Why do more than 90% of traders lose?
- Thread starter emg
- Start date
About 101 times?
and that would be in a row? You can quickly see that the thread is a Classic Wind-Up
Something to understand...once a trader is profitable for a decent period of time and have expressed this "accomplishment" to the world...then their edge fades away and they can't adapt...must save face to preserve respect and credibility from their peers by "faking" their continued success. It's just human nature to want that "respect" to never die. How could they show themselves on any forum as a failure...especially after all the advice they've given to newbies and all the arguments they've stubbornly fought that their way is the "BEST WAY"! Human nature does't want to go through that humility. Yes, there have been some exceptions, and I express great respect for those who've been honest and truthful about their situation. My point is...many traders go through this process...so there is always a "GROUP" of traders who are doing well (of course, you will hear them loud and clear declaring their winnings)...and then a decent percentage of those traders will lose their edge and the "faking" will begin...this will repeat and repeat. I believe this is why it appears there's much more than 10% winners. SO, DON'T BELIEVE THE HYPE!!!!!!!!!!!!
Thanks Leverage !
2 Ticks difference btw Bought & Sold.
But that's cool you have not been wiped out.
You've just traded about 200 contracts on the ES.
According to the commissions. No newbie should do that.
So you're either Demoing, either new and good to die.
Or an experimented scalper. Or someone that,
Were close to lose his shirt averaging down.
* Actually it's written down
--->>> 220 Contracts
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haha, I trade 20 share lots, the two ticks are simply total average from the greater sum. Ive been doing this for long time, its not like I started today. each trade would be 40 lots/ really just 5 trades. My target was /is 5k a day. So I was short a few dollars
In your opinion...why do more than 90% of traders lose? Do you agree with this estimation?
90 % is to low, its way higher. I would say maybe 3 out of 500 make it. main reason is people run out of money before they learn how to trade. No one, and I repeat no one should use real money for at least first year or maybe longer. No one listens though. I didn't and for the first two years I got beat up. Then I found an instructor which I held onto for 5 years. Problem is multi faceted though why traders fail, but main concept is they lose their money. I have a student now that I just told to stop because he doesn't know what he is doing.