What's the Biggest Reason Why Traders Fail?

[schizo]

Chart NEVER EVER in a million years will lie to me.

First of all, I completely agree with this assessment.

This is why I say trading books is a setback, it makes you a DUMB ASS trader, cause you never know if you being lied to and you have to start ALLL over again re-learning, you take FOREVER to get rich. You be 70 years old still trading 1 ES contracts reading dumb ass books.

Well, you don't post any trades. You don't share any trading ideas. All you write are the same useless things. How am I to believe that you're not a hoax?

So here's the deal. Why don't you get your ass over to ES JOURNAL and post your trades in real time? That's only fair, considering that I've posted 1000s of real time trades over the years. If I can do it, I'm sure you can too.

 

[SimpleMeLike]

First of all, I completely agree with this assessment.


Well, you don't post any trades. You don't share any trading ideas. All you write are the same useless things. How am I to believe that you're not a hoax?

So here's the deal. Why don't you get your ass over to ES JOURNAL and post your trades in real time? That's only fair, considering that I've posted 1000s of real time trades over the years. If I can do it, I'm sure you can too.

Hello schizo,

lol, why would I post my trades on a public internet for? Does Goldman Sachs post their trades on ET website for public display.

I do not care about your ES Journal, that is your business buddy.

I am not asking you to believe what I am post on ET website.

Everyone asking me questions, I not asking any of you questions. I know all the answers already, im making money, and that what all matters to me. And it comes easy and not working hard in the ES futures market either. I'm not working hard.

 

[themickey]

What is the Number One Contributing Factor to Trader's Demise?

Surely the number one contributing factor of failure would be charts.
The alure of their simplicity.
The strong power they have over traders decisions.
Their power to rope so many into trading.
Culminating in something like 90% failure rate.

 

[newwurldmn]

LOL!!!

They shut me down at 400 per day..

Added 10 years to my life

And with the money you made you can enjoy those 10 years!

 

[schizo]

lol, why would I post my trades on a public internet for? Does Goldman Sachs post their trades on ET website for public display.

Well, Goldman Sachs isn't run by a bunch of ignoramuses either (not that I'm calling you one). By your own admission, you seem to know nothing about trading (neither fundamental nor technical) other than trading by the seat of your pants. And, again by your own admission, you're wildly successful day after day.

The way we're arguing in circles feels more like this is a kangaroo court than a trading forum. I have nothing more say, your honor.

 

[Slope Trader]

None of the above. Most traders don't have an edge, their methods/plans do not have positive expectancy.

.

This is how I see it too.

I would add that there may be a hierarchy of reasons:

1. Most traders do not use a method or system, whether systematic or discretionary.
2. Some traders do have a system, but it is not one that would actually be profitable if traded consistently.
3. Some traders do have a system that could be profitable if traded with discipline, but they do not do so.
4. Some traders do have a profitable strategy and they do trade it with discipline, but the returns are near breakeven because the system is only weakly profitable after factoring in trading fees and other costs.

 

[TrailerParkTed]

First of all, I completely agree with this assessment.


Well, you don't post any trades. You don't share any trading ideas. All you write are the same useless things. How am I to believe that you're not a hoax?

So here's the deal. Why don't you get your ass over to ES JOURNAL and post your trades in real time? That's only fair, considering that I've posted 1000s of real time trades over the years. If I can do it, I'm sure you can too.

He’s harmless like Stoney, let them pontificate!

 

[ajacobson]

Arrogance and truly miscalculating risk.

 

[ironchef]

The truth came out. It is otherwise know as gambling and not being the house.

But we tell our wives and friends that day trading is not gambling, day trading is a business, is our new "job".

As for me, I admit, I do not have an edge, not yet.

 

[semperfrosty]

Surely the number one contributing factor of failure would be charts.
The alure of their simplicity.
The strong power they have over traders decisions.
Their power to rope so many into trading.
Culminating in something like 90% failure rate.

Until you can unveil the lie.

Like how it looks like a breakout but its a stop run before reversal.

Like a human,a lying chart has tells.