Why do you lose money, what's the deal.

Discussion in 'Trading' started by socalpt, Nov 27, 2006.

  1. socalpt


    I often heard about traders lose money; I'd like to hear what made you to fail and may be some of the pros here can help to correct that. May be it's the bull market but I don't see any way that you can lose over 50% on trades.

    My best method is to enter a trade when the stock just made a reversal, pulled back, or consolidating; the one with a bull flag seemed to breakout the best and none are producing negative results.

    So my question is why only 10 to 20% traders can make it in the market, and what made you to failed?