Why do 95 % of traders lose ?

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Quote from ssrrkk:

If it's simple, why do 95% lose? Apparently it wasn't simple for 95% of people. By the way where does this 95% statistic come from?
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Another major problem for traders is the timing of the winning trades , they sometimes appear when the trader has had a long depressing day in front of the screen.Traders have to be in-front of screens may be 14 hours a day , otherwise they may most likely miss those two or three big winning trades.

More than 7 hours in front of a screen is a killer.
 
Quote from oilfxpro:

Another major problem for traders is the timing of the winning trades , they sometimes appear when the trader has had a long depressing day in front of the screen.Traders have to be in-front of screens may be 14 hours a day , otherwise they may most likely miss those two or three big winning trades.

More than 7 hours in front of a screen is a killer.
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You said it yourself...this is why they lose...if automated...the computer will not make these mistakes.
 
I'd say most traders lose because of reasons #3-5 of what King said. Most people give up after there first blown up account, and it was probably a small account to begin with. People have unrealistic ideas about how easy trading is and the amount of time it takes you to become profitable. Add the fact that the barriers to entry are essentially zero, you get a high failure rate.

It normally takes at least a year or two before you can make it a full time thing. You do not need to sit in front of a monitor 14 hours a day. That is counter productive and will lead to burn out in my opinion. Watching the markets for 7 hours is also not incredibly hard. You do not need to stare at the screen constantly the whole time. Watch some tv, listen to music, or surf the internet. When you trade, you find out a lot about yourself. Make your own strategy that fits your personality and don't rely on others EVER. It is just a recipe for disaster if you take trades based on what other people say.
 
Quote from monti1a:

lack of an "edge"..whether it be technical, insider knowledge, or fundamental...pure and simple

cut the psycho crap....
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yeah and Baron's debuttal guys get paid by sponsors.

wtf is the edge ,please give detailed explanation.
 
Quote from oilfxpro:

yeah and Baron's debuttal guys get paid by sponsors.

wtf is the edge ,please give detailed explanation.
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Edge is an ambiguous term on purpose. Everyone has a different edge (something that makes them profitable). It can be something singular or multiple things put together. How a person sets up their chart can be an edge. Maybe it is his psychology that is his edge, more important for discretionary traders. There is also reaction time and a person's knowledge of fundamentals or technicals. Trading is such a vast world that some of these questions can only be answered by ambiguous generalities.
 
there is an edge watching the s/r on spx,eur/usd ,transports,nq es and waiting for them to trade in unison,in the trends,at the turns, after being familiar with this or any other edge,sitting and waiting for it to happen is another edge that many haven't the patience for,nor even admit it's important,95% of traders overtrade,guess
 
Quote from oilfxpro:

wtf is the edge ,please give detailed explanation.
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Ask anyone of these guys:

Erik Seidel

Daniel Negreanu

Phil Ivey

Jamie Gold

John Juanda
 
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