majority traders really lose money??

Allen3 · Feb 27, 2008

Quote from Stealth Trader:

That should be a standing reading requirement for all who wish to learn trading the markets in a successful manner. It's sad how few will actually see the value of the wisdom embedded within the message given. Best post ever indeed. Thanks for sharing.

st

good post.

JaiSreeram · Mar 15, 2008

Quote from traderich:

The post from Soveras Khan is great. All I can say is WOW. Absolutely amazing how true it is.

Anyone who is on ET struggling to succeed should cut and paste his post and read it, over and over again. At first it won't make any sense to you, but once you are there you will know what he is talking about. He is literally letting the genie out of the bottle for you.peace.

Pray who is "Soveras Khan", I have searched all over, could not find it. Please put it here for our benefit. Thanks!

stock_trad3r · Mar 16, 2008

Making money is easy if you can sell your stocks at a higher price than you paid for them.

Champion · Mar 16, 2008

I believe at becoming an expert at one stock or market and its behavior and then putting all your skills and energy to work in a concen(traded) manner. Get good at that market ...

This is something obvious which I repeatedly recommend. Become expert in one market (typically index futures eg YM or ES). It appears that noobs and wannabes, no matter if humble, tend to do different things, other than just a sole one instrument focus - on their way, sooner or later, to sliding down the drain.

Hook N. Sinker · Mar 16, 2008

Quote from stock_trad3r:

Making money is easy if you can sell your stocks at a higher price than you paid for them.

Hey you're back! I enjoy reading your posts.

Hook N. Sinker · Mar 16, 2008

Quote from ttowntrader:

I often hear that much more traders lose money than make money?

Making and losing money are personal judgments. For example, suppose my account shows a 5 % loss for the month, a 10 % loss for the year, and a 20 % gain for the past two years. Am I profitable?

SuperCruz · Apr 1, 2008

Please have a look at Gyles post as below, it looks interesting: http://www.elitetrader.com/vb/showthread.php?s=&postid=1859781#post1859781

JaiSreeram · Apr 12, 2008

Quote from Hook N. Sinker:

Making and losing money are personal judgments. For example, suppose my account shows a 5 % loss for the month, a 10 % loss for the year, and a 20 % gain for the past two years. Am I profitable?

Please clarify and explain.

trackstar · Apr 12, 2008

Quote from Hook N. Sinker:

Making and losing money are personal judgments. For example, suppose my account shows a 5 % loss for the month, a 10 % loss for the year, and a 20 % gain for the past two years. Am I profitable?

Thats almost me! Except not a loss this year.

patoo · Apr 12, 2008

Volente's quote from this guy....

From Successful Anonymous Trader:
I threw out 99% of all the crap I learned about oscillators, divergences, Elliott Wave, cycles, timing, seasonals, Gann, pitchforks, volume, Fractals, RSI, stochastics, overbought/oversold ....... back to the basics.

From personal experience, until you do what anonymous did, trading will always be hit and mostly miss regardless of time frame.