What's the Biggest Reason Why Traders Fail?

Discussion in 'Trading' started by schizo, Jan 21, 2024.

Why do so many traders fail?

Poll closed Feb 20, 2024.
  1. Being undercapitalized

    13 vote(s)
    26.5%
  2. Not having a trading plan

    15 vote(s)
    30.6%
  3. Lack of discipline (eg. too emotional and not following a trading plan)

    20 vote(s)
    40.8%
  4. Lack of knowledge or experience (eg. either too dumb or too arrogant)

    15 vote(s)
    30.6%
  5. Lack of focus (eg. jack of all trades, master of none)

    11 vote(s)
    22.4%
  6. Poor money- and risk-management (eg. taking on too much risk)

    26 vote(s)
    53.1%
  7. Impatience (eg. always getting in and out too soon)

    13 vote(s)
    26.5%
  8. Overconfidence (eg. IT'S DIFFERENT THIS TIME!!!)

    16 vote(s)
    32.7%
  9. Being emotionally tied to the stocks

    8 vote(s)
    16.3%
  10. Being emotionally tied to the market direction (eg. alway bullish)

    8 vote(s)
    16.3%
Multiple votes are allowed.
  1. ironchef

    ironchef

    That is what I have to do but it is hard to program gut feel and rhythms.
     
    #111     Jan 29, 2024
  2. ironchef

    ironchef

    You just described how I day trade. :banghead:

    Not a good sign, easy come easy go. We can easily lose it before we realize it.
     
    Last edited: Jan 29, 2024
    #112     Jan 29, 2024
    schizo likes this.
  3. schizo

    schizo

    upload_2024-2-8_12-21-24.png

    Picking the TOP and the BOTTOM

    I feel like shorting this market. I really do. You have an itchy finger, too? :sneaky:
    upload_2024-2-8_12-24-41.png
     
    #113     Feb 8, 2024
  4. Add one more reason why so many traders fail. Counter trend trading for no other reason than the market is going up faster and farther than it seems like it should.
     
    #114     Feb 8, 2024
    semperfrosty and Jzwu2017 like this.
  5. Jzwu2017

    Jzwu2017

    Market always extends more than human cognition.
     
    #115     Feb 9, 2024
  6. Lee-me

    Lee-me

    Lack of proper knowledge and education on the whole thing.
     
    #116     Feb 11, 2024
  7. Hi Toucan, you have been trading longer than me. I was curious if you feel any type of emotions whether it’s a good trade or a botched trade? So far it’s been a wonderful2024 and I feel absolutely nothing, almost robotic, dead inside.
     
    #117     Feb 11, 2024
  8. Traders fail at trading because they do not know how to make alot of money trading, consistently.

    It's really just that simple.
     
    #118     Feb 11, 2024
  9. Overnight

    Overnight

    Says the guy who thinks that trading 100 ES contracts at a time will be a walk in the park.
     
    #119     Feb 11, 2024
  10. #120     Feb 11, 2024