Why do traders fail?

Even more important: if one caps profits during good days, there may be not enough profits to cover losses and it turns profitable methodology into a losing one!

 

Interesting.

The lower the amount : the easier it is to reach during one day trading session,
BUT the less motivating it is to do what it takes.

The higher the amount : the less easy it looks, BUT the more motivating it looks.

 

I wonder if the failure comes from not knowing when to stop for the day.

 

Ironically, the $ amount is of secondary importance. Knowing how to extract X ticks is the key. $ amount is achieved by simply scaling up in size while doing exactly the same.

 

You're starting from exactly the wrong position. If you're not "getting out of bed" because you enjoy trading and because you enjoy the challenge of trading well, you should put your wallet back in your pocket and find something that you do enjoy. Trading for the money is stupid.

 

scaling in size or adding number of instruments?

 

If you enjoy actually scoring in $ terms?

 

Yep. Or that. Or both.

 

actually from which target would you say you need to scale up ?
would you say the target is easy to reach?
Obviously the target that made you say say would be worth the effort.
0.1 ? 1? 10? 100? 1k? 10k? 100k? 1m? 10m? 100m?

 

Then you'll fail.