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hkrahra
 

Registered: Dec 2011
Posts: 383

 

02-02-12 05:18 AM

...like to fade moves.Am i correct with the approx numbers?In other words,''they are 95% who fade moves''.

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slumdog
 

Registered: Jan 2012
Posts: 137

 

02-02-12 05:33 AM


Quote from hkrahra:

...like to fade moves.Am i correct with the approx numbers?In other words,''they are 95% who fade moves''.



Hard to say what the numbers are, catching knives is a common failing, but so is getting on board too late after a news event only to see things reverse.

But the biggest reason why traders fail is supposedly bad exits, not always bad entries, wether they are trend following or fading, traders dont cut every loss with the discipline that is required.

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hkrahra
 

Registered: Dec 2011
Posts: 383

 

02-02-12 05:47 AM


Quote from slumdog:

Hard to say what the numbers are, catching knives is a common failing, but so is getting on board too late after a news event only to see things reverse.

But the biggest reason why traders fail is supposedly bad exits, not always bad entries, wether they are trend following or fading, traders dont cut every loss with the discipline that is required.



But i believe that there is a statistic out there,that the vast majority of failurs are indeed faders and catchers.

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Wide Tailz
 

Registered: Sep 2011
Posts: 1519

 

02-02-12 06:56 PM


Quote from slumdog:


But the biggest reason why traders fail is supposedly bad exits, not always bad entries



+++

Totally agree. Another reason is focusing on how much money they can make, rather than minimizing how much they may lose on any given trade.

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