Why do 5% of Traders Win?

It's 'uck-fay' isn't it?

 

The dream of winning powerball jackpot is sweet. I have it too.

Suggest you learn some Italian words after winning the jackpot, like Ferrari, Lambergini, Armani, Gucci......

 

Automation helps

 

Might want to try it on the last 12 months of actual market data too....

 

and cold!

 

icksnay iksnay, erry jays in the uck tray

 

When you figure out Fear and Greed you'll have the Edge you need to trade successfully.

 

In reality that plan is a little too simple but a well thought out plan, with entry and exit criteria, risk control and money management strategies, is what separates the 5% from the 95%.

Oldtime makes light of it but I would guess that 95% of the 5% have a trading plan that they consistently follow.

 

Becuase the 5% they win a lot and the other 95% they lose a little.

 

automation helps