Why do traders fail?

market-boss said:
Many books teach how to trade which is good.
More...
i read 100s of books article....said bye bye to my money and blew more accounts than all the terrorists' bombs....

then i said let me just observe the market....bull's eye.

so read a few books...that is necessary...but then forget everything you learnt and observe the market.
you do not think, analyse the car movements in front of you while driving...you think of your girl friend or loved one and drive...without thinking automatically.

so learn a few things the basics....observe the market, and then trade automatically.
 
the same reason i Failed

i read elliot wave fib...Demark indicators support resistance...

did not observe the market

if there is a strong upmove, the down move when it happens will be strong.....then the next upmove may be likely strong...if it is not strong then the down move after this will also not be strong..the lengths of the moves, of course may not be, the same
 
i just do not think they trade technically enough.....which will help in getting the stops in the right place.
they get stuck in one system one trading idea without broadening their knowledge.
And they just do not prepare their trades...they just do not work hard enough to find their trades
 
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they trade longer that they can foresee sometimes. Getting in on a trade on instinct and analysis which is actually an edge but letting it ride into the sunset of random chance.
 
I've been short on this market for a while and making money. My ego isn't big enough to bet against growth stocks, I mostly sell trash with accounting scandals, litigation, deceptive marketing, etc.

But I certainly do know a few traders who ARE betting against growth. They were very active in the trading chats bragging about profits in Dec of last year, but I have not heard from them since February.
 
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