What demographic is most likely to lose in trading?

Karma... Excample: George Soros made billion(s) breaking the Bank of England. Guess what happened shortly thereafter? You got it! He lost billion(s) in another market.

Evyerthing that goes around comes around!
 
Quote from marketsurfer:

Those who love trading the most are the most likely to fail. The market holds the greatest attraction to those least suited for it. It's an unfortunate fact.
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A rather prophetic statement coming from a guy who has blown up and been banned from ET as many times as you have.
 
A middle-aged male who has worked both in the white and blue collar worlds and knows them well. He's literate in the market and his speech. He's been screwed enough times to know when it's happening; by the private sector and government. He's an independent thinker and always lives below his means. He typically is married to a great woman who understands him and loves him anyway.
 
Quote from emg:

Here is an interesting article:

Sorry, but women can’t trade

8 March 2011


As it’s International Women’s Day and everyone’s bemoaning the fact that women don’t have a better deal in life, I’d like to make a brief point: I have tried to employ women as traders; it doesn’t work.

Much as it pains me to say so, the reality seems to be that women can’t trade prop. Show me a woman who’s a competent prop trader. I’ll show you a man in disguise.

I have tried very hard to disprove this theory.

I have hired plenty of women. None of them have ever stuck at it. They all started off in a very conscientious and analytical manner and were very keen, but after two or three months it was all over.

Why?

I blame two things: emotion and boredom.

When a woman trades, it doesn’t take long before she becomes emotionally involved in what she’s doing. She loses the discipline that’s needed to make money consistently. She fails to maximise profits and fails to minimise losses.

She also becomes bored. Staring at a screen all day doesn’t seem to offer the mental stimulation that a woman requires. Women need interactivity. In my experience, they’re better at relationship-based trading. When it’s just them and the screen, it doesn’t work.

I wish this wasn’t the case. I wish I didn’t have to be the one to point it out. But someone needs to. This isn't a qualitative judgement. In this industry, performance is measured very simply in terms of P&L. I have given a lot of female traders a chance. None of them have taken it.

The author is an anonymous (male) prop trader.
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The author doesn't qualify the type of women.

Asian women?

White women?

Hispanic women?

Black women?

There are other variables to consider also in addition to race.

I have seen profitable Asian women traders on Wall St. including at a prop lite firm.
 
This is complete nonsense. I've been trading for more than 20 years and while I haven't been in the + column every year I've made a darn good living trading. I've made much more money than I ever would have made "working for the man."

Quote from stockstalkerv3:

Lol, the answer is obvious:

Everyone who makes trading their life career will lose. There's isn't an example of a single man/woman out there who didn't lose it all towards the end (unless they got smart and quit the trading side of the business early on, like Bernard Baruch, Willliam J. O'Neil, Larry Williams, etc.)

Think the universe will let you take money from other people's pockets indefinitely? (People tend to forget the karmic side of trading either b/c they don't believe in karma, or never considered it).
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