How do people fail at this?

pipeguy said:
For 5 years? When he expect to move to live account? I think he really got some mental issues at least skewed perception of trading risks. He should be then too aggressive or too conservative in trading when his account hit losses.
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Yea, 5 years. Its sad. A combination of things me thinks...
1) complacency in life. No urgency.
2) A bigger than little whiff of perfectionism/procrastination
3) looking for a/the grail
4) aversion to loss, even minimal.
5) Demo has no real-life consequences/affects good OR bad. Demo mode mentality is instilled/ingrained. The IDEA of flipping the switch, for a day or even for 1 trade and having a real-life outcome is actually painful. Pleasure is demo mode.
 
Beyond the price of a tennis ball and racket, on a public court, tennis cost you nothing.

A trading account with most brokers cost something whether or not a trade is ever put on. And correct me if I am wrong but aren't demos only allowed access up to a certain period of time before they would expect you to actually rack up some trade commissions for them.
 
SunTrader said:
Beyond the price of a tennis ball and racket, on a public court, tennis cost you nothing.

A trading account with most brokers cost something whether or not a trade is ever put on. And correct me if I am wrong but aren't demos only allowed access up to a certain period of time before they would expect you to actually rack up some trade commissions for them.
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OK, I also race sailboats. Never earned a dime, spend some serious dimes. Don't regret it for a moment, and although there are some crazy sailors I'm not sure it's fair to call it a mental illness. Way to nit pick the example and miss the forest for the trees though.
 
dealmaker said:
"The less you know about something, the more convinced you are about what you know."
- Charles Faulkner

"It's not what you don't know that gets you in trouble, it's what you know for certain that isn't
true."
- Mark Twain
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I quite agree, such a person can hardly be convinced otherwise about what he feels is true or right.
 
Sig said:
I've played tennis for 20 years without ever making a dime or expecting to. Does that mean I must have mental issues? After all, professionals make money at this so that must be the only reason to do it right?

Maybe the dude just enjoys it as a game, nothing says you have to play the trading game for money any more that the thousands of other games out there that don't require you play for money. I've heard that projection is a thing when it comes to mental illness though.
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This is true, you know i haven't really thought about it in this light. It could just be his passion and nothing more, whether he gains or loses it doesn't matter.
 
tiddlywinks said:
Yea, 5 years. Its sad. A combination of things me thinks...
1) complacency in life. No urgency.
2) A bigger than little whiff of perfectionism/procrastination
3) looking for a/the grail
4) aversion to loss, even minimal.
5) Demo has no real-life consequences/affects good OR bad. Demo mode mentality is instilled/ingrained. The IDEA of flipping the switch, for a day or even for 1 trade and having a real-life outcome is actually painful. Pleasure is demo mode.
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Well, at least he won't lose anything. The data on losers and winners show about 80% lose their money in 90 days. He will definitely will be on top of that 80% :D
 
Vuu said:
This is true, you know i haven't really thought about it in this light. It could just be his passion and nothing more, whether he gains or loses it doesn't matter.
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Honestly, we should just trade forex just because of passion only, else we will just be giving money away. Money we can invest somewhere else, for me you can mix passion with ambition in the market so that you can profit.
 
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