95% fails, only 5% succeeds?

[bbungdoo]

95% fails, only 5% succeeds?

I notice, there seems to be this general consensus that only 5% turns out to be the successful traders.
but really, what differentiates traders between successful vs terrible ones?
someone w/ positive profit is successful?
someone w/ negative profit is terrible ones?

In my belief, there would be at least 4 types of traders;

"terribly bad"
"marginally bad",(someone who's not terribly bad, but not good enough to make living out of it)
"marginally good"(someone who makes profit just enough to live stable life)
"really good"(someone who earns millions of dollar)

and here's my real question.
does 5% includes both "marginally good" and "really good" traders?
or does "only 5% succeeds" really mean only 5% gets to the level of living an extravagent life?

if someone who earns any sort of profit through trading is only 5%, then this job shouldn't be encouraged, right?

 

[Paul71]

There are so many considerations to take into account, i would basically divide the market players into two catagories, those who make and those that don't. For me personally, looking any deeper than this is futile, there are just too many combinations of if, but, how, why, when etc.

 

[£10kLoser]

Yes, the 5% refers to the 5% who make any kind of profit.

For the vast majority of traders, it's not a job as such but an attempt to become financially independent working from home - usually encourage by the sales hype of some questionable system seller or, very likely these days, of a EA marketer! After all, it's obviously far better to become rich while you sleep than make any effort...

 

[oildaytrader]

There are so many considerations to take into account, i would basically divide the market players into two catagories, those who make and those that don't. For me personally, looking any deeper than this is futile, there are just too many combinations of if, but, how, why, when etc.

There is no longer any reason to have the 5% and 95% argument, it should be 100 % winners and 0 % losers.

Well I designed a betting system and it makes everybody who uses it a winner.

It is fully automated , so you should only have to click a few Icons on your computer and you are made.

You will always make a profit.

It is called the Zupcon E A , it uses the Steinitz marketing logic and sells EAS.

The Zupcon E A uses betting methods of increasing trade size after every loss ,until EA recovers all losses and gives a profit.

A demon gambler can go to the casino and double his bets ,until he recovers all losses and a profit,until the casino stops him from winning.

The Zupcon E A use Steinitz logic and makes a profit always on a sequence of losses.

 

[£10kLoser]

There is no longer any reason to have the 5% and 95% argument, it should be 100 % winners and 0 % losers.

Well I designed a betting system and it makes everybody who uses it a winner.

It is fully automated , so you should only have to click a few Icons on your computer and you are made.

You will always make a profit.

It is called the Zupcon E A , it uses the Steinitz marketing logic and sells EAS.

The Zupcon E A uses betting methods of increasing trade size after every loss ,until EA recovers all losses and gives a profit.

A demon gambler can go to the casino and double his bets ,until he recovers all losses and a profit,until the casino stops him from winning.

The Zupcon E A use Steinitz logic and makes a profit always on a sequence of losses.

Is this a joke? Who would trust an EA designed by anyone who thinks it's possible for there to be no losers? Where would the money come from?

As for using the Martingale system for gambling (or trading), it cannot work because casinos have table limits. Also, an even money bet can come up more than 20 times in a row, which would require literally millions to continue the sequence.

This is delusional nonsense. Please tell me it's a joke...

 

[oildaytrader]

You never heard of the Zupcon E A?

We are in the 100% club.Only 14 consecutive losses and see every time we lose we can bet more without house limits.

We can clean the casino of forex

 

[£10kLoser]

Yes, until it cleans your account...

 

[zupcon]

:clap:

I laugh each time I think of you (and the other ****wits) eagerly handing over $89 a month to find out details of a simple progressive staking system published in Stocks & Commodities magazine over 20 years ago !

There really is one born every minute

 

[oildaytrader]

Yes, until it cleans your account...

It can't be simple , it has to be highly sophisticated for it not to clean the account.

I hear it applies scaling in and scaling out , so account does not blow.

Just when it reaches a limit , it reduces position size

 

[£10kLoser]

14 consecutive losses would need about 150,000 in your acount to recover the original 10 lost.

 

[oildaytrader]

14 consecutive losses would need about 150,000 in your acount to recover the original 10 lost.

Depends if you double your bet or apply a lower progression size

and if positions are reduced before blow out.

 

[Weighbridge]

Martingale systems only work in the long run if you have infinite wealth.

Do you?

 

[oildaytrader]

Martingale systems only work in the long run if you have infinite wealth.

Do you?

Never said martingale, did I?

Just the new magic formula for forex called zupconite,used in the new Zupcon E A.

 

[Weighbridge]

Never said martingale, did I?

Just the new magic formula for forex called zupconite,used in the new Zupcon E A.

How does it differ from a martingale? Is some ultimate limit to the size of the stake?

 

[oildaytrader]

How does it differ from a martingale? Is some ultimate limit to the size of the stake?

Max 20 positions but before 20 , a reverse zupconite kicks in

Just shows Zupcon went to school for school dinners and kiss the Vxxxxxx

t/p can be dynamic ./Got it?

 

[Weighbridge]

Ahh I see there's some leg-pulling going on here, sorry I was a bit slow on the uptake.

Glad no one actually believes that piffle.

 

[oildaytrader]

Ahh I see there's some leg-pulling going on here, sorry I was a bit slow on the uptake.

Glad no one actually believes that piffle.

Weighbrridge

Leg pulling aside,there is actually a system that does it , and it works.

Unfortunately everyone will have to find it. What would happen if extremists found it and no one else did?

 

[Weighbridge]

I know I can trust you to keep the secret.

 

[zupcon]

He paid $89 a month to some guy in a chat room to learn this stuff !

You have to laugh !

 

[Trader333]

He paid $89 a month to some guy in a chat room to learn this stuff !

You have to laugh !

Do you know this because it was actually you ?


Paul