      Regardless of the amount of diligent research a Day Trader does, if heor she is not psychologically capable of making decisions based onprobabilities and facts, he or she is destined to fail. In DayTrading,timing is everything. If you cannot time a trade correctly, you will losemoney (or not make as much as you could have). If you place trades for anyother reason than rational, carefully weighted and considered reasons, thenyou have crossed the line from disciplined businessman or woman clearlyinto the realm of the gambler (or the not-so-smart trader).