If one has trouble even meeting expenses for nine years, it adds up.
Why do traders fail?
- Thread starter Tradester123
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If one has trouble even meeting expenses for nine years, it adds up.
this is interesting dbphoenix.
I remember discussing with someone about what trading returns he would feel is very easy and not worth getting out of bed for.
I remember discussing with someone about what trading returns he would feel is very easy and not worth getting out of bed for.
I even know some people who are deeply in debt DUE to trading...
In debt I can understand. As deep losses can occur in one day.
But over NINE years .????
But over NINE years .????
I now wonder if one big reason is also gains expectations.
No, they went in debt gradually, cause never made any money trading and were actually slowly losing.
They'd have been better off going demo.
Now, I am starting to understand this prop firm that was getting all traders on demo for up to 4 years if not more.
I am also thinking that it is important to determine profit expectations for say one year.
Now the question would be to go for the easy target, or one that stretches?
Now the question would be to go for the easy target, or one that stretches?
Try twenty. People use margin, heavily, they fund their accounts with credit cards, they take out second mortgages. Granted the line between a large, weak ego and an addiction is fuzzy, and cognitive dissonance plays a role, but, yes.