Why you struggle if you have 99.99% chances you won't even make a living by trading?

Discussion in 'Psychology' started by crgarcia, Mar 16, 2009.

  1. JB3

    JB3

    I like dem odds.
     
    #21     Mar 17, 2009
  2. sammybea

    sammybea

    Its funny how often i use this feature now. I only have a few people on it, but its prob one of ET's greatest asset.. lol.
     
    #22     Mar 17, 2009
  3. asap

    asap

    i have had many diff occupations in my life and no one have yielded as much as trading.

    in fact, there is nothing out there that compares to trading. it is holy grail of occupations in our society, when it comes to earning money fast and easy.

    the fact many people lose at trading is due to the fact that there is no barrier to become a trader and thus any incompetent schmuck can give it a shot. obviously, most of the unprepared and unprofessional futile attempts end up as a regular night at vegas, that is, with empty pockets. however, if only professional traders were to be monitored, a study would conclude that more than 50% make money consistently on a yearly basis.

    <b>a professional trader might turn 10k into 1MM in less than 3 years without much sophistication or complexity.</b>
     
    #23     Mar 17, 2009
  4. lpchad

    lpchad



    We'll need an exact citation please or this can be considered false.
     
    #24     Mar 18, 2009
  5. Quote from asap:

    i have had many diff occupations in my life and no one have yielded as much as trading.

    for 99%+ of traders, attempting to trade will be of the truly huge wastes of their time and money.

    in fact, there is nothing out there that compares to trading. it is holy grail of occupations in our society, when it comes to earning money fast and easy.

    it is more the Blarney Stone for most trader wannabes

    the fact many people lose at trading is due to the fact that there is no barrier to become a trader and thus any incompetent schmuck can give it a shot. obviously, most of the unprepared and unprofessional futile attempts end up as a regular night at vegas, that is, with empty pockets.

    true

    however, if only professional traders were to be monitored, a study would conclude that more than 50% make money consistently on a yearly basis.

    that is like saying, if only successful people were monitored, you would find a high degree of success

    a professional trader might turn 10k into 1MM in less than 3 years without much sophistication or complexity.

    yes but it is much more likely they will turn 1MM into 10K in less years, because they have little sophistication or complexity.
     
    #25     Mar 18, 2009
  6. Why take advice from someone who is part of that 95% stat?

    Those 95% that fail, over-leverage. PERIOD. Trading itself is really not that difficult.
     
    #26     Mar 18, 2009
  7. Brandonf

    Brandonf Sponsor

    I was just informed that I have vancomycin resistent strep in my blood. In the US 800 people per year are diagnosed with it, about 600 of them die. Why should I even try to fight it?
     
    #27     Mar 18, 2009
  8. "Because everyone postulates they are momentous." -twofacedjoker
     
    #28     Mar 18, 2009
  9. That's why I said that I did not know if it was true. I read it on a site about 4 years ago, don't remember what site. I looked on the NFA site at the time and did not see anything.

    Those that are still not profitable do not want to believe it would take that long. Those that are profitable much sooner cannot believe it would take someone else that long.

    It really depends upon the person. A large percent of profitable businesses are sold to people that quickly turn it into unprofitable.

    If someone is trained by a successful trader, shows them exactly what they do, it does not mean that they will be profitable.
     
    #29     Mar 18, 2009
  10. http://www.sciencedaily.com/releases/2007/10/071025120514.htm
    Brandon, something to give a chance to on this link.

    Your doctor has tried cubicin?
     
    #30     Mar 18, 2009