Where did the "90% are losers myth come from?

What you are failing to grasp is the simulator ISN'T real life. I don't care how much you say that they are the same or that real life is "easier" cause when you are placing a lot of your money on the line, things change. When you start trading a lot of real money, you'll understand.

You talk in millions but that's simulator talk. No one will respect or give a shit if you are making a ton on the simulator. All that counts is what you do with live money, live liquidity and have to make REAL trading decisions on the fly.

Look, I won't dog anyone who is live trading and talking about what their method can EVENTUALLY produce but you walking around saying 75 million or 29 million...just STOP. Its silly beyond comprehension.

Quote from alexandercho:

Umm, I do know that much and I've already told you that nothing I do is much different from the simulations. Matter in fact I feel more control in a market condition because at least I can exercised an option contract at any point in time whereas in the simulator the option can only be exercised on the day of expiration. The simulator also is 20 minutes delayed in information. I also can't put stop orders on option contracts. Theirs a lot that's daunting about the simulator that I don't have to deal with in real life. The funny thing is, is that I don't do anything different from the simulator in real life. Matter in fact I just do it a lot better in real life because I have much more control.

Also, theirs a ton of things that make real trading so much easier and in my case enjoyable. I don't doubt my decisions and dive in when my instincts and the data are their. I have blown a ton of money with my method but I always end up with a net positive. For instance my PFE options lost me 4million from 21million but then I made 12 million today to account for the 4million loss. one thing, that's unique about my trading is, is that I know how much I need to risk to earn back the loss and make a profit.

I'm telling you I'm one of the few who bought citigroup in real life at 1.80, and 2.04 and sold it at 3.70. I can walk the walk in real life. I know my success ratio in my average downs, and I can tolerate a heavy beating but as long as I'm patient i can walk away with money. All of these things I do in real life.
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Psychology is the root of success. It's almost everything in trading, you laugh at my bravado but it's what kept me going when times are hard. It's the result of fighting with the markets day and night. Looking at quote screens until 1AM. It's the result of staying up all night thinking about your trades. My success comes from eating, breathing, living investing. Watching foreign market movements, looking at news, screaming at the monitor. Everything, I've bailed out on promising trades to, I've made some dumb decisions but somehow I manage to come out on top. I can honestly say I've accomplished a level of professionalism in the markets.
 
I'm not sure if you realized this, but I told you guys this over a hundred times I paper trade and I do real trading. Don't you get it, I've RISKED REAL CAPITAL. I've WALKED the WALK. I've been killed in some trades and I've also killed many in the markets sending them home in their diapers. I know how a stressful day on wall street feels like. I don't just paper trade, but it's not smart to expose private information. That's why I don't, no one on ET does, if they do their obviously not afraid of being hacked and losing their money but on the other hand I am.
 
I won't tell you how much money my account makes but I will tell you all about my entries and exits in real life. In reality I can tell you how much I make but theirs no real way to prove it unless if I take a screen shot of my account and post it, but I'm not willing to do that because I don't want personal information out on the public domain.
 
Quote from alexandercho:

I won't tell you how much money my account makes....
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but you'll gladly share how many millions your SIM account is at or how much your 2011 options are worth (75 million SIM bucks).

Just drop the SIM trading results. That's fine if you want to internalize the results and work the strategies into your real trading but bragging on ET about being up 25 million after a day when its all fictitious trades is just lame.

http://elitetrader.com/vb/showthread.php?s=&threadid=161513&perpage=6&pagenumber=30
 
Quote from Omar Little:

but you'll gladly share how many millions your SIM account is at or how much your 2011 options are worth (75 million SIM bucks).

Just drop the SIM trading results. That's fine if you want to internalize the results and work the strategies into your real trading but bragging on ET about being up 25 million after a day when its all fictitious trades is just lame.

http://elitetrader.com/vb/showthread.php?s=&threadid=161513&perpage=6&pagenumber=30
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No, it's not because it just proves to yourself how much your decision making skill have developed. Also, I just used it as a reference to disprove people's opinion of me as being an average Joe trader who sucks and it's part of the 90% who fail. Because I am not.
 
Quote from alexandercho:

I'm not sure if you realized this, but I told you guys this over a hundred times I paper trade and I do real trading. Don't you get it, I've RISKED REAL CAPITAL. I've WALKED the WALK. I've been killed in some trades and I've also killed many in the markets sending them home in their diapers. I know how a stressful day on wall street feels like. I don't just paper trade, but it's not smart to expose private information. That's why I don't, no one on ET does, if they do their obviously not afraid of being hacked and losing their money but on the other hand I am.
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That's the thing, you may paper trade millions but you have no idea what it's like to trade huge sums like that in real life. Regardless of whether your real trades are based on them or not. Nobody in his right mind would say that sim trading 75mil is easier than live trading 75 mil.
 
I have been told about the odds of making it and not making it so many times
it becomes a joke.

Some of the odds of making it success stories:

Look kid, sorry. I know talent when I see it. You are a decent basketball
player–but that was grammer school. This is High School. You just can’t
compete at this high level. I am cutting you before your dreams get
shattered. —Michael Jordan’s high school coach before he cut him from the
team.

Blah blah about the same quote as above. Scottie Pippen’s high school coach
before he cut him from the team.

You are over 65 years old. You want to start a career in the restaurant
business? Don’t waste your social security checks.—Colonel Sanders
friends.

“You want to get an aircraft instrument rating in a month. HA. It took John
Glenn 6 weeks to get his instrument rating. You are not John Glenn. Spend
the necessary year and become a safe pilot. Alex Wasilewski’s friends and
previous flight instructor.

“Congratulations. You have tied the American Aviation record for the
shortest time to achieve an FAA instrument rating.” FAA flight test
supervisor to Alex Wasilewski. Quoted six DAYS after the previous quote.

“What an idiot. Doesn’t he know that the leading medical and physiological
experts have conclusively determined that the human body is incapable of
running a mile in under 4 minutes.—- the leading experts to Roger
Bannister about a year before he became the first human to break the 4
minute mile barrier. Now this “impossibility” is routinely broken by very
good high school athletes.
 
That's fine, SIM trading is supposed to bolster confidence and help you step up your game. I'm not discounting the need to see ones own strategies at work before putting a lot of real money on the line. My only issue is with the bragging in terms of millions. Cause lets be honest...if you are admitting to SIM trading you are NOT trading millions.

At the same time, don't believe necessarily that your SIM trades will be truly reflective of how you'll handle yourself in the real game. I know you said you've traded or do trade with live money but you DON'T trade on the scale that you are in your SIM trading. Those results are bogus. Thats like saying a 1 lot trader will all of a sudden be able to flip 200 lots around without incident. That's just delusional.

Quote from alexandercho:

No, it's not because it just proves to yourself how much your decision making skill have developed. Also, I just used it as a reference to disprove people's opinion of me as being an average Joe trader who sucks and it's part of the 90% who fail. Because I am not.
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