Why do traders fail?

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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Ed is really on the mark.

Failure is a symptom and its consequence is cast in concrete.

this is irreversable because the mind was destroyed through decision making that lead to a belief system.

Doom is a great word.

A person's mindset dooms him right down to dust.
 
Quote from Sergio77:

Hope instead of knowledge and wishful thinking instead of concrete analysis are the major causes of failure. Next lack of sufficient capital for the job.
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A person can start with nothing (very little money) and be successful wery quickly.

reading three or four paragraphs on the 27 months william J O'neill spent starting from scratch is a magnificent read.

Read Darvas chapter nine.

How does the beginner doom himself permanently?

most readers can just take a look at themselves since they are headed to the exit. straight to the exit.
 
Here is an interesting article


What Are the Pros and Cons of Day Trading?

http://www.foxbusiness.com/investing/2012/03/28/what-are-pros-and-cons-day-trading/



o9pdh0.jpg





Higher Education is the key to become a successful trader! Higher Education



Either small trader reload their account to become a loser or relearn at a higher education university to become a successful trader



Reload or Relearn




More than 90% of small traders lose! They just lose!
 
Quote from emg:

Here is an interesting article


What Are the Pros and Cons of Day Trading?

http://www.foxbusiness.com/investing/2012/03/28/what-are-pros-and-cons-day-trading/



o9pdh0.jpg





Higher Education is the key to become a successful trader! Higher Education

Which schools/universities teach trading? How much is the cost? Is the cost comparable to what someone would possibly lose trying to learn on their own? My education in option trading has been orders of magnitude cheaper than a university and I'm making money. My case does not represent all, but I don't think school is the only answer to making a good trader in my opinion. I don't disagree though, one needs to learn how to trade but higher education schools/universities may be a double wammy (the cost to go possibly not turning profit after you finish).



Either small trader reload their account to become a loser or relearn at a higher education university to become a successful trader



Reload or Relearn




More than 90% of small traders lose! They just lose!
More...
 
Quote from emg:

Here is an interesting article


What Are the Pros and Cons of Day Trading?

http://www.foxbusiness.com/investing/2012/03/28/what-are-pros-and-cons-day-trading/



o9pdh0.jpg





Higher Education is the key to become a successful trader! Higher Education



Either small trader reload their account to become a loser or relearn at a higher education university to become a successful trader



Reload or Relearn




More than 90% of small traders lose! They just lose!
More...

Which schools/universities teach trading? How much is the cost? Is the cost comparable to what someone would possibly lose trying to learn on their own? My education in option trading has been orders of magnitude cheaper than a university and I'm making money. My case does not represent all, but I don't think school is the only answer to making a good trader in my opinion. I don't disagree though, one needs to learn how to trade but higher education schools/universities may be a double wammy (the cost to go possibly not turning profit after you finish).
 
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