I also think one of the major culprits of trading failure is trading too large. People get drawn into trading by the promises of making 3% to 5% to 10% per month--all promises that are far too unrealistic.
People go large because they have no other choice. They have not been tricked into it.
The reason hedge funds can succeed making the same bets as the retail is because all they have to do to make a living is making a couple of % a year. For the vast majority in retail, they could not make a living if they get 1000%.
Um, I make about 10-20% of my capital monthly.
Then why are you not as rich as warren buffet ?
cant scale up, capacity constrained.
ES doesnt love me.
im not poor, still have the day job. my trading is bottom feeding, but making good money, about 60 percent of my income so far this month.Well, that explains it then. If you are going to be poor forever, perhaps try doing something else for better return on effort.
But I find this capacity constraint strange. Call out your trade next time. I will put some money on it and see if there is any constrain at my bucketshop.
i trade rather exotic stuff, you prolly dont trade. and especially never forex. retail will get killed there.Well, that explains it then. If you are going to be poor forever, perhaps try doing something else for better return on effort.
But I find this capacity constraint strange. Call out your trade next time. I will put some money on it and see if there is any constraint at my bucketshop.
i trade rather exotic stuff, you prolly dont trade. and especially never forex. retail will get killed there.
well, according to my ga and svm data mining on an intraday time frame, major forex pairs
are an extremely efficient market on short time frames, as in theres almost zero exploitable price to price relationship compared to other instruments.
as in you prolly gotta play the news then be a technician on forex intraday.