Huge majority of you here are losers? Agree?

[cmb]

Quote from R. Raskolnikov:

I'm not surprised, although there are many ways to reach the same place (more or less), I'd expect a few of us to travel down a fairly similar path

Yes, looking fwd to 2014. The year I go fully automated! :eek:

now thats an accomplishment! lol sitting by the pool with a drink watching it do the work

 

[drownpruf]

Quote from tangentShot:

The key is that most people here that replied are wriggling around, bragging.

Then they'll pretend that the know something from wikipedia.

What's the quality of the discussion here?

You've already admitted failure. Do you have another point? That you're in good company? You're not going to make it as a trader. Maybe you've got a shot at shooting guard for the Jazz?

 

[tangentShot]

You remind me of worms wriggling.

The trolls in this site are worst than the comment section on youtube.

Amazing.

Quote from cmb:

my trend just ended while i was typing the last post! guess im done for the day, have fun here buddy

 

[dbphoenix]

Quote from cmb:

so we have already agreed that the people here on ET are mostly profitable, or else they would not be posting here.

You're kidding, right?

 

[tangentShot]

If it is true that more than 90% of traders are net losers, than it could imply that the majority who replied but didn't admit their loses in this thread fills that 90%.

Math is beautiful.

Quote from drownpruf:

You've already admitted failure. Do you have another point? That you're in good company? You're not going to make it as a trader. Maybe you've got a shot at shooting guard for the Jazz?

 

[R. Raskolnikov]

Not really sure what your goal is here....to help fix your trading or to justify your losses by trying to paint an impression that successful trading isn't really possible.

Quote from tangentShot:

If it is true that more than 90% of traders are net losers, than it could imply that the majority who replied but didn't admit their loses in this thread fills that 90%.

Math is beautiful.

 

[tangentShot]

Goal is simple, read previous post. This's a social experiment

Quote from R. Raskolnikov:

Not really sure what your goal is here....to help fix your trading or to justify your losses by trying to paint an impression that successful trading isn't really possible.

 

[R. Raskolnikov]

Perhaps your time could be better spent studying past price data and identifying correlations in price behavior instead? (That's a hint)

Quote from tangentShot:

Goal is simple, read previous post. This's a social experiment

 

[cmb]

Quote from dbphoenix:

You're kidding, right?

I think it was 10 pages back that he was trying to tell everyone here that were are losing traders here. I told him that there would be more profitable traders posting here since the ones who have blown out their accounts already would not post.

 

[xelite777]

Quote from ronblack:

Because he wants you to understand that losers speak about losers and winners speak about winners. It's simple.

Even if you are trading randomly in the markets you have high probability to profit. The reason so many fail is because they trade worse than random , they choose difficult timeframes, the wrong markets and they are undercapitalized for what they do. The statistics in this blog say an interesting story: 95% of random long trades in SPY this year initiated after tossing a coin have made a net profit with $0.01 commission per share included. Over 40% of long/short positions made a profit. Trading, when done right, is very profitable, unless you trade worse than random.

Most traders lose in the long run not because "they trade worse than random" like you said, but because trading in itself is a game with a negative mathematical expectancy to begin with.

Try this: make 1000 random trades in the Forex market, let's say the EUR/USD with a 3 pip spread. To make things easier let's also say that your stop is equal to your target.

After 1000 random trades, you will notice that your average winning rate is 50% and that your total loss is 3000 pips ($30.000). That 30 grand is in the pocket of your Forex broker.