I'm interested in the topic of how many traders who make it. We've all heard that 99% of traders don't make it, or be it 99.9%, or optimistically 98%... Now nobody probably denies this is a hard game to succeed in, but I think there are some fundamental things to do to improve these statistics. And I hope we could discuss and add some thing to this topic. Now, if you have 100 beginning traders, and the "statistics" say that 99 will get killed. What does the 1 trader that make it do better? I bet a great amount of the 99 killed traders think it's easy money to trade. They have some amount of capital and just buys some stocks/forex/whatever, just shooting from the hip. Let's short GOOG, hmmm what about buying EURUSD? Money management is another thing that is often overlooked - i.e. betting the farm. Now I think if of the 100 beginners all would have a trading plan and sound money management the number of losers would maybe be down to 50%? And the critical point that determines win/lose is the strategy they are trading. Or what would you think? Is 50% too optimistic still?