Why do traders fail?

sillyw10 said:
it is a big part of it..but there are other parts also..no experience..naive..bit slow..lazy..easily led..and so on..but I have to agree..a dumb ass trader with good risk management can make money..once he keeps his bets small and learns from his mistakes..adjusting his entries and exits until he is happy he now knows what trading is all about.. identifying low risk entries and never betting the farm!
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it depends where you want to go:do you want to be dumb ass trader who makes some money or do you want to be a perfect trader who wants to make tons of money?

Like i want to make?

but i was, and still am,prepared to study and to lose a truck load of money, to make tens of truck loads of money.....i lost money for ten years.

yes! ten years ,blown about 80 live accounts,all for that goal.

they told me it was impossible: to make 100% a day, day after day,without a single loss.

I believe i can do it and i am prepared to work for it.

Because I believe that markets do not play with dice

all because i want to make trades like this one in the chart below

Because i believe....that i am tradergod
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padutrader said:
it is a nice dream of mine
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if you really want to make some money trading then you need a solid plan..which involves adequate cash.. adequate market/s..tested approach with a little sim then live trading with small size at first..if one has all this then 6 months to 1 year should suffice..providing the person sticks to the plan and does not do silly and foolish things like trading just for the sake of it..and risking too much on any one trade!
 
sillyw10 said:
if you really want to make some money trading then you need a solid plan..which involves adequate cash.. adequate market/s..tested approach with a little sim then live trading with small size at first..if one has all this then 6 months to 1 year should suffice..providing the person sticks to the plan and does not do silly and foolish things like trading just for the sake of it..and risking too much on any one trade!
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i am not meant to be a trader....but las vegas is illegal in India so i think i am just ....gambling

thanks i really appreciate you trying to show me the way...it is really sweet and kind of you....i takes a lot of effort to post.
i hope you follow your own advice and you make money and live a good life
 
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padutrader said:
i am not meant to be a trader....but las vegas is illegal in India so i think i am just ....gambling

thanks i really appreciate you trying to show me the way...it is really sweet and kind of you....i takes a lot of effort to post.
i hope you follow your own advice and you make money and live a good life
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no matter what you trade it is wise to look at the big picture..set your rules based on the bar charts..do not break the rules for any reason..the tricky but is timing the entry to give you a low risk trade..which is easier to do by using multiple charts

Screenshot_2019-04-08-15-47-56-487_net.metaquotes.metatrader5.png


Screenshot_2019-04-08-15-47-20-778_net.metaquotes.metatrader5.png
 
i think what i am trying to say is that traders know their stuff but where they fail is that they do not back themselves they do not trust themselves.

this is the most difficult thing to do in trading because the market is always trying to make you change your mind and if you have even the tiniest of self doubt, it will expose your weakness
 
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