You are REALLY asking the wrong questions, but that is what retail generally does as they see trading in different light and research of methods and where they spend the least amount of their time. There is no question that those who trade professionally on different level than retail, not cause of degrees, ability to program or host of others at same firm or their own company, but they seek much different conclusions, and that is why so much won't make it in trading. At some point when you want to achieve, you have to throw away what the dreamers seek and get down to business. When I first started, I asked all the wrong questions as well and why it took me so many wasted years.
Conclusions that one should seek and where most of their time should be is what do professionals and or large traders lose? This about it, if you spent all your waking moments on how not to lose at the game, would you get better? long term commodities I am the very worst at winning percentages, some years at 5%, so many would contend I am losing 95% of my trades, but my losing is much much smaller than that, and my R:R is 22:1 on total completion of very long term commodities, some I rollover for up to seven years-you learn options in mean time.
Last time I saw stats 96% lose, 3.8 to 0.3% are breakeven to half million and 0.2% half million up for day/scalper traders, and those in the 3.5 to 0.3% took years to get there.
Learn risk management before dreaming of rolling in dough, have to have the answers before the questions comes.
If it was easy, no one would make money at it.
