not all traders lose but a big reason why most do is because of this: what the market just did.it was down 15 points and spiked 200 points to the up. amateurs panic buy at the highs and watch there money go red quickly because they start buying indiscriminately with no regard for technical set ups. good traders bought earlier at specific points/levels and can care less about all the hype in the markets right now because of all the green. suckers buy at the highs and get killed. i do not like seeing it happen but i see it happen everyday,especially when the futures are up big in the morning and they panic buy at the open.