90% failing rate , its true ?
- Thread starter Ahmed Solaiman
- Start date
This was based on an interview with the CEO of FXCM in the US years ago.
Stocks go up most of the time.
How many traders put in at least an hour of studying price action or fundamental research per week? How many of them who do stud do not stick to theses of gurus but serious guys/ressources. How many of the retailers do even know about risk management? I mean I have seen so many traders become profotable once they pinch their ass and start serious learning, I attest failed traders poor laziness
No, stock indices go up all the time. Individual stocks can be a crap shoot.
You aren't trading the correct ones. The ones being pumped everyday. But yes. You are correct about that as well.
It was never 90%. The failure rate was and remains much, much higher.
the biggest problem is the losers but the distribution of winners.
everyone thinks the winners all make an enormous amount of money! it an all new subset of data for the winners and there are fat tails involved but the distribution is there so people who make 5k extra a year are still winners and if they made 1 trade and held all year say bought 1 micro es contracts and rolled it even then they are considered a winner. how is the data manipulated of course is the question and how dirty is the data to begin with but know that even in the winners circle there is a distribution of big winners and small winners and a few just a few enormous winners
everyone thinks the winners all make an enormous amount of money! it an all new subset of data for the winners and there are fat tails involved but the distribution is there so people who make 5k extra a year are still winners and if they made 1 trade and held all year say bought 1 micro es contracts and rolled it even then they are considered a winner. how is the data manipulated of course is the question and how dirty is the data to begin with but know that even in the winners circle there is a distribution of big winners and small winners and a few just a few enormous winners
after COVID 19 situation , i think failure rate increases very rapidly , because so many general people join into this market place and they start trading as usual with no learning or analysis.