Why do 95% of traders lose? - Page 2
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Thread: Why do 95% of traders lose?

  1. #11
    I believe I'm qualified to answer for all of the loosers out there.
    We loose because we're the smartest traders in the world and finally the market wises up and does what we want it to.
    I'll be dammed if I let the market make a monkey out of me!
    oo oo ee ee aa aa aa

  2. #12
    Masterfx,

    I have been trading for over 10 years and have discovered that analyzing why I made money has been much more powerful for my development than researching why I lost cash. It is easier to focus on something that works and exercise doing it over and over, rather than preventing the heaps of pitfalls in an attempt to have a right outcome. Studying failure is only going to get you failure in the long run. Studying success brings success.

    The main reason is that there are a virtually infinite number of approaches to lose but a restricted number of approaches to win. The way to get past losses is to focus on what's working, or focusing on doing things the right way. You may say that Edison himself said that he had found 10,000 things that didn't function in producing a light bulb. However, the fact is that Edison was focused on what was functioning in bringing him nearer to completing the bulbs, and also compiling the components in the right method. When Edison used his imaginative mind to create the phonograph, he did it right the first time - the sole invention where he did so.

    In the long run, you are going to get much farther by modeling your behavior after people who are effective than by studying about people who lose and trying not to follow into their patterns. That is why there are no books called Market Duds.

    Quote Originally Posted by ;
    Fxez,

    I disagree, you see understanding WHY so many neglect is the key to being successful!

    Someone won't ever enter the 5 percent without EXPERIENCE of previous mistakes, very good traders are not born overnight, takes time and many failures.

    Here is some questions to think about:
    When a trader experience a reduction, why did it happen?
    Can it be just a part of trading?
    Did the system fail?
    What's the cash management used?
    Did I get the direction wrong?

    You see most traders blow up their account within three months normally.

    So that it does not matter why some fail?

    I beg to differ!!!

  3. #13
    Quote Originally Posted by ;
    I would have included another choice if were creating you poll about why 95% traders neglect.

    Not learning how to subject yourself in trading and life.

    To paraphrase on old adage -
    To waste* is a bad thing to a disciplined mind.

    (*to waste time, effort, sleep, money and skill on unprofitable habits, and disctractions)
    I quite agree. I feel that subject is crucial point. About a decade ago I was employed as a police officer, the compassionate manner stays effective for me personally during gambling.

  4. #14
    Fxez,

    I disagree, you notice understanding WHY so many neglect is the trick to becoming successful!

    A person will never get into the 5% without EXPERIENCE of past mistakes, very good traders are not born overnight, takes some time and many failures.
    ************************************************
    MasterFX
    In fact, there are a variety of studies done in sport which show with no doubt, positive vision has great benefit to an althetes ability to learn new skills. In addition, one needs to concider that fantastic trades don't always win cash; therefore, one might mentally practice if afterward scenarios, but I would be hesitant to call them mistakes.

    I think so many men and women fail because they have inadequate control of their plogical game egy.

  5. #15
    Quote Originally Posted by ;
    ,

    I have been trading for more than 10 years and have found that studying why I made money was much more powerful for my development compared to studying why I lost money. It is a lot easier to concentrate on something which works and exercise doing it over and over, rather than preventing the dozens of drawbacks in an endeavor to have a right outcome. Studying failure is only going to get you failure in the long run. Studying success brings success.

    The main reason is that there are a virtually endless number of approaches to lose but a limited number of approaches to win. The best way to get past losses is to concentrate on what's working, or in focusing on doing things the right way. You may say that Edison himself said that he had found 10,000 things that didn't work in making a light bulb. However, the truth is that Edison was concentrated on what was working in bringing him closer to finishing the light bulb, and also compiling the components in the right manner. And when Edison used his imaginative mind to create the phonograph, he did it right the first time - that the sole innovation where he did this.

    In the long run, you are going to get much further by modeling your behaviour after those that are effective than by learning about those who lose and trying not to follow into their patterns. That's why there are no publiions called Market Duds.
    Fxez,

    I have alot of experience too, I have seen several bad traders in addition to some decent traders through the years, some have been trading combined time with nominal consequences.

    There is a reason why this is the case.
    I've just 1 question what are your monthly returns?

    Or maybe what was your best month in 10 years? Percentage wise?

    And yes I understand you can't measure success with one or two good months, it's over the long haul.

  6. #16
    Where did get the 95% from?
    I mean is there some legit reference for this percentage coz'm trying to loe a place where it affirms that??

  7. #17
    I have been an businessman for gt;30 years.
    I have also Traded for as long.

    Something which is vital in both ventures and that I know each of the other small business men here and likely most of the very long time Traders will agree will be to surround yourself with the best support team in the business.

    As vain as it seems, you have already achieved that part by being here.

    Good luck...
    Song Read = Learn

  8. #18
    Money exchange direction is the start, middle end. It.

  9. #19
    I believe its sort of like if you must ask how much for .... Then you can't afford it

    In-other-words in case you have to ask why the 95 percent (or whatever %) shed, you better find out the answer and do the contrary.... Differently hmmm.

  10. #20
    We will just pretend the 95/5 figure is accurate. I don't think anybody knows for sure, but it's probably in the ballpark, possibly a littlle conservative.

    Quantity of winning traders = number of properly trained traders applying sound egies and following well thought out business plans

    Number of shedding traders = most of the rest - (minus) all people that are learning diligently from the winners.

    Reasons for failing are too numerous to list, though you pinpointed some whoppers in your survey. Along with Kudzu's addition.

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