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. ondafringe

    ondafringe

    I agree. I do some coding myself. Not good, but good enough.

    It was just a light-hearted gig! :)
     
    #41     Jan 22, 2024
  2. %%
    A bias towards longs;
    bias on shorts like BA sector may Not be a cause for failure LOL, if trend study supports it.
    I voted for all the rest of them, even though i dont do polls usually..............................
    Another big cause for failure + sub average performance /not taking enough risk;
    sorry\ 1% from bank interest = sub average LOL.
    Soem people get by that by 40 years of IRA so can still be a millionaire on sub average LOL:D:D:D:D:D:D:D,:D:D:caution::caution::caution::caution::caution:
     
    #42     Jan 22, 2024
  3. Hi SimplemeLike...been following you a while...i like you honesty and attitude..glad you making a killing now... how often are you trading per day ? eg 3 trades, 10 trades, 50 trades, 100 plus trades ? do you use the $Tick,Avd/Decl,Trin at all for bigger picture ? thanks again
    best
    John
     
    #43     Jan 22, 2024
    SimpleMeLike likes this.
  4. Mercor

    Mercor

    Number one problem...
    The market not cooperating
     
    #44     Jan 22, 2024
  5. %%
    That can be a difficult number 6/ because if you win it before they spin it/good job LOL:D:D
    NOT that trading=investing is gambling; its not.
    I just thoutht of one SEPT\FNGU made as surpise move, much more than EVER befor ; so that turend out to be much BIGer loss than planned .
    Actualy i trade it smaller now\ if at all\ much less volume now , another hint to me...........................
    Good %% gainer on right side of it LOL
     
    #45     Jan 22, 2024
  6. Hello beginner66,

    I responded to your questions

    I trade between 1 to 1000 trades per day. More or less, all depends if I have alot of time or not. All depends on how I feel for the day. I do not have rules. I would like to trade up 2000 times per day, but not enough time.

    What do you mean by $Tick,Avd/Decl,Trin? I never heard of this before. What is this?

    What do you mean by "bigger picture"? What big picture are you referring to. I never heard of this before, bigger picture.
     
    #46     Jan 22, 2024
  7. taowave

    taowave

    You would like to make 5 trades per minute?
    There are THAT many setups?
    Manually??
    Seems reasonable :)



     
    Last edited: Jan 22, 2024
    #47     Jan 22, 2024
    semperfrosty and SimpleMeLike like this.
  8. newwurldmn

    newwurldmn

    aren’t you doing that?
     
    #48     Jan 22, 2024
  9. schizo

    schizo

    Obviously, SimpleMeLike is either a poser o_O or he really is a simpleton :confused:. In either case, he sure knows how to tell a good story: From rags to riches, I'm a overnight success. To be like me, all you need to do is clicky-ty, clicky-ty, click! (If fact, you don't need to know NOTHING.)

    [​IMG]
     
    #49     Jan 22, 2024
    semperfrosty and SimpleMeLike like this.
  10. taowave

    taowave

    LOL!!!

    They shut me down at 400 per day..

    Added 10 years to my life

     
    #50     Jan 22, 2024