Why do traders fail?

[Specterx]

Traders fail because every dollar you make has to come from somebody else's pocket. It's like asking why most people fail to become championship-level players in golf, tennis, chess, poker, video games, or anything else.

Retail traders specifically also face many structural disadvantages: relatively high commissions, little or no practical support, typically not in a team environment, access to only basic public information and data, lack of quality infrastructure, etc. On the other hand retails are nimble and flexible, able to move in and out of positions with a click. When you come down to it that's our only true edge.

 

[fibo_trader]

Many books teach how to trade which is good.
but one thing is why do traders fail?



So to be a 'successful trader" don't do what make traders fail.

1. Don't gamble in the market and don't overleverage.
2. Never average down.
3. letting losses rise and not taking profits or exiting losers fast enough.
4. GREED. wanting to make 10,000% annual returns.
5. and no trading plan. I mean if you make 3 trades in a row and all are losers, you don't have a plan. or have 10 trades and all ten are losers.? worse than casino 100% chance of losing.

90% of the stocks are univestable and scams in the OTC market and Nasdaq. 90% of the losing investors buy the 90% worthless scam stock

Traders trying to trade daily in an untradeable market or security or stock. ie no volume and no momentum, no catalyst. your trading against the AI 'machines' and market makers. no fish in a dead water to catch.

Many books teach how to trade which is good.
but one thing is why do traders fail?

American democracy was created from studying past states from the past and reason for state failure.
1. one man rule, one guy dies and the state fails and falls into chaos and war.
The American constitution is working as it was intended to. to prevent a country to fall to martial law and fascism and where Trump declares himself emperor like napoleon and ceasar. who one man has total control the army, police, and big business and the mafia. and the crime syndicates ie street gangs.


So to be a 'successful trader" don't do what make traders fail.

1. Don't gamble in the market and don't overleverage.
2. Never average down.
3. letting losses rise and not taking profits or exiting losers fast enough.
4. GREED. wanting to make 10,000% annual returns.
5. and no trading plan. I mean if you make 3 trades in a row and all are losers, you don't have a plan. or have 10 trades and all ten are losers.? worse than casino 100% chance of losing.

90% of the stocks are univestable and scams in the OTC market and Nasdaq. 90% of the losing investors buy the 90% worthless scam stock

Traders trying to trade daily in an untradeable market or security or stock. ie no volume and no momentum, no catalyst. your trading against the AI 'machines' and market makers. no fish in a dead water to catch.

>>>> why do traders fail? <<<<<

Because trading is the hardest thing you can imagine. Were it easy the entire business setup of the world would fail as nobody would go to office to work, they would stay home and trade.

We can’t be having that now, can we?

 

[volpri]

And here is what happened. These snapshots taken between 12:30 and 12:39 Central Time

60 min sailed south ...no PB yet but should be forthcoming soon




30 min PB sailed south...also overlapping bars may get another leg down ..so far no real strength shows in the PB




15 min chart ..sailed south ...some sideways action ..multiple tops..overlapping bars....may get a trap up move then downtrend continues...heads up for trap up..still shows weakness. less of a chance for a reversal but could happen.





10 min chart..sailed south...tight channel down is morphing into a range...tactic short top cover at bottom..long at bottom exit at top over and over until BO (most likely down) occurs. But the longer the range goes on less influence of the big move down and may see a reversal. But what is likely is a trap up move then more downside. but in meantime I would trade evolving range.






5 min chart...sailed south...we got us a bonafide range now.. Use tactic of 10 min chart..short and top cover at bottom long at bottom exit at top. Because of the extreme push down all morning I would not average down in bottom third with long postions but I would have no problem averaging in at top of the range with shorts and more shorts as price wen against me. I would be betting it would go back down into the range. Wide may see a long trap on a move above the shorter MA that traps in long traders thinking a reversal is forthcoming. This may well be in the form of a EMA gap north of the EMA. Then suddenly it plunges again after 1:30 central time. If I see a MA gap (on the shorter MA I am shorting and adding to my shorts as it moves against just waiting for the 1:30 to 3:15 possible plunge. But if this doesn't happen and we get a reversal on this chart I would dump my longs double up and take positions in the opposite direction.




