A bad trader doesn't take profits when his target is hit. OTOH, an exceptional trader "knows"* when to hold his trade for bigger gains. *through experience and observation
More than 95% trader at forex market are bad trader.....lol....actaully i think that perosn who start tradign without having any clear idea about trade,and take emotional decions then rational decision are the bad trader. Do you agree with me? let have a challnege who is a perfect trader?
When asked about his opinion of day traders some years ago, Paul Tudor Jones replied "95% losers". Let's say there's 50 winning day traders here . That would imply there is 950(!) losing day traders here. Think about it.
That's a revelation. I chanced upon his website and you think he was pulling in 2-3k everyday by reading his trading blotter. At least he's really honest. I browsed through his site and he mentioned he has a day job as well, so I guess it's just side income?
You are too modest, Cornix. All you have to do is to apply what you taught NoDoji about trendline breakouts to Crude instead of Forex and your wife will stop yelling at you.
Haha... my wife is actually pretty happy with me as a husband. At least no yelling aside from sexual games.
there is no bad traders. only greedy traders, naive traders, daydream traders, clueless traders, emotional traders, smart traders, diligent traders, wise traders, careless traders, wall street describes traders as sheep, hog, bull, bear..... Bear always wins Bull always wins sheep is slaughted? bad trades, not bad traders. do not personailze your trades. most people are average good people. they abide bythe law, pay tax, work hard,... I am winners, does not mean I am a good trader. I take money from losers. I am bad trader too!
before discusing who is a bad trader imho better to give definition who is a trader my definition: trader is someone who is making a living by trading his own money as long as person satisifes this definition he is a good trader if not (or already not) - then he is not a trader at all therefore the quetsuion is not who is bad or good , its either you are a trader or u are not and one more thing: there are no poor traders, just many poor people who think that there are traders