My guess as to why traders fail

[failed_trad3r]

Quote from duhmentor:

I’ll argue this point.

I’d say the plan has 90% importance and I’m willing to bet that very few failed traders had any kind of a plan.

I’d challenge any failed trader who had a plan and followed it to put it on the forum. It didn’t work so you don’t have to worry about anyone stealing it.

Let's see your plan failed_trad3r

capital is way more importart. if you have capital you dont even need a plan. you can put on bank and earn interest. buy high yields and earn dividends. capital is number one. trading plan is second.

 

[duhmentor]

Quote from failed_trad3r:

capital is way more importart. if you have capital you dont even need a plan. you can put on bank and earn interest. buy high yields and earn dividends. capital is number one. trading plan is second.

That almost sounds like a plan.

 

[failed_trad3r]

Quote from duhmentor:

That almost sounds like a plan.

its a investment plan, not trading plan

 

[duhmentor]

Quote from failed_trad3r:

its a investment plan, not trading plan

Theres not much difference between the two, just a bit more detail.

 

[jalee25]

Quote from failed_trad3r:

capital is way more importart. if you have capital you dont even need a plan. you can put on bank and earn interest. buy high yields and earn dividends. capital is number one. trading plan is second.

Good luck on your .5% a year on interest to maybe a whopping best return of 2%... failed_trader. Some people are not happy sitting on their butts with that kind of return.... maybe you are. Hey, there's a saying that goes... no risk, no reward.

Have a good day.

 

[slapshot]

Quote from BartS:

[B
Days I am 100% focused I make money 90% of the time.
Days I try to be cute I take flats or lose.

[/B]

+ 1 million

 

[Lojanica]

Metallica--"Nothing Else Matters"

They're not listening while they trade.....

 

[trickshot]

Same old reasons - no edge and undercapitalized.

 

[neutrino]

Whether or not there is a dependency in price is irrelevant. What is important is that you have perfect competition looking for patterns - only you have same tools, same access and execution, same commissions - no edge. Your only advantage can be a superior nervous system, but you have to be really far right on the distribution curve Luck helps too - like a 5 year bull market

Quote from yepso:

Not true buddy, there is an amount of dependency in price. Market structure delves into statistics, probability distribution, and the various models. You might want to gather new info and re-think your stance on the out-dated efficient-market hypothesis.

Efficient markets would mean there's no dependency from trade to trade, but as traders we know that's not true. How about unpredictable, as traders maybe a pecentage of us can agree on this that from trade to trade price is unpredictable. But unpredictable doesn't equal random. Random has qualities of dependency and it's these qualities that enable traders to assess risk and establish positions based on our perception of probability distribution.

Basically do we believe there's dependency in the market and will dependency continue. In this environment we can trade in the direction of the bias as long as the dependency continues, perhaps all day. Regardless of pattern.

 

[duhmentor]

Quote from sprinter:

moronic

Who are these people with the perception all one way?

Sounds like you read too many trading books

Yes I read a lot of trading books. After all I’m a self-taught trader. You have to start somewhere. I haven’t read the one you recommended but I’ll put it on my list.

Who do I think the people with perception all one way are? They would be what is referred to as “Dumb Money “ or “Weak Hands”. It’s the people I sell to when the market goes up and buy from when the market drops.

Of course I’m wrong a lot so I could be wrong on this too. If I am it won’t cost me a lot.