Why do traders fail?

Ammo.
Anyone who plays golf is a golfer.
Few make it to the professional level.
It takes a lot of money,great guidance,mental discipline, and an indomitable will to succeed and only those that have exceptional physical talent join the ranks of those considered "the best".
That doesn't stop the rest of us from enjoying the game of flog and accepting our limits.
TRADING IS NO DIFFERENT.
 
Quote from heypa:

Ammo.
Anyone who plays golf is a golfer.
Few make it to the professional level.
It takes a lot of money,great guidance,mental discipline, and an indomitable will to succeed and only those that have exceptional physical talent join the ranks of those considered "the best".
That doesn't stop the rest of us from enjoying the game of flog and accepting our limits.
TRADING IS NO DIFFERENT.
More...
being a flop in golf is still worth the green fees,not so in trading.maybe i'm a flogger but i'm no golfer,do enjoy the game though,just those 3 or 4 good shots per round.. heypa, i think you coined a new word for the majority of golfers
 
Not me. My son did. He uses flogger as his internet I.D. He had most of the skills to be a very good flogger except for one. Putting. You see the line or you don't. It's a very difficult thing for some to do. I believe innate not learned if a high skill level is desired.We all have our limits.
Good flogging to you as well as trading.
 
It seems clear to me that people fail because they approach speculation the wrong way. Most people like to learn the how's (methods, techniques). I like to learn the why's. It seems logical to me that if you know the why's, the how's are easy.
 
Traders fail because of their poor mindset because of which they trade with emotional mind rather than being intellectual enough while trading.
 
A person fails at trading..., because it is not within them to do other wise

EVERY thing else is purely a symptom of this


RN
 
Quote from Redneck:

A person fails at trading..., because it is not within them to do other wise

EVERY thing else is purely a symptom of this


RN
More...

I agree. Ed Seykota said "A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do." I have found this to be true again and again and again over the years. Few traders want to win. If the rest really wanted to win, they'd do whatever was necessary to win. Instead they search for excuses for their failures and whine themselves away into an early decline. Just read these threads.
 
Quote from dbphoenix:

I agree. Ed Seykota said "A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That�s the kind of thing winning traders do." I have found this to be true again and again and again over the years. Few traders want to win. If the rest really wanted to win, they'd do whatever was necessary to win. Instead they search for excuses for their failures and whine themselves away into an early decline. Just read these threads.
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could not agree more.
 
Quote from dbphoenix:

I agree. Ed Seykota said "A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do." I have found this to be true again and again and again over the years. Few traders want to win. If the rest really wanted to win, they'd do whatever was necessary to win. Instead they search for excuses for their failures and whine themselves away into an early decline. Just read these threads.
More...

+1
it is,particularly, whiners with short fuses who respond with personal attacks. it is a fatal combination.
 
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