Huge majority of you here are losers? Agree?

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. :)
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Now we know why you've failed. We can close this moronic thread.
 
Quote from cmb:

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.
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That's an assumption on your part, one which is unsubstantiated. Be that as it may, one need not "blow out" his account in order to be a failing trader. If that were true, one could not continue to be a failing trader for as many years as so many do.

Remember also that many failing traders won't or can't admit to themselves that they are failing traders.
 
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. :)
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+1
 
Quote from xelite777:

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.
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+1
 
Quote from RedTankEra:

I agree that the vast majority of posters in ET are net losers, which is fine, it is the norm, the problem lies in these losers giving opinions as if they were consistently profitable traders.

On top of that losing makes traders bitter, which adds to attacks, negative moods and overall bad attitude.
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+1
 
The OP is obviously a troll or has some other agenda. He signed up two days ago and already has 80 posts. A normal person who fit his self described background (4 years of failed trading), would most likely lurk for awhile and try to soak in some knowledge in an attempt to figure out why his method was failing.
 
Quote from tangentShot:
For 4 painful years, I've tried almost everything. They didn't seem to work for me. I have no idea why.
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Everyone is built differently. One reason may be that you don't have the personality for trading.
When we feel stressed, there's a primal part of our brains hardwired for emotional decision-making called the Amygdala.
It can override any rational thinking, especially when it comes down to making quick decisions, such as in trading.
 
Most people pose the question this way: Are you consistently profitable? I am profitable, but not consistently. However, I don't need to make money every month. I just need to make money overall, and save some of it during the up months for use during the down months. Simple budgeting.

You need a plan you believe in. If you don't believe in it, you won't follow it. As Faith says, backtesting is what we do because there are really no alternatives. Backtest it till you believe in it. If you cannot believe in it, you must find a different method, and backtest that one. Once you have a method, you must trade at a level you can sustain through thick and thin. If you have a losing day, week, month, or whatever the time period of interest is, you must be able to go back and apply the same method again, using the same percentage of your account. If you are psychologically unable to do that, you are either trading too large a proportion of your account or you do not believe in your method.
 
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