Why do 95 % of traders lose ?

If you limit to traders posting on ET, is it still 95% losers? Or are the stats slightly better if you are posting / reading here...

 

BTw, props to you for the miggs poll

 

I don't know that you ever get good data here
How do you know who's bulsitting you and who isn't?

 

It could be that ETers are even worse -- e.g., the 5% are the professionals working at banks, hedge funds, and top prop firms, while the rest (i.e., retailers) are the 95%. Or it could be that actually only less than 1% of retailers make it.

 

Certainly 95+% are egotistical self labeled experts at the world and humanity

 

Here let me help ya figure it out


1.) Use some common sense and critical thinking
2.) Apply it you your trading
3.) It helps – use it
4.) It don’t help – ignore it and move on


Simple, but then so is trading

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I also see there’s a thread on successful trading – let me hand feed you (you generically speaking of course) on that one too


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What successful traders have in common


Accepted and embraced personal – accountability…, and responsibility
Willing to do what ever it takes – for as long as it takes
Found a way of trading that matches their personality (possibly even modified their personality)
Trades within themselves
Ignores everyone’s opinion
Has learned to be comfortable with uncertainty…, and not knowing
Has learned to be comfortable with losing…, and being wrong
Knows there is no right… or wrong way to trade – there is only profitable… and non profitable
They’ve found (think built) a profitable one and stuck to it
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No two successful traders trade alike….

So like we all have – pick up bits and pieces and build your own way of trading that – wait for it…. wait for it… THAT MAKES YOU MONEY

And if any aspect of your way of trading doesn't make you money – then drop it… or drop it - and add an aspect that does….

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Oh, and one other thing successful traders don’t do – sit around and bitch to each other why we’re not


What's that saying I use quite often... Oh yeah...

if it is to be - it is up to me

Well fuck me - who da thunk it

RN

 

The hired traders made pips

 

Perfect!

 

the way I see it, only one human being is average. Everybody else is either above average or below average..

The saddest person on earth must be the one guy who is actually average. Half the world thinks they are better than him, and the other half are too stupid to understand him.

 

but there is no standard measuring stick. you might be average using one measure, but in the top 1% in another measure. the funny thing is your reward in life does not have to depend on winning in just one accepted measure. you can win if you are in the top 1% of any measure (note the word "can" not "will").