Why 90% of traders burn out?
- Thread starter fordewind
- Start date
One word....
OVERTRADING
They think if they haven't got a trade on they're not trading.
They think cash is not a position.
They think scapling on stupid-short timeframes is the only way to make money.
They over-leverage, make large losses and then burn out trying to chase recovery.
They exemplify everything that is "dumb money"
OVERTRADING
They think if they haven't got a trade on they're not trading.
They think cash is not a position.
They think scapling on stupid-short timeframes is the only way to make money.
They over-leverage, make large losses and then burn out trying to chase recovery.
They exemplify everything that is "dumb money"
Yes, and my comments were predominantly focused on day traders. They are the worst, they get attracted like flies to sh*t thinking day-trading is the only way to make money on the market. They sit infront of their screens overtrading over-leveraged trades and 99% of them end up being big fat dumb loosers.
Why 90% of traders burn out?
Burnout? Heck, I've been doing this for 40 years and am ready for the next 40!!
I guess if you know what you're doing, you won't run into the causes of burnout.
Burnout? Heck, I've been doing this for 40 years and am ready for the next 40!!
I guess if you know what you're doing, you won't run into the causes of burnout.
LOL...Thanks for posting
You mean you`ve been doing demo for 40 y?
No. Demo accounts weren't available 40 years ago.
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there`s non.if we talk about day trading.or for a small amount of time only - very short.