Why Do People Trade when the Failure Rate is So High?

Quote from Don Bright:

Why do people start any business when 90% fail? At least there is no "franchise" fee, long term leases, or employees to deal with.

No "promises of big money" from me...only the above mentioned "low barrier to entry" - and where else can you borrow a $million every day for free.

I'm sure glad that Bob and I got involved back in the 1970's (on the trader side of the business). Entrepreneurship is still viable in the world.

IMO,

Don
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Very true, where else can you borrow that kind of cash with a minimum 25K investment.
 
Quote from Don Bright:

Why do people start any business when 90% fail? At least there is no "franchise" fee, long term leases, or employees to deal with.

No "promises of big money" from me...only the above mentioned "low barrier to entry" - and where else can you borrow a $million every day for free.

I'm sure glad that Bob and I got involved back in the 1970's (on the trader side of the business). Entrepreneurship is still viable in the world.

IMO,

Don
More...

Ok then Don, should the general public be allowed to trade without training or certification?
 
For the same reason those tens of thousands of people trugged thru the snow for a thousand miles in search of gold. You alway think you can defy the odds. Thats the nature of the ego.
 
Quote from stockgirl:

If +90% of people fail at trading then why would anyone risk trading any type of investment vehicle when the odds are stacked against the average retail investor?

Also, should retail investors be allowed to trade stocks without some type of certification or training?
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They trade because the alternative is to work for someone else.

RoughTrader
 
Quote from stockgirl:

If +90% of people fail at trading then why would anyone risk trading any type of investment vehicle when the odds are stacked against the average retail investor?

Also, should retail investors be allowed to trade stocks without some type of certification or training?
More...

Why do 90% of small businesses fail? Lack of a good business plan ... poor marketing ... undercapitalized ... poor service ...

Traders lose for some of the same reasons ... undercapitalized ... lack of discipline ... poor money management skills ... poor work ethic ...

Why are people allowed to go to Vegas and lose $$$? With your logic they should take some training in how to play blackjack or any other "game" they want to play. Why are people allowed to buy lottery tickets week after week? It's a choice ...
 
Quote from RoughTrader:

They trade because the alternative is to work for someone else.

RoughTrader
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yep 15 years of corporate politics was enough for me, i refuse to go back to that crap...
 
Quote from stockgirl:

Ok then Don, should the general public be allowed to trade?
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No, it should be illegal. Free markets should be abolished.We should have a planned economy governed by people like Bush, Pelosi, Kennedy, Clintons, Soros, Buffet and other lefty assholes.

P.S. What a stupid question.
 
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