Why Traders Fail

Discussion in 'Psychology' started by themickey, Apr 17, 2017.

  1. ----------------------------------------------------------

    UNH up 250% last 5 ytd
    no big dips......... but you can buy calls on the dips
    cheers
    john
    caveat
    (HEATH INSURERS PUSH FOR CLARITY ON LAW
    wsj 4/18/17)
     
    #31     Apr 18, 2017
  2. Poor discipline, set in their ways, doesn't generate low risk ideas, bad with numbers, a dreamer, and of course, lack of capital. Really it is hard, and just takes a lot of passion.
     
    #32     Apr 18, 2017
    algofy likes this.
  3. Wall Street itself makes up the difference. Where do you think the money comes from to build the gilded towers? Overall costs are huge.
     
    Last edited: Apr 18, 2017
    #33     Apr 18, 2017
  4. Most people lose because it is almost impossible to make money trading Forex by just looking at price movement. YOu need depth of market, volume, fundamental analysis. Only the banks can profit from forex
     
    #34     Apr 18, 2017
  5. Thanks Handle123,

    Do you start by testing your strategies on all futures instruments?

    Thanks
     
    #35     Apr 18, 2017
  6. correction sell puts
     
    #36     Apr 18, 2017
  7. A lot of errors here. 1) could be 90% lose, 9% break even , 1% win
    2) commish kills even the winners
    3) 98% of traders lose not 90 (bet on it)
     
    #37     Apr 18, 2017
  8. speedo

    speedo

    The size of a move is the same across time frames. If you have a viable strategy, experiment with different TF's until you can best see the price action (I highly recommend using different ones to get close up's, larger views, safer entries etc.) Think of it like a visit to the optometrist.
     
    #38     Apr 18, 2017
    shatteredx and algofy like this.
  9. RaAt2

    RaAt2

    Find out the one thing in life that you don't do well, and then don't do that thing.
     
    #39     Apr 18, 2017
    Frederick Foresight likes this.
  10. algofy

    algofy

    Lack of quality strategy and lack of discipline to implement said quality strategy properly.
     
    #40     Apr 18, 2017
    BONECRUSHER likes this.