Why do 5% of Traders Win?

Quote from ExchangeBonds:

I also think it says something that you actually argue with supercycle as that guy is complete moron/troll that should be ignored.
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I actually did that on purpose. Debating/arguing with people and then publishing my trades like that really helped me to stick to my guns. Unfortunately, I set my trailing stop too tightly and got kicked out of that trade too early and was therefore forced to settle for less profit, but oh well.

I also find it very valuable to place my trade and trust my stop. So, I do everything I can to get my mind off my current trade.
 
Quote from bhardy307:

I actually did that on purpose. Debating/arguing with people and then publishing my trades like that really helped me to stick to my guns. Unfortunately, I set my trailing stop too tightly and got kicked out of that trade too early and was therefore forced to settle for less profit, but oh well.

I also find it very valuable to place my trade and trust my stop. So, I do everything I can to get my mind off my current trade.
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Whatever helps you is something you should do, but it sounded like you were putting it in the negative. Still though I don't think you can debate him.
 
Quote from oilfxpro:

For once in my life I agree with opinion of others.I have 44 profitable automated systems working together but I abandoned them for human bots ,in hindsight I can see how out of whack the bots are in their execution.

A human brain can see and process information about trading , much more accurately than written codes .The bots process words , and not enough words can describe a picture of context and set up seen by the naked eye.
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There is a place where I see computers valuable for my trading style. Maybe its experience, but I find in certain situations I can't calculate and react quickly enough if I am trying to add or subtract from a position, or adjust the stop quickly on multiple entries.

A simple application that interfaces with my broker's trading platform that would allow me to click a single button to adjust the trade(s) according to a predetermined formula, would be helpful.

This is my next project.
 
IQ, EQ, tenacity, patience, perseverance, greed and a healthy dose of luck. Not everyone has all the requisite ingredients. I don't see many traders from the late 90's still trading. In the long run I think the failure rate is closer to 99%, given enough time, almost every successful trader will give it all back, to keep on winning I think luck is the biggest factor.
 
one of these trading websites had a free trading shrink webinar last week and she said 11% futures traders and 38% stock traders are still here after the 1st year
 
Quote from ammo:

one of these trading websites had a free trading shrink webinar last week and she said 11% futures traders and 38% stock traders are still here after the 1st year
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I think if you removed all of the entry requirements for a university degree, you'd see a much worse washout figure. Trading has no entry requirements other than a little cash.
 
Quote from badvestor:

IQ, EQ, tenacity, patience, perseverance, greed and a healthy dose of luck. Not everyone has all the requisite ingredients. I don't see many traders from the late 90's still trading. In the long run I think the failure rate is closer to 99%, given enough time, almost every successful trader will give it all back, to keep on winning I think luck is the biggest factor.
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I would add to that list:

"knowing when to fold'm"

In other words, having made your money, know when to walk away and do something else with your life.
 
Quote from JohnsonMM:

Less than 1% win enough to compensate the hassle, so really it's like 95% lose, 4% breakeven or win small, and 1% WIN BIG.
But let's answer the question:
Why do 1-5% of Traders Win?
...r.
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Because, like lotteries, hope feels better than reality. Almost everyone thinks they are the smartest in the room.
 
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