"95% of traders fail within the first 6 months"

think the stats are the same for those entering the realestate business and
probably life insurance, mutual funds, financial advisors, firemen, police etc
it's the nature of the human condition that most DKWTFTD
 
"Paranoia strikes deep, into your life it will creep."

Why dontcha channel some of that useless energy into getting rich. If all else fail, you can brag that you died trying.

Seriously, 6-month time frame is a nonsense. The window of opportunity for you to blow up is limitless. For those who have been on a losing streak for months would tell ya that you can technically blow up ANY TIME, not just within 6 months.
 
Look at the create dates of most of the posters on this forum. Of those still active, probably 95 % of them are SINCE the Credit debacle of over a year ago. Most others got wiped (or quit) during this tumultuous period.
 
And this is why just as much money can be made if you mentor. The small 5% that can trade, are sought out by the 95% who cant. But more often than not, you see the 10% who failed, attempting to teach the other 85% who don't know any better.
 
Quote from konviction:

And this is why just as much money can be made if you mentor. The small 5% that can trade, are sought out by the 95% who cant. But more often than not, you see the 10% who failed, attempting to teach the other 85% who don't know any better.
More...
And out of those 85% who don't know any better, 20% of them will look join ET to ask questions. LOL

jk
 
One's biggest fear in life shouldn't be failure, it should be never having tried (insert goal here) at all. 90% of anything in life will fail (small businesses in general), but this shouldn't mean that we should punch the clock like sheep for 40+ years. (Ironically, I have a full time job :p)
 
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