The 98% Who Fail

[SnakeEYE]

Quote from SnakeEYE:

Bone,i didn`t compare futures with equities either I was saying about "futures bot trading".Let`s look at the 6E for e.g.,bots are willing to give away,during the "normal" off hours flow, approx.3-4 points net.I do it, no problem - a penny make a pound,you know this.8 to 10 points - rarely,but still exists if you are able to spot bot`s acceleration coordinates,they like to do this,occasionally.It`s like bot vs bot,sometimes i feel like a bot myself. It`s all so funny,sometimes..

Like i said, i do not know anything about futures spread trading,but i do agree that,if a well-designed futs spread trading strategy has modest max drawdowns,definitely worth the efforts.

p.s. if you are able to catch early what bots offer,and willing to give away-less mistakes you are making,and don`t bother spending all day long by your desk.:eek:

 

[bone]

Quote from shortie:

How many other clients would you like to embarrass you ?

The list is long.

 

[deThommo]

A fool and his/her money are lucky enough to get together in the first place

 

[shortie]

Quote from bone:

Quote from shortie:

How many other clients would you like to embarrass you ?

The list is long.

bone, you sound defensive.
what exactly did i say to startle you like that?

 

[ProfLogic]

What is the purpose of constantly concentrating on those who fail?

Why not focus on the 2 to 5% that succeed and figure out why they succeed?

It is a defeatist attitude to be negative all of the time. Some on this board live there life in that house and it isn't healthy.

 

[a94buff]

Quote from ProfLogic:

What is the purpose of constantly concentrating on those who fail?

Why not focus on the 2 to 5% that succeed and figure out why they succeed?

It is a defeatist attitude to be negative all of the time. Some on this board live there life in that house and it isn't healthy.

I couldn't agree more.

 

[Swan Noir]

Wish I had said that!

Quote from ProfLogic:

What is the purpose of constantly concentrating on those who fail?

Why not focus on the 2 to 5% that succeed and figure out why they succeed?

It is a defeatist attitude to be negative all of the time. Some on this board live there life in that house and it isn't healthy.

 

[Cheese]

Threads on failure and the failure rate are very popular at ET and they recur and recur and recur. And they will go on recurring.

The reason for these 'failure' threads is that ET is about progress. So where and why are we failing is a matter of prime importance. It relates to every amateur wanting success. And it speaks to honesty and frankness and what is happening to them.

Contrary to prior comment, threads on success, if they do occur, mostly get started by breast-beaters whose claims of being right are suspect and unproven if not also either shallow or ridiculous.

This thread contains contributions of positive advice and observation, if often predictable. All the things we do that are foolish, mistaken, inadequate or plain naive are our footprints as each time we pick ourselves up and start moving again towards our goal of success.

Posers and pretenders aside, we all tread the path of discovery and improvement.

 

[bone]

Quote from ProfLogic:

What is the purpose of constantly concentrating on those who fail?

If you want to scratch off that scab, use your ET search functionality for the member 'emg'. Look at his posts. Suppress your gag reflex.

The mantra and littany that nearly all traders fail is constantly being perpetuated by one or two members who are starting threads on the topic or posting the same tired refrain whenever and wherever they find a remotely feasible opportunity.

From what I can divine, the only credible way to trade is to construct fundamental models for grain spreads, and all others are going to fail. They just do !

 

[ProfLogic]

Quote from bone:

If you want to scratch off that scab, use your ET search functionality for the member 'emg'. Look at his posts. Suppress your gag reflex.

The mantra and littany that nearly all traders fail is constantly being perpetuated by one or two members who are starting threads on the topic or posting the same tired refrain whenever and wherever they find a remotely feasible opportunity.

From what I can divine, the only credible way to trade is to construct fundamental models for grain spreads, and all others are going to fail. They just do !

Agreed!