Why do newbies lose?
- Thread starter ninZa.co
- Start date
I agree with you on both. The "trade room" industry is really a sales room industry and it is unregulated, disingenuous, deceitful and deceptive. The methods, strategies and education it sells to trade futures is unsubstantiated, and not verified or authenticated to be profitable. We should blame them and not the newbies. My trade group maintains an exhaustive list of all sites, well over 2000, and less than five actually trade in real time and maintain a track record.
And to some degree if you do not have forward walk real time data s to verify the worthiness of your technique, few will be inclined to listen. But there are real advantages to having such data and it is not to convince others. I have two years of forward walk data generated from robots and it tells me what days are chronically and consistently most profitable, what indices within those days are most profitable and what is that profitability, does maximal profit occur with longs or shorts, what is the relative profitability before and or after the US market opens and what are the size of the targets and stops for the individual trades that are most profitable. And I'm not trying to convince anyone of anything.
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Even worse LOL ;
because more millionaires from the stock market than pro basket ball, i figure.
There fore it's easier/ to take to big a risk in market \with so may known millionaires over 200 + year history capital markets.
Adding to the complexity, single stock risk + rewards...............................................Sept selloffs ..............................
My newbie day trading experience (2010-2013):
1. I was clueless. I didn't know what I didn't know.
2. I thought indicators would lead me to the pot of gold at the end of the rainbow.
3. When that failed, I thought I could predict, using "fancy mathematical algorithms".
4. I became your profits provider.
My newbie day trading experience today (2023 - ):
1. I now know what I don't know.
2. I now know my indicators and fancy maths are worthless.
3. I am now doing a lot better, in paper (demo) trades.
1. I was clueless. I didn't know what I didn't know.
2. I thought indicators would lead me to the pot of gold at the end of the rainbow.
3. When that failed, I thought I could predict, using "fancy mathematical algorithms".
4. I became your profits provider.
My newbie day trading experience today (2023 - ):
1. I now know what I don't know.
2. I now know my indicators and fancy maths are worthless.
3. I am now doing a lot better, in paper (demo) trades.
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Where is the windows key? i can't find it, on my MacBook Pro.
I really hope you turn it around..You are one of the few guys who admit that they arent profitable....yet
Have you read "Best Loser Wins"??
Have you read "Best Loser Wins"??
except for the fact that basketball is physical and trading is not I think there is an analogy between the two. 99.99% of all high school basketball players do not make it professionally, a similar failure rate is also bantered around for newbie traders. Successful basketball players and successful traders must have some form of true talent, which can be observed, measured, is dependable, is extremely rare and is not transferable.