What keeps you from being consistently profitable?

[Trader J]

What keeps you from being consistently profitable?
Fear of loosing money? Are you afraid to loose? Fear of failure? Fear of success?
Lack of funds? You (think you) don't have enough trading capital? How much, in your opinion do you need?
No written trading plan. Trading is a business. Do you have a written plan?
Lack of knowledge. What is needed to bring you up to speed? What specific knowledge are you looking for?
Lack of Exits. It is fear that that prevents us from entering a trade, or fear of losing money. However, it is the Exits that really confront us with a profit or loss.
Psychological issues. Trading is about a belief system. Your perception of what is going on. What are the problems related to trading that need to be addressed to make you a consistently profitable trader?
Other: maybe there are other things you would like to discuss?
On the poll you can choose more than 1 option.
If you write a reply, please try to write for yourself (what you need to become a successful trader), not in general (what "one" needs).

 

[Mr. Charts]

Been consistently profitable since the 1990s...............

 

[Ambrose Ackroyd]

I think many people fear being cereal loosers

Some people, of course, are afraid of being whiners

 

[0007]

You require 2 components:

1. An inherently profitable system overall (doesn't have to be complicated - simpler the better - plenty on T2W).
2. Mastery of the psychological and administrative aspects of trading (ie discipline and money management/risk etc).

Without both of these you will fail.

 

[Black Swan]

I think many people fear being cereal loosers

Some people, of course, are afraid of being whiners

Pfftt...I'm quite happy to share my crunchy nut cornflakes with the kids...

 

[Ambrose Ackroyd]

Aha, a serial cereal muncher on the loose.

 

[N Rothschild]

What is keeping you from being a consistent profitable trader?

**** poll's on t2w

 

[N Rothschild]

and the most important reason why traders fail isnt even in the poll lol. greed

 

[Ambrose Ackroyd]

Yes, agreed, greed is a major failing.

But I would go one step further .... greed coupled with a lack of basic intelligence.

 

[N Rothschild]

a lack of basic intelligence is not a hindrance to trading, if this form is anything to go by

 

[Mr. Charts]

What keeps a lot of people here from being successful is spending too much time on the internet reading cra* posts on t2w or growing hairy palms.

 

[Ambrose Ackroyd]

a lack of basic intelligence is not a hindrance to trading, if this form is anything to go by

It is not a hindrance to trading but it is a hindrance to trading successfully and consistently profitably.

Betcha, most forum posters on T2W are cereal loosers !!!!!!!!!!

 

[N Rothschild]

serial

 

[Ambrose Ackroyd]

serial

The use of the word cereal is simply to add a touch of sarsam, or should it be sar-chasm?



My God, is there any hope at all ?

 

[Ambrose Ackroyd]

T2W Home page should have a large flashing warning which says,

ABANDON HOPE , ALL YE WHO ENTER HERE

 

[meanreversion]

What keeps you from being consistently profitable?
Fear of loosing money? Are you afraid to loose? Fear of failure? Fear of success?

Why do so many people insist on spelling 'lose' with two o's.

I lose money, my trousers are loose.

I blame it on the Labour government; they've dumbed down educashun to a ridiculous level.. no spelling, no grammar, no discipline.

 

[Ambrose Ackroyd]

I lose money, my trousers are loose.

I lose money when my trousers are loose and I get involved with loose women.

 

[Mr. Charts]

I lose money when my trousers are loose and I get involved with loose women.

OMG ! You mean they don't pay you !

You're missing out on a major financial opportunity there, buddy.

 

[N Rothschild]

T2W Home page should have a large flashing warning which says,

ABANDON HOPE , ALL YE WHO ENTER HERE

T2W motto = ignorance is bliss

 

[Waterfield]

T2W motto = ignorance is bliss

No that's Forex Factory.