Why do 95% of retail traders lose?

Quote from emg:

that landed him a sales job. Not a trader. Doesn;t matter anyway, once a person is in goldman sach, the game begins if goldman sach successful traders will like him or not. Normally, in today world, a successful traders let say he is 55 yrs old would like to chat with a programmer. A 55 yr old goldman sach trader is old school and will trade the old school way. Given the high tech world in trading today he is willing to chat a brand new algor trader.

99% of those apply at goldman sach will get rejected. There are tons of trading firms in new york and london.

http://www.job-search-engine.com/keyword/hft/

look at those companies hiring

here is careerbuilder link

http://www.careerbuilder.com/Jobsee...ExpHigh=gt50;ExpLow=0;MaxLowExp=-1&IPath=QHCM

beware for the prop firms. most of them are not legit.

Normally, when in school, u will see many trading firms recruiting in the college job fair. Should be easy to land a trading job before graduating.
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No, the interviewer was a trader, not a salesman.

Warren Buffett's father had a tiny little brokerage, hardly Goldman Sachs. Warren probably didn't learn a huge amount there.

The vast majority of successful traders don't know anything about HFT.

I fully expect most HFT firms to be out of business within a few years.

Apart from your catchphrase, your English is pretty awful.

edit: actually, your catchphrase is crap English as well :p .
 
Quote from emg:

his dad owned a brokerage.

anyway, to join the house, u must have a degree in math, computer science and a minor in finance. Here are the house career websites:
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Btw, can you also explain why a lot of these "houses" go bust?
 
Quote from Visaria:

Btw, can you also explain why a lot of these "houses" go bust?
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They are just like any other ordinary businesses. Ask youself this:

Why circuit city went bust? Why did linen went bust? Why border book store file bankruptcy protection? Why did countrywide financial went bust? Why did washington mutual went bust? Why did blockbuster file bankruptcy?

The reason is they went bust because they didn't have a good business plan.

Now, ask youself this? Why didnt bank of america bankrupt? Why didnt CitiBank went bankrupt? Why didn't Walmart went bust? Why didn't ScottsTrade went bust? Why didn't HomeDepot went bust? And most of all, how come APPLE didnt go bust?

The reason they didnt go bust because they have a good business plan.
 
I am a day trader and I have a very good business plan. 12+ years in the business and things are going great. I think many day traders have a bad business plan.

Quote from emg:

They are just like any other ordinary businesses. Ask youself this:

Why circuit city went bust? Why did linen went bust? Why border book store file bankruptcy protection? Why did countrywide financial went bust? Why did washington mutual went bust? Why did blockbuster file bankruptcy?

The reason is they went bust because they didn't have a good business plan.

Now, ask youself this? Why didnt bank of america bankrupt? Why didnt CitiBank went bankrupt? Why didn't Walmart went bust? Why didn't ScottsTrade went bust? Why didn't HomeDepot went bust?

The reason they didnt go bust because they have a good business plan.
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Quote from emg:

They are just like any other ordinary businesses. Ask youself this:

Why circuit city went bust? Why did linen went bust? Why border book store file bankruptcy protection? Why did countrywide financial went bust? Why did washington mutual went bust? Why did blockbuster file bankruptcy?

The reason is they went bust because they didn't have a good business plan.

Now, ask youself this? Why didnt bank of america bankrupt? Why didnt CitiBank went bankrupt? Why didn't Walmart went bust? Why didn't ScottsTrade went bust? Why didn't HomeDepot went bust?

The reason they didnt go bust because they have a good business plan.
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WTF! Both Citibank and Bank of America were bailed out by the US govt!!!!

You REALLY don't know anything, do you?
 
Quote from emg:

They are just like any other ordinary businesses. Ask youself this:

Why circuit city went bust? Why did linen went bust? Why border book store file bankruptcy protection? Why did countrywide financial went bust? Why did washington mutual went bust? Why did blockbuster file bankruptcy?

The reason is they went bust because they didn't have a good business plan.

Now, ask youself this? Why didnt bank of america bankrupt? Why didnt CitiBank went bankrupt? Why didn't Walmart went bust? Why didn't ScottsTrade went bust? Why didn't HomeDepot went bust?

The reason they didnt go bust because they have a good business plan.
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Only part of that statement is correct, just like all of your statements. You can tell by your statemnt as well your level of understanding regarding business environments is extremely lacking.
 
Quote from Visaria:

WTF! Both Citibank and Bank of America were bailed out by the US govt!!!!

You REALLY don't know anything, do you?
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it doesn't matter that they were bailed out by the gov. They are still in business. They know how to play washington game.
 
Quote from Visaria:

I think you just outed yourself as someone who doesn't have a clue.

You've lost all credibility :p .
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doesn't matter to me if i lose the credibility. The fact is

More than 90% of small traders lose in a "Spectacular Fashion." They just lose!!!
 
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