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. Overnight

    Overnight

    #121     Feb 11, 2024
    TrailerParkTed likes this.
  2. Hello Overnight,

    Think big!
     
    #122     Feb 11, 2024
  3. And before 2008 was the kid who said he made $250,000 plus a day during the chop of 2001-02, I can’t find his posts. Those were fun times! Of course he never posted any pics.
     
    #123     Feb 11, 2024
    Overnight likes this.
  4. Overnight

    Overnight

    I like to think different. Which might be why I will still be here and you soon will not be, if you continue on your current path.
     
    #124     Feb 11, 2024
    SimpleMeLike likes this.
  5. toucan

    toucan

    I'm always emotional until the trade gets to breakeven. my goal is to minimize trade entry errors, so..Trade profit or trade loss I get mad if after the fact I realize I shouldn't have taken the trade. Yes 2024 has been better than last year... So far :)
     
    #125     Feb 11, 2024
    TrailerParkTed likes this.
  6. Thanks for answering that, I hope 2024 keeps being good to you!
     
    #126     Feb 11, 2024
    toucan likes this.
  7. Hello Overnight,

    You should spend more time focused on your own trading instead of worrying about my trading buddy.

    Trying to get me booted from ET still not going to put money in your pocket trading.

    You still talking about me saying my goal is to trade 100ES contracts one day. Why you are so focus about my trading and my trading goals for?
     
    #127     Feb 11, 2024
    ironchef and beginner66 like this.
  8. Overnight

    Overnight

    I'm not trying to get you booted. You are going to do that on your own. Teehee, fucker.
     
    #128     Feb 11, 2024
    Darc likes this.
  9. Hello Overnight,

    smh, you must be bored tonight right?

    Maybe you should be booted from ET website for even mentioning me getting booted. You attack everyone bro and you cuss at people.

    I am not sure why you are not booted. All you do is go around attacking people when you do not agree on they way the trade or they refuse to answer your questions or comments.

    I do not ever attack people on ET website or talk down on people. I state how I trade and leave my comments and go about my life.
     
    #129     Feb 11, 2024
  10. Overnight

    Overnight

    The next fucking time you type "smh", I am going to ask evil eye to ban the fuck out of you. SMH as a concept and emote needs to die, stat.
     
    #130     Feb 11, 2024
    Darc likes this.