The Uncomfortable Truth: 90% of the traders lose.

Businessman said:
You need to be more specific like: I want 85% chance of making 2K (or 2%) in any month..

Although the risk is its a option selling system that makes money 85% of months but then blows up in the other 15%. Which is no good.

In other words we all want Jim Simons system that makes money 85%+ of months but does dont blow up. lol.
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Hello Businessman,

I will make $1 million per year trading.

Forget all this % percent stuff and Jim Simon crap.

Too much thinking.

The goal is to trade and be a millionaire within 1 to 3 years. Period.

No need for us to think about Jim Simon, he is already a Billionaire. He will not help me or you.

No point in trading if not trying to be rich , quick. Might as well quit.
 
maxinger said:
Most of us know about that.

BUT!!!!!

Many many investors said if you HODL,
if you hold on for many many years/decades,
you will be very very very rich.
Just look at Bitcoin.

oops! How about EVA, MRNA, grape...?
Farmers are destroying their grapevines because of over supply.
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In many many years, you will be too old to get it up my friend.
 
Aaryan Bhatia said:
90% of traders lose but do we know why?

The reason is purely lack of information on factors that have an impact on the trade and price movements. Price movements (in the currency pairs) are influenced by economic indicators, market sentiment, and geopolitical events.
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Don't mean to sound like a smartass, but some folks still go on to lose their shirts even if they know all about economic indicators, market sentiment, and geopolitical events.

I don't think they are the reasons why 90% of traders lose. The main reason they lose is because of their inflexibility. They get tied up to their bias, their position, their greed, their fear. They are usually arrogant as f*ck in thinking that there's nothing to learn from history. Instead, they believe they're entitled to write their own damn history.
 
90% of traders lose, or...
90% of traders lose 90% of their money within 90 days

Seems oversimplified and makes for a great sales pitch or catchphrase.

But I wonder if this statistic is old, like from the 70s or 80s. Because nowadays the retail crowd has a lot more resources, training, platforms, and education to work with. There are lots of groups out there, Discord, Telegram, social media, live trading rooms, Youtube videos, lots of free resources, some paid resources, subscription services, etc that all play a role in helping people learn the business. We didn't have much of that decades ago. So I really don't think that 90% of traders are losing. I think they are lasting a lot longer and some are even making it. I think retail might be doing better than people think.
 
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