Why do newbies lose?

Why on earth would you want yo day trade, unless you find a method to walk away from the screen??

 

Is this strictly option trading group?

 

Good Evening destriero,

Question please.

1. What is some of the biggest drawdown you seen a trader recovery from to new equity high?

2. What advice to you give to a trader who is very deep drawdown?

Thank you

 

Good Evening taowave,

Question please.

1. What is some of the biggest drawdown you witness or seen a trader recovery from to new equity high?

2. What advice to you give to a trader who is very deep drawdown?

Thank you

 

#1 is a difficult question as I dont know many "retail" traders who "recover" from really big hits,and I worked for Investment banks and a hedge fund.At a well run hedge Fund,you take a big hit,and 9 times our of 10 you are history and on to the next hedge fund.
I have read about traders blowing up their accounts,and coming back later and becoming extremely successful.

from the little you have shared,I think you need to step back and rethink your approach

 

Intraday trading isn’t for everyone but if you can do it why not? The money is better than any profession, and when the market is active and you’re in a groove it’s a lot of fun. You can walk away from the screen any time.

 

Hello taowave,

Thank you so much for your response.

 

No, all products.

 

Why do newbies lose?

-Because they are newbies?? Just a wild guess here...

 

That revolving door for inferior performance speaks volumes about the hedge-fund industry. Ironically, if those same "traders" spent more time in front of a screen, that performance might improve. OTOH, screen time alone does not protect against loss.