1 min chart sailed south too...long range starting around 10:45 central time. Multi leg range..I would be shorting top adding to losing positions and cobering at the bottom. I also would be going long at the bottom adding to losing position and exiting at the top. Several of these trades could be intraday day swing trades of 2 or more legs. I would be betting price will reverse into the range. Of course there will come a BO. On this chart it could be either way 50/50 chance. I would just be ready and act accordingly.




Bottom line price went south on all the charts I showed earlier. As I figured it would because PA favored that move that sort of move on all the charts.

Hope these strategies and tactics help someone..???? if not I guess I'll go back to fun post and joshing around...…….with my foolish jesting to pass time away.

 

[volpri]

Made some more screen shots in last 5 min before close. will post later tonight and make comments.

 

[themickey]

Mickey are you saying we can create our reality and drive the market with our thoughts? Or our thinking drives us to align ourselves with what the market is doing? That success in the markets or success in anything else is connected to our thoughts? The power of thoughts? Stinkin thinking leads to stinkin results? Metaphysical theory?

We cannot drive anything but ourselves, so no, we cannot drive the markets with our thoughts.
People who think negatively will see problems in opportunities while Positive people will see opportunities in challenges, with a rainbow negative people see rain instead of the sunshine.
It is very difficult to make headway when frozen by headwinds in your brain.
Ironchef says:

Most fail when their luck runs out.
I am lucky I bet with the bull market starting in 2010. I will fail as a trader when the bull market ends. I am just not smart enough to know when the bull ends and the bear starts.

If you believe you will fail and think like this on a regular basis it will come to fruition.
It is imo not hard to know when a bullmarket will end, there are signs leading to it. Now we may not know several weeks or months ahead, but as price evolves it unfolds before our eyes, it is not difficult to position yourself in time to reap the benefits.
If a person calls himself 'stupid' he will be stupid.
If parents keep yelling at their kids they are stupid I cannot see how it builds confidence and balanced wellbeing in the child's developing brain.
If one practices in any endeavour you should get a result and thinking is no different.

 

[CSEtrader]

In India,once a trade is confirmed by the broker, you may check online with the exchange and see if your trade was actually executed in the exchange records....i am not sure this can be done in others countries but you can check:if that is true you can even now get proof of fraud by checking with the exchange

Not in the Bahamas. I pointed something here
https://www.elitetrader.com/et/thre...ed-what-to-do-next.321707/page-5#post-4676041
And with your permission will answer more on my thread, quoting your post, because it looks go far away from the OP's topics. Essentially, the luck of executions on the exchanges is certainly another reason why traders fails - they never really tested market and are getting this artificial, cruel oppressive caricature of what their trading suppose to be. been there, very painful.

 

[Handle123]

People quit a job to do this and not have fallback. They thinking too much about the money. Too many can't program asking others for slaves to do their imaginary systems, can't afford the data and have enough knowledge to be dangerous.

Come one and come all to most difficult game on the planet. You against You.

 

[volpri]

If someone held a pistol to your head while you were at your computer trading and said “take a position right now. If you are correct over the next 30 minutes in your choice of the market forthcoming direction I will let you live. But if you are wrong you will die.”

Now suppose this was all the info you had on your computer and it is a 5 min chart with a 20 ema and a 89 sma. Which direction would you pick and why? Long or short?

 

[SESSIONS]

Trading is as difficult as the trader makes it. Simplicity is key. By simplicity I mean cut your losers quickly and take profit on winning trades. The most common reason for failure is placing far too much confidence in indicators of all sort. Having success in trading doesn't make you a genius. The trader who seems to make profitable trades more often than not isn't doing anything special. He or she has no magic wand or sure to make you rich indicator. What thst trader employs is a simple approach. Avoid losing big like the plague. And do not attempt to make a fortune in a single trade.

 

[themickey]

If someone held a pistol to your head while you were at your computer trading and said “take a position right now. If you are correct over the next 30 minutes in your choice of the market forthcoming direction I will let you live. But if you are wrong you will die.”

Now suppose this was all the info you had on your computer and it is a 5 min chart with a 20 ema and a 89 sma. Which direction would you pick and why? Long or short?

View attachment 199455

Short.
That's what PA is indicating