Day trading is like every profession in the world: it is characterized by triumphs and trials, highs and lows, and a roller-coaster of emotions depending on different factors, including the performance of your trades; however, this truth is scarcely preached. Many people only see day trading as a quick path to fortune; they forget or sometimes ignore the fact that day trading can also be a quick path to penury because day trading fortunes can be lost as quickly as they are made. To mitigate life-wrecking losses, traders must have the right trading strategy and robust fiscal backup, but, more importantly, the right psychology. Success on the trading floor goes beyond understanding candle stick patterns and proper trade timing. The value of the mindset in the business of trading cannot be overemphasized.