit of luck perhaps an additional income is possible.