The fact that over 95% people failed trading doesn't bother me at all

T

traderzhangSan

50% of the wanna be "traders" don't know how to calculate volatility and simple probability.

The 50% who do know, 50% of them either don't have any risk management or have any discipline, 30% of them are not emotionally stable.

so if you don't have such problem, that puts you in the top of 10%.

so your chance of making it is not really 5%, but 50%.

all you have to do it to develop some edge and practice it.
 
I'm sorry, but such a logic does not apply in the market.

Only logic you should be mindful of is that the market can remain insanely irrational until you find yourself in the poorhouse.
 
Quote from traderzhangSan:

The fact that over 95% people failed trading desn't bother me at all
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It should, chief, because the actual number at ET is 100% - includes thee and me.
 
Quote from traderzhangSan:

50% of the wanna be "traders" don't know how to calculate volatility and simple probability.

The 50% who do know, 50% of them either don't have any risk management or have any discipline, 30% of them are not emotionally stable.

so if you don't have such problem, that puts you in the top of 10%.

so your chance of making it is not really 5%, but 50%.

all you have to do it to develop some edge and practice it.
More...

All sounds good on paper until you attempt to trade it with real money there, bud.
 
Quote from traderzhangSan:



all you have to do it to develop some edge and practice it.
More...

lol, if only it was that easy.

trading is still very difficult even if you have it all worked out. there is still a high degree of randomness that can over ride your edge for months on end.

trading is also emotional negative sum. will suck you emotionally even if you have an edge. no one enjoys getting their heads kicked in for months on end and even when your system is working the wins wont emotionally make up for the losses.
 
Quote from traderzhangSan:

50% of the wanna be "traders" don't know how to calculate volatility and simple probability.

The 50% who do know, 50% of them either don't have any risk management or have any discipline, 30% of them are not emotionally stable.

so if you don't have such problem, that puts you in the top of 10%.

so your chance of making it is not really 5%, but 50%.

all you have to do it to develop some edge and practice it.
More...

This likely applies to you:
http://en.wikipedia.org/wiki/Illusory_superiority

Now go look up Dunning-Kruger effect.
 
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