Why do traders fail?

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

  1. cornix

    cornix

    Matter of statistics. I really don't feel 3 is easier than 10. Both are almost b/e.
     
    #231     Mar 31, 2014
  2. OK thank you.
    Now GC 1 tick/year , idem : probably easy ? easy ? super easy ? any "idiot" ( in a good way) can do it after some experience?
     
    #232     Mar 31, 2014
  3. cornix

    cornix

    No difference from 10 ticks in my view. :)
     
    #233     Mar 31, 2014
  4. OK. So deep down, do you believe that GC 1tick in a year is actually very easy to get ?
    no is also an answer.
     
    #234     Mar 31, 2014
  5. cornix

    cornix

    About as easy as breaking even. See, it's about the averages and margin for statistical error.
     
    #235     Mar 31, 2014
  6. ammo

    ammo

    consistent profits with small losses is the key, when you fall,you want to change that to a stumble,you need to have as a goal, the mastering of both,see a lot of questions aimed at profits,we learn from mistakes,so that seems to be the key, originally,it's easy to make money, it's hard not to give it back,if you can get to "it's easy not to give it back....
     
    #236     Mar 31, 2014
  7. cornix

    cornix

    Yep. That's what I meant by consistent profits. Profits that overall steadily exceed losses in total amount.
     
    #237     Mar 31, 2014
  8. OK. So GC 1 tick / year is , from where you are now not easy to get.

    Is making on GC 1 tick a year, WORTH the efforts in trading ?
     
    #238     Mar 31, 2014
  9. cornix

    cornix

    No, of course always being about break-even is not worth it. I understood your point from the start of this discussion: profit must be good enough to justify putting efforts into getting it. But this matter is complicated, includes nuances of every instrument etc.

    Even relatively small profits in very liquid instruments can be a blessing. Not so in less scalable vehicles.
     
    #239     Mar 31, 2014
  10. If it is not worth the effort, to reach a target of 1tick/year that is also probably easy in your eyes : why would you put any real effort to achieve such a target of 1 tick/year?

    Also, any idea of what type of targets in ticks you aimed each year in the past?
     
    #240     Mar 31, 2014