Do ES daytraders fail because they use 2 point stops?

F

failed_trad3r

I watched a video which said becuase most daytrader in ES use 2 point stops, around 90%. Also 90+% of daytraders fail. Can this be no coincidence? This would mean not trading with a 2 point stop, or not trading with a stop will mean you will make money?
 
2 pt stop is massive for some people.

a couple ticks is enough for me. But there are numerous ways to trade profitably so whatever floats your boat.
 
Having a "large" stop-loss which is never changed irregradless of the particular trade time frame or market volatility probably helps fail to those who are destined to.
 
Quote from failed_trad3r:

I watched a video which said becuase most daytrader in ES use 2 point stops, around 90%. Also 90+% of daytraders fail. Can this be no coincidence? This would mean not trading with a 2 point stop, or not trading with a stop will mean you will make money?
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No, a daytrader fails because he or she allows the 2 point stop to grow into a 20 point stop.
 
Quote from schizo:

No, a daytrader fails because he or she allows the 2 point stop to grow into a 20 point stop.
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That's the wisest comment in this thread so far!
 
A 2 point stop on every trade with the same size on each trade will lead to failure. Randomness guarantees it. Traders fail to recognize that the market is more random than not and one of the most important tools to battle randomness is position sizing.
 
Quote from the1:

A 2 point stop on every trade with the same size on each trade will lead to failure. Randomness guarantees it. Traders fail to recognize that the market is more random than not and one of the most important tools to battle randomness is position sizing.
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My point exactly
 
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