Lifetime Losing Trader
- Thread starter flipside21
- Start date
he is not a trader, he is a gambler. U should change your title to:
Lifetime losing gambler [/QUOTE]
Exactly, great point.
I can't say I've taken a survey on this, but I'd venture to say most losing traders are missing the same two things... a risk management strategy as part of their plan, and control of their emotions. If your chances of winning are less than 50%, and if you can't bring yourself to pull out of the market and re-evaluate the strategy after losing for a time, it's a sign of gambling.
Lifetime losing gambler [/QUOTE]
Exactly, great point.
I can't say I've taken a survey on this, but I'd venture to say most losing traders are missing the same two things... a risk management strategy as part of their plan, and control of their emotions. If your chances of winning are less than 50%, and if you can't bring yourself to pull out of the market and re-evaluate the strategy after losing for a time, it's a sign of gambling.
I fail to understand the purpose of this post. I play basketball with an amauter team against a college team every other weekend. We always lose. But that is recreational activity. If someone is a recreational trader and not a pro, the longer term return will be zero or less. Becoming a profitable trader requires amongst other things learning a few secrets, at least two I think. The type of secrets never discussed around. For example try to learn to cut diamonds without knowing the secrets. if you ever succeed it would cost you a fortune to learn how to do it right. Some things are like that. Especially when money is involved.