95% are losers

[Lightweight]

Oldtime = financial Shel Silverstein.

 

[TILT2]

Quote from Ripley:

99% are losers. As in anything in life that is worthwhile to pursue.

I can further break it down by time and magnitude of the losing, but that would be too complicated for this elementary thread.

Then why is anything worthwhile being pursuing? Since everyone knows that only 1% won't fail.

 

[Zr1Trader]

Why did I even wake up this morning? There is a 100% chance I'll die at some point anyway.

It's for the experience.


Some people keep trading even through losses .

It's for the experience.

 

[kut2k2]

Quote from dbphoenix:

Quote from TILT2:

If what you said is true, why people start trading in the very beginning?

1. Because they think it looks easy.

2. Because they think they're smarter than they are.

3. Because, when they begin to lose, they begin to lie to themselves.

+10

Best post of the thread.

Not thinking of just trading but all of human activity, I am constantly amazed at how many dumbasses think they're smart. It's incredible.

"A man's gotta know his limitations." -- Dirty Harry

 

[TILT2]

Quote from Zr1Trader:

Why did I even wake up this morning? There is a 100% chance I'll die at some point anyway.

It's for the experience.


Some people keep trading even through losses .

It's for the experience.

If experience means losing money, then why they keep doing it? You could spend 10 bucks or 100 bucks to experience the "failure" and spend the rest of the money somewhere else rather than on the market. Even a cup of coke or an icecream is better than losing money in the market, isn't it?

 

[oldtime]

Quote from TILT2:

If experience means losing money, then why they keep doing it? You could spend 10 bucks or 100 bucks to experience the "failure" and spend the rest of the money somewhere else rather than on the market. Even a cup of coke or an icecream is better than losing money in the market, isn't it?

no, losing money in the market is better than losing it to a woman

 

[oldtime]

Quote from oldtime:

no, losing money in the market is better than losing it to a woman

and that is actually how I made all my money. She was going to get 50% of my tradung account that I had so meticuously managed according to all good and sound risk.

so I just put it all 100% long on ES

what difference was it going to make? I was going to lose half of it anyway

 

[galvinlee888]

Quote from TILT2:

If experience means losing money, then why they keep doing it? You could spend 10 bucks or 100 bucks to experience the "failure" and spend the rest of the money somewhere else rather than on the market. Even a cup of coke or an icecream is better than losing money in the market, isn't it?

Wrong answer ! You learn after you loss in market if you are smart, you also help keep our traders rich (zero sum game, brother) such as pay for my porsche and 6 bedrooms house.

Ice cream ? you wash it away in toilet eventually.

 

[QuantWizard]

Quote from galvinlee888:

Wrong answer ! You learn after you loss in market if you are smart, you also help keep our traders rich (zero sum game, brother) such as pay for my porsche and 6 bedrooms house.

Ice cream ? you wash it away in toilet eventually.

Stocks are not zero-sum game...

 

[TILT2]

Quote from galvinlee888:

Wrong answer ! You learn after you loss in market if you are smart, you also help keep our traders rich (zero sum game, brother) such as pay for my porsche and 6 bedrooms house.

Ice cream ? you wash it away in toilet eventually.

why would i make other traders rich£¿ if i lose money in the market£¬i would rather spend the money somewhereelse£¬ like buying a big house instead ofgiving somebody through the market. that's common sense.