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

    You obviously didn't read his posts.

    He told us many times, it is very simple: stare, click, stare, click. No indicators, no lines, no Al Brooks.....
     
    #21     Jan 22, 2024
    SimpleMeLike and Picaso like this.
  2. ironchef

    ironchef

    Free money.
     
    #22     Jan 22, 2024
    murray t turtle likes this.
  3. Women
     
    #23     Jan 22, 2024
    Relentless likes this.
  4. ironchef

    ironchef

    None of the above. Most traders don't have an edge, their methods/plans do not have positive expectancy.
     
    #24     Jan 22, 2024



  5. upload_2024-1-22_6-21-38.jpeg
     
    #25     Jan 22, 2024
  6. Picaso

    Picaso

    [​IMG]

    :D
     
    #26     Jan 22, 2024
    TrailerParkTed and schizo like this.
  7. zdreg

    zdreg

    [/QUOTE]
    The truth came out. It is otherwise know as gambling and not being the house.
     
    #27     Jan 22, 2024
    ironchef and MACD like this.
  8. This thing keeps me up at night and not just in trading.
     
    #28     Jan 22, 2024
    TrailerParkTed likes this.
  9. Good Morning themickey,

    Where did I learn to program algos?
    I learned from myself and the trading platform programming language.

    How did I learn to program algos?
    Studying the #C programming language.

    Algos?
    Stare at the chart , think of an idea, program, back test.

    All 3 things I learned for the kind cost of $0.00. no book, no course, no nothing, just me and the chart. Simple, why make life hard.

    The reward, millions of dollars of course.

    As I said 1000 times, trading the ES futures market is VERY easy to me.
     
    Last edited: Jan 22, 2024
    #29     Jan 22, 2024
    ironchef likes this.
  10. Good Morning taowave,

    When did I learn what I post below?
    I learned over the past few years. The cost to learn was exactly $0.00. Did not read no damn trading book, and certainly was not scammed buying a trading course, no coaching fee, none of that crap.

    Everything I do cost me $0.00. And the reward is millions of dollars.

    https://www.elitetrader.com/et/thre...-to-traders-demise.378019/page-3#post-5917122
     
    #30     Jan 22, 2024