Major problems your face with trading

[Master Trader]

Statistically, 90% of traders lose in the stock market, so 10% are making money from the 90%. Scary figures right, but it's true.

Reply to this post, If there are areas in your trading that you are having difficulties with.

Alternatively, send me a private message and I will happy to answer it for you.

Remember, ask and you will receive.

 

[wasp]

As soon as I can think of something that I didn't know that will serve me as usefully as the constantly branded % win/lose stats, I'll be sure to come to you.

Thanks

 

[yacarob1]

Scary figures right, but it's true.

What is so scary about that pray ?

They do say that if you trade correctly, that trading is very boring.

I must say that I do find it intensely boring, yet I win consistently.

I would win more but I get so bored every day that I just go to bed or watch a movie in mid session.

Do you have a remedy O masterful one ?

 

[damianoakley]

I agree - if you fnd your trading intensely gripping and exciting, then you are probably taking far too many chances and risking too much on each trade.

Trading the right way can actually be quite dull, but profitable.

I think that the "90% of traders lose money" phrase is over-used. It has been said elsewhere on this forum (I forget who by) that actually 75% to 80% of traders lose money, 10%-15% break even, and 5%-10% win money. If you think about it, these statistics fall in line roughly with any other business venture. I think that it's Natwest that have figures to show that 75% of all new business start-ups fail within 5 years.

Just goes to show that trading is like any other business-venture. It requires planning, careful day-to-day management, and bloody hard graft to make it work.


Thanks

Damian

 

[counter_violent]

I can't wait for someone to ask a question....any question........it's the reply I will be far more interested in !

 

[dbphoenix]

This 95% business just won't die, and it probably makes no difference whatsoever that it isn't true (the inaccuracy is printed on page one, but the retraction is always buried somewhere in the classifieds).

The fact is that the "failure rate" among traders isn't that much different than the failure rate among small businesses in general (which may also be not dissimilar from the failure rate in professional schools, or, perhaps, the failure rate in anything), which is around 55 to 60%. And the causes are pretty much the same: lack of preparation and overconfidence. And both of these lead -- for traders -- to the most common specific cause: selling winners too soon and not selling losers soon enough.

Not that pointing this out is going to have any lasting effect, but it ought at least to be mentioned.

FWIW

 

[Directional]

isnt there a comma missing from the title of this thread?

Major problems, your face with trading

 

[damianoakley]

isnt there a comma missing from the title of this thread?

Major problems, your face with trading

LOL -

 

[beginner_av]

oh master, since i depend on trading for a living, many times i am scared and square off my position very early...what is your remedy for that?

 

[flameali]

basic question

Hello Master Trader,

I am new to future trading, I have an account with IB. so i can trade only Ecbot but not Cbot because i don't wanna subscribe to the data and pay extra fees till i am very comfortable trading futures. are the data for the Cbot and Ecbot, CME and Globex. the same? i use premuime data with amibroker and it supplies CME, CBOT and NYMEX. but IB deals with the electronic Exchanges. and i don't like IB charts. i am more comfortable with amibroker charts. IB doesn't supply history data as far as i know. Maybe there is another data vendor that supports the electronic exchanges.


Thank you.

Statistically, 90% of traders lose in the stock market, so 10% are making money from the 90%. Scary figures right, but it's true.

Reply to this post, If there are areas in your trading that you are having difficulties with.

Alternatively, send me a private message and I will happy to answer it for you.

Remember, ask and you will receive.