Huge majority of you here are losers? Agree?

Quote from Rorschach_test:

Huge majority have lost in indicators,signals,alerts...blah....
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Again, no.

An indicator cannot make you lose.

A signal cannot make you lose.

An alert cannot make you lose.

Traders lose because they play a "rigged" game where the house (here the broker) always wins in the long run, like in a casino.

The only way to win in the long run is to beat the spread and/or commissions, period.

Of course brokers will tell that traders lose because they have no discipline...they are under-capitalized...they cut their winnings short....bla bla bla bla....

THIS IS TOTAL BULLSHIT!!!
 
Quote from dbphoenix:

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.
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true, it was definitely an assumption. I was using perhaps a small percentage of people here who I follow and know their stuff to take the other side of his argument ;)

aren't you on vacation? you should'nt be here on this thread man!
 
I'm sure I will still sit at my computer watching the whole day, not taking advantage of what automation offers :D

Quote from cmb:

now thats an accomplishment! lol sitting by the pool with a drink watching it do the work :p
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1 - Keep your commish minimal. That means 2 things: not only finding a low cost platform, but also finding a low cost system.
2 - A low cost system will, almost by definition, be one that allows you to relax, because it protects you from overtrading.
3 - A relaxed trader makes money. A nervous trader loses.

Rule 3 is just a variation on Billie Holiday: them that haz, gits. Simple, actually.

2 can be anything: a low frequency system, an automated system that overall (including commish) wins, a manual system cuz you can't be bothered automating it or it can't be anyway, whatevs. The point is to get to 3, by whatever means necessary.
 
Yes, of course the majority are losers. Hardly anyone makes it at this game in the long run.
Anyone can claim to be a profitable trader online.
You need evidence.
Look for realtime calls and trading statements that stand up to the scrutiny of technology.
There's a few consistently profitable traders here;
Sellindexvol and Lescor.
Probably using concepts that none of us are even aware of.
What's the point of this thread?...
 
Quote from pinkman:

Anyone can claim to be a profitable trader online.
You need evidence.
Look for realtime calls and trading statements that stand up to the scrutiny of technology.
More...

And doing so is one of the primary reasons why so many fail.
 
I stick to SPY ETF for trading. and I use options for hedging.

I do quite well actually.

I do not day trade but I might have an active trading day depending on the circumstances. Typically I do not actively trade on a day to day basis but I do risk management and modeling on a day to day basis, (Stress testing, etc..)


The majority of my time is spent planning the next trade and managing/monitoring the positions.
 
This thread is only about 2 days old & we have overwhelming response. Some are outright insulting which is fine because it simply indicates how these responders were brought up by their mothers or they were simply uneducated.

The purpose of this thread is to use responses here as input for a social experiment.

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%.

Studies results:
>90% net losers.
<10% net winners.

Thread responses:
<10% admitted to having a net lost.
>90% claim to be winners.

Math is beautiful. Thank you all for responding. :)

Quote from pinkman:

Yes, of course the majority are losers. Hardly anyone makes it at this game in the long run.
Anyone can claim to be a profitable trader online.
You need evidence.
Look for realtime calls and trading statements that stand up to the scrutiny of technology.
There's a few consistently profitable traders here;
Sellindexvol and Lescor.
Probably using concepts that none of us are even aware of.
What's the point of this thread?...
More...
 
Quote from tangentShot:

This thread is only about 2 days old & we have overwhelming response. Some are outright insulting which is fine because it simply indicates how these responders were brought up by their mothers or they were simply uneducated.

The purpose of this thread is to use responses here as input for a social experiment.

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%.

Studies results:
>90% net losers.
<10% net winners.

Thread responses:
<10% admitted to having a net lost.
>90% claim to be winners.

Math is beautiful. Thank you all for responding. :)
More...

A fool thinks himself to be wise ...
 
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