Why do more than 90% of traders lose?

Most folks will never be able to grasp the idea that what we can control is risk and that management thereof is the only true edge in trading. Anyone can find entries. It's the management of those entries that separates the winners from the losers.
 
Visaria said:
I'm using Prudent Risk Management in my local casino, on roulette. I only play on the number 21. I employ PRM because i only put £10 on a number, and when i win, i make a lot, £350!

Can't understand it though, I'm still down money even though i won a few times in the last 100 spins. Thought i had the EDGE cause i was using PRM...oh well.
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To be fair, you can't be sure you're using PRM because Buy1Sell2 refuses to adequately define it.
 
slugar said:
I agree with controlling risk but you can also control risk with better entries and exits
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Controlling risk is all we have. Better entries and exits can be, and are, found by anyone. There is no edge there. Most traders will pull profit before targets or too early if trend trading, remove or not use stops, scale in and scale out, use breakeven stops, set stops inside the noise, risk more than 2% TLNW etc etc etc. ----Picking entries and exits is easy. Utilizing Prudent Risk Management is the real, and only , edge in trading.
 
Buy1Sell2 refuses to unequivocally define "Prudent Risk Management."

Clearly Buy1Sell2 is either a crank or a troll.

Cranks and trolls are complete wastes of time.

Buy1Sell2 is now on my ignore list.

Done with this incessant nonsense.
 
Buy1Sell2 said:
Controlling risk is all we have. Better entries and exits can be, and are, found by anyone. There is no edge there. Most traders will pull profit before targets or too early if trend trading, remove or not use stops, scale in and scale out, use breakeven stops, set stops inside the noise, risk more than 2% TLNW etc etc etc. ----Picking entries and exits is easy. Utilizing Prudent Risk Management is the real, and only , edge in trading.
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You control your risk by having better entries and exits and having a method that has a positive expectancy. By managing yourself. Period
 
http://celeb-true.com/images/the-edge/the-edge-02.jpg

the-edge-02.jpg
 
slugar said:
I agree with controlling risk but you can also control risk with better entries and exits
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I applaud you expressing / backing your views in your posts here..., but it occurred during premo trading time



I am sooooo going to jump your ass if it affected your prime directive today..., by even a smidgen

Make me eat these words Slugar - please - I'll gladly do so

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btw - this falls under managing risk / self


RN
 
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