Why have you not made it as a trader yet?

Discussion in 'Trading' started by orbit23, Dec 2, 2019.

  1. Pkay

    Pkay

    To be perfectly honest, if you can't be profitable with a $15k account then it's very unlikely you will be with $300k.
     
    #31     Dec 7, 2019
    drcruz likes this.
  2. Pkay

    Pkay

    Good question. I am not profitable because I'm lacking a real edge.

    I have controlled the risk side of it, don't risk more than 1% a trade so don't get big draw downs.

    The problem is that the wins are quite sporadic and, at the end, I'm just about breaking even each month.

    It's pretty frustrating. I know that my problem is the lack of a real edge.
     
    #32     Dec 7, 2019
  3. drcruz

    drcruz

    Have you heard the Whipsaw Song by Ed Sakota? My understanding is typical trend trading strategies are only 30 to 40% winners. Bill O'neal and Larry Williams say that they are >50/50 because they add fundamentals to their decision making.
     
    #33     Dec 7, 2019
  4. why do 50% of lottery winners blow their winnings and broke?
    it's self sabotage. or like of discpline. I don't know.
    trader self-sabotage.

    like they say easy come easy go in casinos. if you can make money that fast, you can lose it that fast.
     
    #34     Dec 7, 2019
    drcruz likes this.
  5. I think the idea of self-sabotage.
    traders who win money lose it like lottery winners who win 10 million and just lose it.
    they didn't do anything to deserve those money or profits. other than speculating and adding very little economic value.
     
    #35     Dec 7, 2019
    drcruz likes this.