Navigating the Common Challenges: Understanding Profit Killers in Trading and Business

Another similarity that trading has with other businesses. And this is really important here. If you look in any book in general business, you'll see a statistic there, and that's that 90% of all new businesses will fail within the first two to five years. That's been around truth for a very long time. Oh, well, that sounds a lot like the old statistic. That's been around for a very long time. 90% of all new traders will fail in the first very short period, six months to a couple of years. Why do you suppose that is? Well, there are seven common profit killers that you'll find are common between the two. Let's take a look at some of these common profit killers, things that kill businesses and kill trading businesses. Well, frequent changes in direction.