What is risk/reward knowing more than 90% of traders lose?

Using a risk reward ratio of 1:3 you should over time break even.

It isn't smart experienced winning traders you are fighting against.

The biggest enemy is commissions and the spread.
 
Quote from DT-waw:

not a surprise.
its precisely why 0.1% of real winners can make decent $$$.

what is the least popular strategy?
holding a winning trade for 2, 3 or 9 weeks after making 11 losses in a row.

almost every person will do the opposite: 11 very small profits and one giant LOSS. epic fail
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no kidding, and it doesn't have to be weeks.

When I started out I only had enough money to scalp. But same thing, Get stopped out all morning and then hold for several hours.

Back then there wasn't so much to read. Once a month you'd get a statement. And there it was, hundreds of small profits all wiped out by one big loss. And that was all you had to look at for a month.

Eventually you figure out how to just turn it around and do the opposite of what you had been doing.
 
I always like emg's posts, I don't take it as emg is a naysayer. Instead, it reminds me to avoid the slow, meandering, easy times to enter, which is 95% of the time and never win. Instead, look for the sharp painful points that are only 5% of the time, they are difficult to catch.
 
Quote from Handle123:

I certainly didn't want a newly graduated brain surgeon to be working on my brain even though he has 12 years of education, I needed someone who had years of education and years of actual experience. And yet most people think they are going to compete against those who are very experienced and computerized to rise above the cream. Americans are so gullible, money is too cheap, any people who buy Pet Rocks, Empty Beer cans, and acreage on the moon can transfer their money into my accounts any day. People are suckered into clever ads that trading is so rewarding, any idiot can do it after reading a few chapters.

But these people are the easiest to steal away their money, most are so lazy, don't have a clue of the years of study of oneself, have to change how one thinks that what you "see" is not what is happening most of the time.

And should you work your ass off and become a 1%er, and look back on whom you were when you first began, you are not that same person any more, you change so much, what was up is now down, you can see where the big boys controlled the market, the game is rigged and you learn to adapt.

The 90% who lose simply don't know who they are, we play a psychological game, learn to know yourself best, then you have better shot at the 10%.
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Best answer so far!!
 
Quote from SnakeEYE:

daytrading is a waste of time and money.

it`s a bull caca
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hi snaky,

why do you think that ?
isnt there any way to make money with daytrading ?

please tell me your serious opinion!

regards
 
They lose because what they personally think is a good plan and adequate capitalization is, in fact, woefully inadequate.

Given the lack of adequate preparation and naivety, they would have failed if the venture was starting a restaurant or a shoe store. The only difference is that trading is one of the lowest cost barrier ventures an individual can start. Hence, it attracts more naive idiots willing to donate their stake straight into a massive wealth redistribution system.

And I would venture to guess that 90% of the 90% who fail are day trading stocks based upon some common variation of routine technical indicators using tic or very low timeframe interval chart settings. In other words, they choose to manually compete with the bots. Sitting in a double-wide outside Boise, Idaho with a DSL connection using a four year old box they originally bought for playing HALO. And they will be the most vocal and aggressive posters on ET; subject matter experts all.
 
i think i wil stop my daytrading.
because i am so lazy.
i am really so an lazy ass, incredible.
Just swing my trades a few days and make really big money trades.
2 at the same time maximum is allright.

i am so lazy.....ahh:p

how much should i risk? for a 4 days trade ? 30% of the account, yeah, thats means 30% - 60% profit.

the same i would make with daytrading.
so same profit, but much less less less stress.

Swing trading is for rich lazy assholes...:cool:
 
I bet many were stopped out from the big dropped in the ES 30 minutes ago.

Those that were stopped out, think real hard if u want to do this.
 
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