I wanted to thank you all for your support on my last post. It's good to know that I am surrounded by some very intelligent people. However, reading responses to some other newbie posts is somewhat discouraging. There is an overwhelming tone of negativity on day trading in general for someone wanting to become a day trader. So I wanted to pose this question to you all: Why do most new day traders fail? I have heard on this site that up to 95% fail and lose all their money. Is it just in your blood to be successful at this? Are people not using stops effectively? Is it because people are not sticking to their strategies? For some people on here that have psoted their sob stories (NY HOOD), it is obvious why they failed. I appreciate all of your feedback on this. As mentioned in another post, I have about a year and a half before I start day trading and will have at least $60k to start with. So I am trying to be proactive to prepare myself. Thanks!