Why do traders fail?

[padutrader]

if you really want to make some money trading

yes but i want to make it my way....this is only possible in this business..you can trade the way YOU want.
i am in front of computer 24 hours a day so i want to be making money all that time...they say be patient...but why should i be? there is opportunity all the time

 

[padutrader]

in anything you have to learn the rubbish first...and in trading there is a lot of rubbish to learn.

very few survive that phase because the market does not tolerate ignorance and capital is usually a limited commodity.

you will not know that you are holding a diamond in your hand until you have held shit.

no trader fails...they drop out....they give up learning either because they find it is too hard or because they run out of finances.

 

[padutrader]

market price movement is a simple one:
the basic movement is two legs.....this happens on all time frames and inside time frames.
after two legs is completed that becomes [or should be taken as,] one leg, and so after a correction,to the before mentioned two legs movement, the second leg will start, which will be as long in price or time,as the first two legs.

so each 2 leg move becomes bigger and bigger with the counter trend move becoming longer

this continues and that is why trends last and last until it just blows itself out

to see it on historical charts charts, is the easiest task.

To see it happening on live charts,usually takes considerably longer, and is genius.

To trade it is master class trading.

 

[padutrader]

market price movement is a simple one:
the basic movement is two legs.....this happens on all time frames and inside time frames.

I must mention that i learnt this from Al Brooks: i could not see it real time and so i lost money trying to see it for ten years;

that is not Al's fault and i thank him for his book;thank you is such an inadequate word but that is the only way i can thank him.

Today not only do i see it in real time but i trade it in real time.

i hope to meet Al personally one day- though i know he is not easy man to meet.

to all those who say you cannot trade 5 min or day trade....all i can say is that every movement of market is predictable and it is easy to know whether to buy or sell, if you understand this basic market movement.It took me ten years to do it...

 

[lisa-world-travel]

Learning from your losses. I mean, really learning. Not just "noticing" something. If you can keep learning, you can keep improving. The trick is sticking to the rules you built from the learning process.

I noted in my journal that I'm entirely convinced the great traders don't have a special intelligence but rather a special ability to learn from their mistakes in earnestness where the rest of us don't.

What if they have both?

 

[lisa-world-travel]

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

Because they stopped being a kid with a pencil and ruler?

 

[lisa-world-travel]

That there is the exact reason why losers fail.
You get from the markets what you expect.
Surround yourself with positive people and positive thoughts.

I thought that was the exact reason why winners fail.
Only a small %
Tried that at a spiritual gathering in pure Nature, didn't work.

 

[TommyR]

they fail because balances can go negative if margin positive. think about its risky.

 

[TommyR]

banks need to hold a lot more tier one capital in case something goes wrong. they should be charged a lot to borrow and heavily penalised if it goes below this level

 

[Justrade]

Because they want to be RIGHT more than they want to make $$$