What's the Biggest Reason Why Traders Fail?

Why do so many traders fail?

  • Being undercapitalized

    Votes: 13 26.5%

  • Not having a trading plan

    Votes: 15 30.6%

  • Lack of discipline (eg. too emotional and not following a trading plan)

    Votes: 20 40.8%

  • Lack of knowledge or experience (eg. either too dumb or too arrogant)

    Votes: 15 30.6%

  • Lack of focus (eg. jack of all trades, master of none)

    Votes: 11 22.4%

  • Poor money- and risk-management (eg. taking on too much risk)

    Votes: 26 53.1%

  • Impatience (eg. always getting in and out too soon)

    Votes: 13 26.5%

  • Overconfidence (eg. IT'S DIFFERENT THIS TIME!!!)

    Votes: 16 32.7%

  • Being emotionally tied to the stocks

    Votes: 8 16.3%

  • Being emotionally tied to the market direction (eg. alway bullish)

    Votes: 8 16.3%
  • Total voters
    49
  • Poll closed .
toucan said:
i agree human emotions in trading is hard to control. i used to get heartburn managing trades until one day, i decided to write an algo that manages trades for me. i have fine tuned it over time and am now left with the heartburn of deciding which setups to trade. LOL

cheers
toucan
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That is what I have to do but it is hard to program gut feel and rhythms.
 
Motivator said:
My forte is identifying patterns. Why ? I have no
Idea. I see a great set up and 10 other traders dont.. Its weird but thats my strength. I also use stop losses.
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You just described how I day trade. :banghead:

Not a good sign, easy come easy go. We can easily lose it before we realize it.
 
Last edited:
upload_2024-2-8_12-21-24.png

□ Picking the TOP and the BOTTOM​

I feel like shorting this market. I really do. You have an itchy finger, too? :sneaky:
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upload_2024-2-8_12-24-41.png
 
toucan said:
i agree human emotions in trading is hard to control. i used to get heartburn managing trades until one day, i decided to write an algo that manages trades for me. i have fine tuned it over time and am now left with the heartburn of deciding which setups to trade. LOL

cheers
toucan
More...
Hi Toucan, you have been trading longer than me. I was curious if you feel any type of emotions whether it’s a good trade or a botched trade? So far it’s been a wonderful2024 and I feel absolutely nothing, almost robotic, dead inside.
 
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