Then you are lucky and/or a dumbass for not trading bigger size if you have that kind of consistency.
Why do 95% of retail traders lose?
- Thread starter fanews
- Start date
Then you are lucky and/or a dumbass for not trading bigger size if you have that kind of consistency.
but in reality:
everybody lose. elitetrader.com is a special place where losers can fantasies they are a hero. Guess who is profiting on ET members from dreaming of becoming a rich, celebrity person? Baron, ceo elitetrader.com
++1 This is what I always mention but being debut by all the bots from Baron
With the unfair setup and structure that you see now in trading - bid/ask slippage, commission, front run, insider informationm and etc - none of the retial trader can win except you are broker, market maker or you work for the house.
I am sure "someone" (which is not hard to guess who they work for) will come back with the debut (again) and try to deny this reality, they will tell you how much they made every month with trading, their intention is simple, they try to lure more people to trade in order to bring in more fees and commission to pay for their fat bonus. Same trick as casino used
If someone said to you 95% of traders lose , you got 5% chance of making money , to be the 5% you have to be a broker , mentor, system sell , software seller , seller of signals ans seller of other services related to trading casino.You have a negative expectancy in trading.
If someone said :In the gold rush, the people who made money sold shovels and picks. In the trading gold rush, people who write books and offer counseling make money, traders donât. This sums it up.
How many of you would stop/would continue trading/gambling?Would you stop gambling today?You are only betting on the form of the instrument you gamble on.
If someone said :In the gold rush, the people who made money sold shovels and picks. In the trading gold rush, people who write books and offer counseling make money, traders donât. This sums it up.
How many of you would stop/would continue trading/gambling?Would you stop gambling today?You are only betting on the form of the instrument you gamble on.
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 (3.8%) +13.1% +0.9%
2011 +29.0% +25.3% +17.8% (5.4%) +4.7%
I think its because they can't recognize a good system vs a bad system.
So they will put their money into the bad systems, or will fall for fools who say that you can make $ millions with our $ 400/month chat room and no track record or proof.
Oh, and the above results are better than most hedge funds.
2010 (3.8%) +13.1% +0.9%
2011 +29.0% +25.3% +17.8% (5.4%) +4.7%
I think its because they can't recognize a good system vs a bad system.
So they will put their money into the bad systems, or will fall for fools who say that you can make $ millions with our $ 400/month chat room and no track record or proof.
Oh, and the above results are better than most hedge funds.