Why do traders fail?

Discussion in 'Trading' started by Tradester123, Sep 10, 2013.

  1. dbphoenix

    dbphoenix

    If one has trouble even meeting expenses for nine years, it adds up.
     
    #151     Mar 31, 2014
  2. this is interesting dbphoenix.
    I remember discussing with someone about what trading returns he would feel is very easy and not worth getting out of bed for.
     
    #152     Mar 31, 2014
  3. :eek: some people trading get into this type of situation????!!!!
    seriously???
     
    #153     Mar 31, 2014
  4. cornix

    cornix

    I even know some people who are deeply in debt DUE to trading...
     
    #154     Mar 31, 2014
  5. In debt I can understand. As deep losses can occur in one day.
    But over NINE years .????
     
    #155     Mar 31, 2014
  6. I now wonder if one big reason is also gains expectations.
     
    #156     Mar 31, 2014
  7. cornix

    cornix

    No, they went in debt gradually, cause never made any money trading and were actually slowly losing.
     
    #157     Mar 31, 2014
  8. They'd have been better off going demo.
    Now, I am starting to understand this prop firm that was getting all traders on demo for up to 4 years if not more.
     
    #158     Mar 31, 2014
  9. I am also thinking that it is important to determine profit expectations for say one year.
    Now the question would be to go for the easy target, or one that stretches?
     
    #159     Mar 31, 2014
  10. dbphoenix

    dbphoenix

    Try twenty. People use margin, heavily, they fund their accounts with credit cards, they take out second mortgages. Granted the line between a large, weak ego and an addiction is fuzzy, and cognitive dissonance plays a role, but, yes.
     
    #160     Mar 31, 2014