Find out why 90% of all traders lose and 10% win

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Old Apr 22, 2005, 12:42am   #1
 
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Find out why 90% of all traders lose and 10% win

It may seem strange but 90% of all traders loose because they lack the resources the 10% of all winning traders have. I have found a website that has given me an edge over the markets and wanted to know if any of you used their services before, they are (EDITED) if any of you used their services and had a good or bad experience please let me know before I add funds to my account with them. I got a free trial of their report when I signed up and it was impressive but I don't know if all are like that. It would be great if I can join the 10% of all traders who are successful.

This is a copy of the report I got, I don't know how to show it but I attached it


Thanks
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report.jpg  

Last edited by rossored; Jun 30, 2005 at 11:12pm. Reason: to remove blatant URL
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Old Apr 22, 2005, 1:12am   #2
 
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Actually, I'm more interested in why 90% (apparently) of all traders can't spell "lose" . . .

Given the general illiteracy of the website ("uncanning accuracy"?), I'd be cautious.
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Old Apr 22, 2005, 1:45am   #3
 
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lol ... and one often wonders about the intentions of a once only poster who asks about some fantastic new, no effort required, trading web site or system.



Note to big_trader: you may be a genuine new trader (big_trader? why?) but you may also be spamming us with another "great" trading service.
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Old Apr 22, 2005, 2:16am   #4
 
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big_trader started this thread I assure you I am not a spammer, I am just looking for views of other traders if any who had experiences with this company as it is new to me. It seems too good seeing that you know the high or low in the market even before it reaches there but I am looking for help before I fund the account with them to get their reports.
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Old Apr 22, 2005, 7:22am   #5
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marks out of 10..about 7/10 for the extra little nuances of little lamb lost ...yours 'unconvinced from Seenitallbeforesvill'
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Old Apr 22, 2005, 7:47am   #6
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But wait there's more, if you call know you will receive the bassomatic. This handy device can turn a bass into a healthy drink in 2 seconds. (Operators are waiting for your call)
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Old Apr 22, 2005, 8:10am   #7
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A couple of things have caught my attention from the above screenshot:

1) What is the point in having a slogan that says "For Traders Who Are Serious About Making Money" because I have yet to meet one who isnt

2) Any service that is "Projecting" the high or low (which really means "Predicting") is doomed to fail in my view because I have never met anyone who has this ability. All the successful traders I know of dont make predictions they "React" to what the market is doing.


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Old Apr 22, 2005, 8:41am   #8
 
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Quote:
Originally Posted by Trader333
A couple of things have caught my attention from the above screenshot:

1) What is the point in having a slogan that says "For Traders Who Are Serious About Making Money" because I have yet to meet one who isnt

2) Any service that is "Projecting" the high or low (which really means "Predicting") is doomed to fail in my view because I have never met anyone who has this ability. All the successful traders I know of dont make predictions they "React" to what the market is doing.


Paul
1) found one
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Old Apr 22, 2005, 9:46am   #9
 
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My cat could have designed a better looking website . . .
and I havn't got a cat
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Old Apr 22, 2005, 11:25am   #10
 
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No proof it is lack the resources

Hybrid Thread

In order for one big trader to gain on a hundred contracts, you need ten small traders to lose (LOSE) on ten contracts each.
Quote:
Originally Posted by big_trader
It may seem strange but 90% of all traders loose because they lack the resources the 10% of all winning traders have.
Bull!
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Old Apr 22, 2005, 11:26am   #11
 
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big_trader started this thread lol
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Old Apr 22, 2005, 11:27am   #12
 
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again, that seems to be disturbed logic as well.

can win/lose differing amounts on different contracts...
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Old Apr 22, 2005, 2:46pm   #13
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Quote:
Originally Posted by big_trader
It may seem strange but 90% of all traders loose because they lack the resources the 10% of all winning traders have.
Yes indeed; that certainly _would_ seem "strange"!

Quote:
Originally Posted by -oo0(GoldTrader)
In order for one big trader to gain on a hundred contracts, you need ten small traders to lose (LOSE) on ten contracts each.
That's no more sensible either, I'm afraid.

Oh dear ... this thread has really "got the makings", hasn't it?
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Old Apr 25, 2005, 5:41am   #14
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"1) What is the point in having a slogan that says "For Traders Who Are Serious About Making Money" because I have yet to meet one who isnt"

That seems to be the line trotted out by a lot of seminar propaganda when dealing with the possible phsycological problems of the trader. I doubt whether anyone really serious about making money would
take up trading in the first place. The best way seems to be to buy property.

Traders are a special breed and most have a streak of gambling in them. I have no illusions about myself.
Although I limit my possible losses as much as possible there is always the thought of whether I have made the right move running through my head. There is an element of chance in all businesses, of course, but short term trading is especially fraught with risk. With the buying of shares the valid argument is that the company is,essentially, the same this week as it was last, providing nothing new has been issued by it. Interday trading is not like that. Buying cheap means that it must not get cheaper before the end of the day .Tthat is asking a lot and fundamental data does not come into it.

Split

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Old Apr 25, 2005, 9:06am   #15
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Quote:
Buying cheap means that it must not get cheaper before the end of the day .Tthat is asking a lot and fundamental data does not come into it.
Intra-day trading is all about "Perceived" value and what you have stated is applicable in reverse, ie if you think something is over valued then Short it. I view it in terms of Opportunity Windows and if you miss one when something is under valued then you may get an opportunity later when it becomes over valued. During any given day you will often see one instrument move from being under valued to being over valued several times and if you time things correctly you can make a profit in each phase.


Paul
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