I consider myself an OK trader, i.e I make money more often than not. I have not been succesful in getting anywhere near being "rich" which was my original reason to get into trading. Now I am sure if you took the pain to answer you are not succesful either.
depends what you consider successful.....i know i will never do millions upon millions every yr because i would take too much risk or trade stuff i don't know too well but i know i will continue to make 300k+ every yr
tradin' offers the worst r/r of any biz. i mean, succesful traders can pull off 100-200k a yr yet most businesses can make more than that with lesser risks of total wipe out. ever thot what cud happen with a highly leveraged short postion stuck into a halt due to a takeover offer or pendin' news of a new drug approval for eg in case of a biotech company[?] of course there are exceptions but as a norm this is the tougher biz on earth where makin' millions is a dream for most.
You are obviously a trading Loser. The first half of your post is correct... about "brainwashed everyday on ET"... Since ET is an integral part of the vertically integrated Securities Industry. But you fail to understand that in ALL Zero Sum Games... Roughly 5% of the players are successful... Very succesful as in making well into 6 figures... Or else these Genuis Level players would go do something else... And make well into 6 figures. You don't get that part... Because you are no where close to that percentile in math/strategic analysis ** talent ** . You should go do something else... sing, cook, tap dance, whatever... Instead of wasting your life... and everyone's time with 2,600 posts on ET.
"Only those who dare to fail greatly can ever achieve greatly." - Robert F. Kennedy Visit Nightingale.com If you fail at a difficult task, how can you say you're a failure. Only those who don't try will never know But, just in my humble opinion, it is best to put the probability of success in your favor first, before attempting the task, as much as you can just my 2 cents
Same reason that when people are asked to rate themselves according to what percentile they are at performing a given skill, almost the entire crowd will rate themselves in the top percentile even though that is statistically impossible. People see the statistics on trading but disregard them. It is human nature to beleive that you are that one special unique beautiful snowflake... -T
You are not special. Your are not a beautiful or unique snowflake. You are the same decaying organic matter as everything else.
http://www1.jsc.nasa.gov/er/seh/ricetalk.htm "Not because they are easy, but because they are hard." --- JFK
EVERYTHING IN LIFE HAS A 90% failure rate people. Most people fail at most business endevors. I hate these stats. If you truly love the business, study, spend time, do your homeowrk, anaylze, make a plan etc....you can succeed in this business. the big problem is most people dont want to do the work.