Why do newbies lose?

Investor here...Not a day trader.

Read and understand a balance sheet. A two day seminar (charge $200. +) would be real good. Also talk about defined benefits/benefits (stock options), and how the number of employees effect a balance/profit and loss statement.

I know a semester of college could do this...But a two day intensive course could also do it. Debt to income ratios...Do you think new traders have any idea what they mean??
 
mason macgregorson said:
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.
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Superfluous.
 
SimpleMeLike said:
Good Morning ninZa.co,

Good question.

As a losing discretionary manual trader, I have not figured out yet why I am a losing trader. I will respond back when I find out.

I think has something to do with needing more experience trading. And that takes time.

I don't know.
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wait for a trend like this-i waited all day- it will come....the idea is is wait for a kill like a lioness.........enter on a any buy signal.....i entered on a double bottom :a micro DB as Brooks says; i entered on the second inside bar: if you have sharp eyes you can see the horizontal small trend line i drew at entry .entered by a sell stop
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Darc said:
Most people here are Day Traders particularly of the ES aren't they? So poor Entries, Exits or Risk Management is the obvious answer - lack of good knowledge and experience.


"the market has to convince traders that the trend has ended ....for the trend to continue"

Can you explain that please Padu. Are you saying that the Big Players are trying to Shakeout the rest before continuing the Trend, or did you make a typing mistake? Thanks.
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in hind sight everything is 6/6........

what is clear is that in a up trend , sell signals, 'fail' or are just 'corrections' .

big players do not 'shakeout' anybody......they do not have to do that . they understand the market better.
and big players do not have to actively manipulate the market. if they stay out and do not buy, markets will fall.
 
SimpleMeLike said:
Hello padutrader,

I do not know my friend.
I do not know nothing about manually discretionary day trading.

I am not being funny at all, but I do not know nothing about manually discretionary day trading.

Therefore, I say nothing and have no advice about manually discretionary day trading to anyone.

I just know I am inconsistent from making money as a manually discretionary day trading for whatever reason. And if I feel that if I can not prove I am a consistent profit able day trading with tax returns and broker statements to prove it, I should shut up giving other traders other advice or comments.
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what is day trading?it need not be 100 trades a day.

one trade a day is also day trading.
i am not advising anybody ...i am talking about my personal experience,
 
mason macgregorson said:
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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i have personal experience in trading and golf for over 30 years . in both more money is made in teaching than in practicing the actual thing.
i suspect even in business it is the same.
this is my observation.
i am tempted to say, in my personal experience, that to make money in short term trading is impossible........but i still even after 30 years of trying....... dream of being a fantastic trader and golfer.
 
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