Why do traders fail?

[moneymakers]

Traders fail:

Not from lack of capital

It's greed and get addicted to gambling and no risk management. Ask any poker players. majority of gamblers lose. they will some and lose some.

Traders don't care about making 25% return on their capital in a year. They get greed and want to make 25% return on their capital in a week.

 

[flashtrader777]

Quote from moneymakers:

Traders fail:

Not from lack of capital

It's greed and get addicted to gambling and no risk management. Ask any poker players. majority of gamblers lose. they will some and lose some.

Traders don't care about making 25% return on their capital in a year. They get greed and want to make 25% return on their capital in a week.

Risk management is absolutely it.

Unfortunately, many traders fall into the mindset that they're missing out on gains if they're not using the max leverage available. This couldn't be further from the truth. When using max leverage they're actually working against themselves and gambling away their capital.

You have to look at in the sense that risk exposure is the number 1 thing traders fall from.

 

[WhiteOut56]

What a bunch of foolish comments. Risk management is NOT the reason. It's simply because they don't have a damn EDGE!

 

[TrendPlayer]

they fail because of lack of discipline

 

[WhiteOut56]

Quote from TrendPlayer:

they fail because of lack of discipline

Add this to the list of foolish comments. It's because they don't have an edge. Having the best discipline on a strategy that simply doesn't have an positive expectancy ain't gonna do you any good

 

[OverDriven]

Why is everyone on this forum seemingly convinced that trading is gambling? Why are you trading if you think that? If it really is gambling then no amount of "risk management" is going to help you win. It will only prolong the time before you lose.

If you really view market movements as random then you simply do not understand the forces that move the market, and that is why many traders lose.