Why most traders are losers

Discussion in 'Trading' started by tomsmith, May 1, 2009.

  1. i am even smarter than the OP, over the last 6 years i only made one trade. I noticed that Steve Jobs created Apple and i thought to myself "hey that looks like a great company" so i put my money where my mouth is and i bought 3000 shares at 9$ in september 2004 and then in late 2007 i noticed the market was getting a bit toppy so i sold everything at 189$ just before the top at around ~203 (so pissed at myself that i wasnt able to time it better and sell at the top but i guess thats what distinguishes an amateur from a pro), so there you have it i turned my initial investment of $27,000 into $567,000 an easy profit of over $500,000+.

    In this game its not volume of trades that matters its your intelligence, you just gotta be smart about what you buy/sell.
     
    #31     May 1, 2009
  2. #32     May 1, 2009
  3. dealmaker

    dealmaker

    The reasons traders lose are:

    1) they are opinionated

    2) they get emotional
     
    #33     May 1, 2009
  4. tomsmith may be Tommy Vu.

    01:29 is a beautiful piece of tape:

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/iQNdi-fRExc&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/iQNdi-fRExc&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
     
    #34     May 1, 2009
  5. Since this thread will soon get trashed, allow me to interject by saying "Oh, how divine! You must have also received the higher calling from THAT ONE!"
     
    #35     May 1, 2009
  6. ElCubano

    ElCubano

    nope...the reason most are losers is because of one thing and one thing only; It has to be that way. I have known traders who are drama queens that make money hand over fist. In the end you just have to trade and find out...peace
     
    #36     May 1, 2009
  7. Look everyone, stock_turd3r is back again.

    I thought he had a whole index of losing stocks, yet he now claims he only traded Apple in 6 Years.
     
    #37     May 1, 2009
  8. Sure they do... because ET is such a target-rich environment filled with people just like you.

    *

    The OP forgot to relate this part of the story:

    "While waiting for my next imaginary trade of the year, my pizza delivery order arrived. I opened the door to find three busty co-ed blonds dressed in undersized t-shirts and short-shorts standing there, waiting for their tip. When I told them my wallet was in the car, they said "that's ok... we had other payment arrangements in mind..."

    Equally true story, the entire thread
     
    #38     May 1, 2009
  9. My guess is, Tom SMITH is an alias. Possibly the person who sometimes says "I make a boatload of money - wanna know how I do it???"
     
    #39     May 1, 2009
  10. dirkd

    dirkd

    i just love the girls playing backgammon while boating! they should be playing pocket pool with tommy vu!
     
    #40     May 1, 2009