Thread: Why 99% of traders lose money

Hello to all,

lets discuss here why most of individuals lose some cash.

I have the view, that the most trades eliminate money, bcs the have no plan to win.
Enables look to each of trading book, the maximum of discussions, everywhere are mentioned outside, which you should not risk mor then x percent of your cash. That I will concur, you have to do risk managment. However, the most significant thing is, no one have a winning plan.

Lets state in this manner, a lot of individuals say, let the winners run. This is a stage, but not a plan. Nobody want to begin a company. I am aware of, there are some projects on kistarter or any internet startup in the past in which this worked. However, generally speaking, 99% of trders have work. Most of them are not employed. Most of them after a business plan from the managment.

In trading, you are your boss. You have to create your own plan. A businees program is a plan. Noone of these will probably be fullfilled nowone that is relly, in time. This is like the 5 year program from Russia in previous Nordic decades. No plan was fullfilled. However, this isnt the query in my own opinion. The issue is, you have to have plan. A plan should have goals. This targets have to be tough to arrive, but not to be impossibe.

Let me stay out, the most of the hedge funds make 10 until 100% a year. The funds with 100% you can count on a single hand.

What is a goal? Is a goal to find daily profit? when yes, how much daily profit?
What comes following daily profit? Whats occur if you pass the daily profit?

I think, a plan have to add more then one goal likeDaily profit weekly profit monthly profit yearly proft two years profit 3 years profit 5 years profit And this aims must be tracked on daily, weekly, monthly base.

Why I believe you need to have to do this?
Appears to the daily profit, yes you are able to pass it, additionally 4 days every week, but you can reach your weekly target.
It is possible to pass your weekly target 3 weeks a month and you can get to the montly target,
even you can continue this.

But generally speaking, you should arrive your target. F you arrive it you have to embrace it.
Should you pass a target, seems to another higher one and look whether you can reach it. In case the next higher one is hopeless, adopt your targets.

Feel free to talk about

amando

Originally Posted by ;

nigeriaforextrading has an choice to add and join a Trade Explorer ( like I have) to your account, be it simple to keep track of your transactions and progress.

Man are those 63,5K pips or pipettes you earned this past year? I would imagine these are 6,5K really? Am I correct?
Remarkable anyway. Keep compounding?

PS: picked basketball, obviously the contrast stands for plenty things...


gee im not to sure about the basketball event. .

In basketball you get to go and play with a few of like minded buddies. In trading you play against the pro traders everytime.

Sure, one can perform it with that knowledge and only delight in the trading, but nobody needs to be under the illusion that they make to trade and go with a few like minded friends.

More than that lose money, according to brokers.

I'm a worker but I know how to conduct a small business.
I would say that trading is the easiest business on the market, because all we have to handle will be an ACCOUNT lol.

All this is in concept, because gt;99% of individuals make substantial deposits during the learning procedure.

99% of traders lose money through commissions and spreads. 1% of traders do not pay commission or inflated spreads.
Someone may lose 200 dollars to their broker in a month, but they'll make 1800 dollars P/L on their account.

People today lose money for several reasons - because they are inexperienced, because they're dumb, because they're reckless, sometimes they lose money because their brokers are untrustworthy, etc..

We maintain our loosers run since losing money is sooo simple and largely because we do not wish to loose. This is precisely what I have observed and is obviously the reason for account blowing off after overleveraged trading.

Originally Posted by ;

... since we do not want to loose we keep our loosers conduct...

Or even worse: Adding to losers, rather than adding to winners.

The mindset of a unexperienced / new trader is:Has no problem letting losers run. Because the market will come back eventually. But shuts a position as soon as it's a bit in profit, since the market will turn against me immediately. So letting losers cutting and run profits is one major reason why many traders lose money, rather than cutting on losers and let winners.

MW108 let the operate that is loosers, but why?
I use a Stop reduction to guard this. SL is the most crucial thing. I believe, its not a good possibillity to generate the looses more economical and add a new position. Why I must do this. A looser is an entry in direction, could be happen. However, its just like a women, I dont remain in a terrible relationship and looking for other opportunities. If its bad, I must go out

all the people who say, the lose money about their broker? Yes I heart this quite frequently, but generally speaking, its a broker error? If you think that your broker is the issue you dont change it? There are great brokers out there

amando

Originally Posted by ;

Folks eliminate money for several reasons - because they're inexperienced,

That's all folks. End of story.