Who Is A Bad Trader?

A bad trader doesn't take profits when his target is hit. OTOH, an exceptional trader "knows"* when to hold his trade for bigger gains.


*through experience and observation
 
More than 95% trader at forex market are bad trader.....lol....actaully i think that perosn who start tradign without having any clear idea about trade,and take emotional decions then rational decision are the bad trader.

Do you agree with me? let have a challnege who is a perfect trader?
 
When asked about his opinion of day traders some years ago, Paul Tudor Jones replied "95% losers".

Let's say there's 50 winning day traders here :D .

That would imply there is 950(!) losing day traders here.

Think about it.
 
Ol' Yella said:
a lot of people see what they want to see in gurus.....

take the ninetrans blog guy, disciple of Al who has many ardent followers who worship him

he's often held out as the go-to source for proof of Al Brooks methods

(for a while, he started a subscription section of his blog with exclusive content but seems to have now discontinued that)

just went to his site and he showed a graph of his pnl for the year...... he's up 5k to 6k for the year

so an annualized 20k - 24k a year..... (no wonder he was looking for subscribers)

he's profitable, that is a huge accomplishment for any retail daytrader, and he's honest

but I bet most of his followers were imagining he was pulling 100k a year

hey the guy never lied about it, so am not attacking him, just using an example because many think he's a supertrader

another example of where trader expecations are not at all in line with reality :(
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That's a revelation. I chanced upon his website and you think he was pulling in 2-3k everyday by reading his trading blotter. At least he's really honest. I browsed through his site and he mentioned he has a day job as well, so I guess it's just side income?
 
cornix said:
I am bad trader. So much to learn yet. :)
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You are too modest, Cornix.

All you have to do is to apply what you taught NoDoji about trendline breakouts to Crude instead of Forex and your wife will stop yelling at you. :D
 
Grandluxe said:
You are too modest, Cornix.

All you have to do is to apply what you taught NoDoji about trendline breakouts to Crude instead of Forex and your wife will stop yelling at you. :D
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Haha... my wife is actually pretty happy with me as a husband. At least no yelling aside from sexual games. :D
 
there is no bad traders. only greedy traders, naive traders, daydream traders, clueless traders, emotional traders, smart traders, diligent traders, wise traders, careless traders,

wall street describes traders as sheep, hog, bull, bear.....

Bear always wins
Bull always wins

sheep is slaughted?

bad trades, not bad traders. do not personailze your trades.

most people are average good people. they abide bythe law, pay tax, work hard,...

I am winners, does not mean I am a good trader. I take money from losers. I am bad trader too!

cornix said:
I am bad trader. So much to learn yet. :)
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before discusing who is a bad trader imho better to give definition who is a trader

my definition:

trader is someone who is making a living by trading his own money

as long as person satisifes this definition he is a good trader :)

if not (or already not) - then he is not a trader at all

therefore the quetsuion is not who is bad or good , its either you are a trader or u are not

and one more thing:

there are no poor traders, just many poor people who think that there are traders :)
 
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