Why do traders fail?

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

  1. dbphoenix

    dbphoenix

    Actually, what would most help them to reduce their failure rates would be to stop losing. Then they can begin to consider profits.
     
    #171     Mar 31, 2014
  2. I say this because if one has for instance first year trading a target of a completely ridiculous number of say 10$, the pressure is completely diminished. And I'd guess many more would have a positive year - 10$ is indeed achievable for everybody.
    I think the problem is when looking for mega profits.
    After all, with trading, the sky is the limit. :)
     
    #172     Mar 31, 2014
  3. cornix

    cornix

    Refer them to one mental health professional you know in Siberia next time... :D
     
    #173     Mar 31, 2014
  4. Actually I doubt anybody would bother for 10$ target, even your nine years of trading problems person.
    The reasoning being : not worth the effort.
     
    #174     Mar 31, 2014
  5. dbphoenix

    dbphoenix

    The problem is not having a thoroughly-tested, consistently-profitable trading plan, which I really ought to abbreviate to TTCPTP, but it sounds like something you'd inhale.
     
    #175     Mar 31, 2014
  6. Siberia + mental health : they'll think I am having a go at them! lol.
    But I will see about referals.
     
    #176     Mar 31, 2014
  7. I understand TTCPTP is something that enhance performance. :D
     
    #177     Mar 31, 2014
  8. I am actually playing with an excel sheet :
    Day profits

    profits target | how easy to make | and why | would I get out of bed for that ?
    very interesting mind chatter.
     
    #178     Mar 31, 2014
  9. cornix

    cornix

    WIll make sure they will never come back when they hear that. :D

    Honestly speaking I don't practice too much lately, being busy with business in the morning and trading in the evening.
     
    #179     Mar 31, 2014
  10. cornix

    cornix

    Actually even breaking even is not easy after the costs.
     
    #180     Mar 31, 2014