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    Forums ›› Trading for a Living ›› Psychology ›› Why are you a losing trader?  

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Because I believe someday I will be very rich 1 4.35%
Because I threw away everything else in my life to trade and be rich 1 4.35%
Because I assumed the effort would some day pay off 2 8.70%
Because I'm addicted 2 8.70%
Because I get easily distracted on Elite Trader 6 26.09%
Because I'm poor 0 0%
Because I have no education 1 4.35%
Because I suck (choose this one) 10 43.48%
Total: 23 votes 100%
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tenthousandmen
 

Registered: Dec 2011
Posts: 728

 

07-04-12 05:03 PM

I thought I would take a sample of the one star thread voters, cheers. (note-serious poll here)

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clearinghouse
 

Registered: Aug 2010
Posts: 572

 

07-04-12 05:12 PM

Because when the 20-MA crossed the MACD under an ass-face pattern in a market crash, I went long. I just don't understand why the 20-MA crossing the MACD under ass-face failed, it worked every time in those books. The market is rigged by the illuminati and Oprah, man.

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vinc
 

Registered: May 2007
Posts: 246

 

07-04-12 07:04 PM

The answer is simple - people lose because they are biased and it's just perfectly normal. They see what they want to see , they look for stuff that's not there , they 'see' things that don't exist and look for 'evidence' to support their biased approach. They keep trading because 10 years ago they won some. Countless of reasons - simplified heuristics , they heard stories, they look for similarities that are absent, they follow subjective TA / more like a cult /, etc,etc,etc.. The most important is they stay away from OBJECTIVITY and that takes its toll mercilessly.. On a more positive note, if you lose - no need to see a shrink as you are perfectly normal
Three ways to win / at least not to lose /:
1) being abnormal
2) being lucky
3) staying objective / following scientific methodology/

Amen bothers & sisters

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jnbadger
 

Registered: Nov 2004
Posts: 1482

 

07-04-12 08:31 PM


Quote from clearinghouse:

Because when the 20-MA crossed the MACD under an ass-face pattern in a market crash, I went long. I just don't understand why the 20-MA crossing the MACD under ass-face failed, it worked every time in those books. The market is rigged by the illuminati and Oprah, man.




Oprah? I knew it. Dammit.

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HATEtheRisk
 

Registered: Aug 2011
Posts: 1587

 

07-09-12 08:48 PM

Because i am stupid shit.

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bat1
 

Registered: Jan 2008
Posts: 521

 

07-13-12 12:20 PM

To much Internet porn killed my trading

And I'm for real

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