Why do newbies lose?

Sprout said:
The whole picture includes the missing part with all the words that are not annotated in red.

It's cool, just having as much fun as you.

It took me a while to understand where you are coming from. I agree with you, you (in particular) will not learn trading from books. However, you might expand your discernment in evaluating potential educators and/or mentors, systems and methods. Iow, getting a "lay of the land", a map and compass to orient yourself.

Imho, without education and training, at least to have a framework to compare and contrast with more nuance than "they all lie", you've stacked probabilities against achieving your dream rather than stacking them to support manifesting your dream.

At some point when is the signal to yourself that your current approach is a fail (if true) and to explore other approaches?

On a personal level, I had to overcome my arrogance, my unrealistic expectations, my reluctance to submit to time and humble myself to the process.
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Hello Sprout,

You guys are seriously misunderstanding me, I just do not believe in trading teachers, I believe in like minded people with a common goal working together in the ES futures market FREE of charge with the one goal of getting RICH. Or I just work by myself, which is fine with me.

Thank you for taking the time for understanding me. Sorry it took so long.

You are correct in everything you stated.

I am not listening or learning from anyone or reading anything who does not have +1 year track record trading the ES futures market, I am not even going to google someone name if you send to me, if you do not send a track record. You nailed it. I do things my own way. me and the chart and my spreadsheet, is all I need. As I said before, trading books, trading mentors, trading systems, trading methods are ALL lies without 3rd party track record, I am not paying for NOTHING without a track record, and I mean it. NOW we can have a trading conversation for FREE about trading the ES futures market day to day, if a group of ES traders want to tag up to reach 100ES contracts, yes I will do this with like minded people. That is different, but paying someone to teach me or advice me about trading, NOT happen, EVER without a track record. PERIOD.

For example, one thing I urgently NEED is +10 years of ES tick data to import in NinjaTrader8. I am looking for this now. I NEED badly!!!! If you know anyone can help me with this, I be happy.
 
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ironchef said:
I lost $ day trading because the processes are so counter intuitive for an investor. An investor needs strong convictions and cutting losses is very hard for someone with a strong conviction.
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It's hard to cut losses when your goal is to be rich.
Eventually he will realize that the way to be rich is to keep losses small.
The secret to recovering from huge drawdowns is not to have huge drawdowns.
 
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