Why do traders fail?

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

  1. dbphoenix

    dbphoenix

    This is why NoDoji and I (and others) stress the importance of keeping records, whether in a journal or a spreadsheet. The numbers don't lie. One can rationalize, of course, but there's only so much records can accomplish with regard to maintaining the tether between fantasy and reality.
     
    #261     Mar 31, 2014
  2. That is precisely why traders are more likely to fail than not, b/c the numbers in a zero-to-negative sum activity imply it.
     
    #262     Mar 31, 2014
  3. Most traders fail because they don't want to win. They want to hurt themselves by losing so they lose. Simple.
     
    #263     Mar 31, 2014
  4. dbphoenix

    dbphoenix

    Well, trading is not a zero-sum activity, so your hypothesis is not something that logically follows.
     
    #264     Mar 31, 2014
  5. If a variable is nonzero, it is either a positive number or a negative number. The logic of your post assumes that the sum is non-zero, and further assumes that the sum is never negative as otherwise the conclusion would be incorrect.

    On what basis did you arrive at the conclusion that trading is not a zero-sum, and that it is never a negative sum?
     
    #265     Mar 31, 2014
  6. dbphoenix

    dbphoenix

    It's not a closed system. But you've been told all this in at least some of the many posts you've made on this subject. I have nothing to add to what's already been said.
     
    #266     Mar 31, 2014
  7. another reason : psychology/spirituality, where the deep reasons are outside trading, but trading is used as a vehicle to achieve it.
     
    #267     Apr 1, 2014
  8. SIUYA

    SIUYA

    Thats one of the ways slot machines suck you in.....folks get almost the same rush from getting 'close' as winning. The idea that next time will be different and better.
    It makes you wonder if 'pessimists' (otherwise known as pragmatic realists) make better traders, regardless of IQ or intelligence.
    There are so many mental traps in trading
     
    #268     Apr 1, 2014
  9. cornix

    cornix

    Well, there's some psychological benefit in setting many small goals for sure.
     
    #269     Apr 1, 2014
  10. Not getting your point?
     
    #270     Apr 1, 2014