Why you struggle if you have 99.99% chances you won't even make a living by trading?

So why struggle ?
Good Question.

In the struggle one finds out things about herself/himself that one never knew before hand.

Some are better strugglers than others...

out of choas comes order and it cyles back again...

such is the process of life..(and death) to new and old ways.

Embrace it and it changes you...to not embrace it means you will never know what could have been..

good Struggles everyone

Best
John
 
Quote from crgarcia:

Why you struggle if you have 99.99% chances you won't even make a living by trading?

True, only one out of thousands gets to be a famous, multimillionaire doctor, CEO, Hollywood actor, sportsman or something.

But most of the rest are at least making a modest living.

Not in trading.
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dont forget there are many who think after say 3-4 years of making money from the mkts, that they are now successful traders, but no one can beat the mkt and eventually one day THEY will take you down. might be 5 might be 10, but they will GET YOU. in the mkts you are forever chasing your own tail, never escaping the downward flow

the smartest guys are the ones who have made their dough , leave the CASINO permanently and dont even fucking look back.
 
Quote from short&naked:

Why take advice from someone who is part of that 95% stat?

Those 95% that fail, over-leverage. PERIOD. Trading itself is really not that difficult.
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true. but man's greed is infinite, you always want more and will never be satisfied...and one day, they get you BIG TIME.

best thing is make your money and leave
 
This 99 % stat is distributed amongst the trader community for the following reasons.

1. Those who are in the 1% (fictitious or otherwise) want to be recognized for it thus creating an ego stroke.

2.Snake oil peddlars want you to beleive you have little or no chance without them. That if you pay them, you will be the exception to the rule.

3.Many just want to spread poison to bring others down (sour grapes) They hate to see others succeed. Our moral fiber is polluted by pessimism.

No such statistic even exists in the first place, trading is just like any other business. Hard work, sacrifice,persistancy, pay off eventually.

Oh yea, ya need a brain too.
 
Quote from wareco:

Welcome to my ever expanding ignore list.
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lol he is the first on my ig list. If he's not a trader then he's a troll posting 3x a day for the past 2 years= 3 less worthless babble posts / day to pass up.
 
I think its possible if you have a mentor helping you trade. The problem is that there are not any real good books or schools for trading like there are for lawyers and doctors.

Also, many people who buy stocks, trade, or whatever do it based on feelings rather than science. For example, Cramer tells them to buy a stock even though his win ratio is 50% or less, so they buy the stock.

Quote from moehonker:

lol he is the first on my ig list. If he's not a trader then he's a troll posting 3x a day for the past 2 years= 3 less worthless babble posts / day to pass up.
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Because we are humans, we have dreams, sometimes if it is too much of dream, other people say it is day dreaming:-)

Actually I applaud for all those who have really tried. Life would be too fucking boring without taking risks.
 
Quote from Masterchanger:

well I think there's a big difference between 1 percent and 5%. The 95% lose figure is more accurate but I guess you were just emphasizing the futility of the attempt. :)

The 5% figure applies to alot of entreprenuerial endeavors and trading is no different. The old 80/20 rule applies as well to the successful ones. 20% of the successful traders make 80% of the profits.
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Again, in other endeavors, the other 80% are at least making a modest living.
 
Quote from Johno:

Re-read the OPs' comments and then think -

Comprehension
Observation
Maths Skills

Because if you hope to ever succeed at trading you will require all of these skills and many more!

P.S. Ditto for auspiv
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This skills will not make a daytrader profitable.

A simple 15 minute math/satistics analysis will tell you that you have the odds against you.
 
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