Five Fatal Flaws of Trading

June 25, 2009

By Jeffrey Kennedy

Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even
turn a profit – and more importantly, do it consistently. How do they do that?

That’s an age-old question. While there is no magic formula, one of Elliott Wave International’s senior instructors Jeffrey
Kennedy has identified five fundamental flaws that, in his opinion, stop most traders from being consistently successful.
We don’t claim to have found The Holy Grail of trading here, but sometimes a single idea can change a person’s life. Maybe
you’ll find one in Jeffrey’s take on trading? We sincerely hope so.

The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. For a limited time, Elliott
Wave International is offering Jeffrey Kennedy’s report, How
to Use Bar Patterns to Spot Trade Setups, free. Read the rest of this entry »

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