Huge majority of you here are losers? Agree?

Discussion in 'Chit Chat' started by tangentShot, Dec 17, 2013.

  1. u exaggerate. no more then 99% are losers.
     
    #141     Dec 18, 2013
  2. Here is the percentage of winning/losing traders for various well-known Forex brokers, per quarter.

    As you can see, each quarter 75% of traders are losers, on average, OANDA being the only exception (50% are losers), for reasons I cannot explain.


    [​IMG]
     
    #142     Dec 18, 2013

  3. Oanda allows super piker sizing, which somewhat eliminates fear in trading, could be the reason
     
    #143     Dec 18, 2013
  4. fivaxis

    fivaxis

    I started swing trading in June after not owning any stocks for a few years, Im up 27% for the year.
     
    #144     Dec 18, 2013
  5. Nice data but is survivorship bias taken into account? :)

     
    #145     Dec 18, 2013
  6. It also has a nice edu resources and the useful tools on their website.
     
    #146     Dec 18, 2013
  7. ronblack

    ronblack

    Absolutely not. If it were, it would not have survived this long. This is a limited view. Also, if you believe that, you should not even participate in a trading forum because you are wasting your time. You should try to find positive expectation games to talk about.

    So what? This is not what makes trading difficult. If those 1000 random trades offer a reward:risk ratio of 2 then the cost of doing business is more than justified. Besides, the broker pays his employees who then spend the money in the real economy and in this way money come back to traders as a salary or business profit to replenish accounts. Money recycles.

    What makes trading difficult is ignorance. Most people trade worse than random, worse than throwing dice.
     
    #147     Dec 18, 2013
  8. ronblack

    ronblack

    To start with you should apologize for involving a mother in this conversation. This is the first time since I joined this group I come across someone doing this.

    I don't look down on people who lose money because I also lost my share when I was learning. My only point was that if you trade better than random you have a good chance to make money because even a large percentage of random traders win. Thus you need a good plan, low cost of operation, a very important aspect that trefoil explained to you. He is one of the most intelligent and knowledgeable members and you should listen to him.
     
    #148     Dec 18, 2013
  9. ronblack

    ronblack

    + 1
     
    #149     Dec 18, 2013
  10. Cheese

    Cheese

    What can price do? It can only go up or down. Why is it that something so apparently simple defeats all or most new players?

    First of all you have to notice the gyrations (the swings up and down of price) and not any so-called trends. Next you harness those swings to manufacture your net gains on a day trading basis. The system you devise has to be accurate and reliable.

    So a lot of study, savy, patience and practice are required as the primary attributes which you need. But who are going to be the new players who are savy enough and patience enough and who in addition must have the strength and balance of mind to actually trade effectively?

    Finally, it is always there for the doing. Few do it.
    :)
     
    #150     Dec 18, 2013
    damnpenguins and Laissez Faire like this.