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Study Guide for New Trading for living by Dr. Alexander Elder. Why do most traders lose and wash out of the markets? Emotional and mindless... thumbnail 1 summary4:17:00 PM Study Guide for New Trading for living by Dr. Alexander Elder. Why do most traders lose and wash out of the markets? Emotional and mindless trading are big reasons, but there is another.  Markets are actually set up so that most traders must lose money. The trading industry slowly kills traders with commissions and slippage. Download Study Guide for New Trading for living by Dr. Alexander Elder, click HERE. Study Guide for New Trading for living