The Top Reasons for Trading Failure

We've just published a new T2W article called "The Top Reasons for Trading Failure" by Jim Harrison.

Quick Summary: Are the markets conspiring against you? - or could the reasons for your lack of success be found closer to home...

PS. Don't forget to rate the article after you've read it and share your comments on this thread.

pretty good..

doesnt address the fact that no matter how much discipline or positive thinking you have, if your method or system has a negative expectancy then you are burgered.

still, i like the bullet point style.

could be a "cut-out and keep" table , that one.

FC

Very apt commentary on the inabilities of the Human Persona, that most people have a natural propensity to operate via it with regard to trading.
It doesn't and cannot work properly. Additionaly it will not work at all if the trader does not know what to do, or when, or for what reason or when to abstain if conditions are not right, and, to have the ability to recognise all of this as well.

FC,

Your quote:

doesnt address the fact that no matter how much discipline or positive thinking you have, if your method or system has a negative expectancy then you are burgered.

Is not strictly true (IMHO) because someone who has the right characteristics but a wrong method will not carry on using the same method until wipe-out, that is why thay have the right mindset.........

You see....There you have it, I am not the only one to say this.

Amen, I work with a company that helps people deal with this aspect of trading when we teach them a discipline. If you can deal with these aspects of trading the battle to become successful is on your side!

This is a very good wake up Article, we all need to pin it up and read it as often as possible it may keep us from sliding down the ladder and help some to start to find the ladder

Excellent article, get your head round that and it'll make your trading life easier. I agree with twiggy, pin this one up!