Why do traders fail?

CSEtrader said:
With all goods posts on this thread and sound points, I believe missed only one for now - lack of support.
The novice trader can experience pressing from his family and social environment form one side and from another been scammed by certain brokers and other service providers.
What is still puzzling me is the lack of support even here on Et - only a few, members are really ready to help and advise.
For instance this thread https://www.elitetrader.com/et/threads/exante-exante-eu-is-a-scam.325080/page-3 or my own.
This is strange for me, I still see, all of us, retail-ex-amateur traders as a large tribe of likeminded persons and hope that support will grow, as it was on the floors times ago.
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broker scams are relatively rare.......if the broker is regulated by major regulators like USA or England. the advantage nowadays is that you can choose a broker regulated in any country of your choice....
 
Overnight said:
BULLSHIT! All the homework in the world will not save you from a shock event! Do you actually trade? The frak!
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shock event by definition are rare...
and if you do your home work it will save you from even a shock event.
when 9/11 happened i had stock of Dr Reddy labs,a Indian company.
all markets in the world fell 30%to 70%.....Dr Reddy laboratories fell 2 %
 
padutrader said:
shock event by definition are rare...
and if you do your home work it will save you from even a shock event.
when 9/11 happened i had stock of Dr Reddy labs,a Indian company.
all markets in the world fell 30%to 70%.....Dr Reddy laboratories fell 2 %
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With insights like that, you should be printing money. :thumbsup::thumbsup::thumbsup:
 
volpri said:
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
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why would he play such a sadistic game. no matter if you get it right he will kill you. cos only a psycho would point a gun and enjoy the trader squirming in his seat for next 30 mins.
 
volpri said:
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?
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Your hypothetical question requires a hypothetical answer: what if I could take the gun and shoot him/her/it?

I only trade when I have a signal generated by my "system". And I never heard of anybody who was forced to take a trade as somebody was pointing at him with a gun. Questions should be realistic if not it is a waste of time as you try to solve a problem that will never exist. It is already difficult enough for 99% to struggle the real problems, they don't need extra ones.
 
schweiz said:
Your hypothetical question requires a hypothetical answer: what if I could take the gun and shoot him/her/it?

I only trade when I have a signal generated by my "system". And I never heard of anybody who was forced to take a trade as somebody was pointing at him with a gun. Questions should be realistic if not it is a waste of time as you try to solve a problem that will never exist. It is already difficult enough for 99% to struggle the real problems, they don't need extra ones.
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THE QUESTION WAS:Which direction would you pick and why? Long or short?
 
padutrader said:
THE QUESTION WAS:Which direction would you pick and why? Long or short?
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You clearly don't understand my answer.

He might as well use an other argument instead of a gun pointed at you, like these:
  • if it would be freezing
  • if your father in law was home
  • if Trump was tweeting
  • if you drive a BMW
  • if you have grey hair
  • if you are 27
  • etc...
The gun argument is completely irrelevant as it has nothing to do with real trading. If it would be part of your trading you should review your system.

My answer would be: I only follow my signals, so none of the indicators there were posted and a gun pointing at me is also no part of my system.

The only people who can respond correctly are those who use a 5 min chart with a 20 ema and a 89 sma, and only trade when a gun is pointed at them. Because that were the conditions. Under these conditions both, long ans short can be profitable.I don't know anynobody who fulfills all these condtions.

With a 20 ema and a 89 sma both, long and short can be profitable.
 
they don't its a dramtically over emphasized hoax by failures and brokers. as usual they are looking for money by illegal methods since they are personally incompetent and worthless. brokers of course justify their crookedness saying it's dangerous. on the other side there is buffett who thinks you are all indiots but i would ask how exactly is it difficult to lose more than 5% buying and selling randomly, are spreads so high, did u not advocate doing nothing unless you are allowing very strange rules on logS=lamda/ds where lambda is leverage. so i would not be particularly scared about losing your house if u exchange some dollars for something else and back again its not really very alarming. do it.
 
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