Why Traders Lose

[sandp500trader]

Allright. Let's do it. Good natured and fun. Just whatever you post, I'll do the exact opposite.

 

[smallfil]

I'm not talking about flipping positions. I'm talking about doing the opposite of what the other 99% who all lose are doing. 99% are trading chart patterns, and using a 3 to 1 target to stop. Why not flip it. Why not trade the anti pattern, and use a 1 to 3 target to stop. I understand that the 99% will quickly tell you how this won't work, and all the gurus will quickly tell you this won't work, and they'll continue trading and losing money. The question is, would you rather make money, or lose money?

Why reinvent the wheel? So what if a chart pattern wins only 50%? That is enough. I win 40% of my trades and it is enough to give me an edge. If you manage your losses and keep it small, it won't matter. One trade is just one small trade in a sea of hundreds of trades. Of course, everyone wants to make monies but, all of us have common sense but, do not use it? If you got into a trade and expect the stock to go up but, it is going down instead, you are wrong! Get out and save your capital! Yet, the trader will hang on because they cannot accept that they are wrong!

 

[deaddog]

Allright. Let's do it. Good natured and fun. Just whatever you post, I'll do the exact opposite.

Go ahead , start a new tread, Call it whatever you'd like. Let me know and I'll post a trade for Monday.

 

[sandp500trader]

Okay, I started it. It's called opposite you.. and anyone can participate. Again, this is just for fun and I hope it stays good natured. Not attempting to call anyone out, just testing the if 99% lose, then why not take the opposite theory.

This should be interesting.