Thread: Why do 99% of the people who wants to be traders fail?

It might be a pissing contest, but it was a good read. Warren, you might be an excellent trader, but I've got to mention, fsiltd has the advantage when it comes to words...

David has it spot on with the positive thinking - it doesn't change the likelihood of whatever system your own trading. So many systems (rather than just technical) on this forum and many others don't have any positive expectancy at all, therefore the best-case scenario with appropriate money management is a slow bleeding to death.

In summary, you can be happiest, most optimistic positive thinker however, you can't polish a trd..

Still have not got any response from him.

Originally Posted by ;

Still haven't got any response from him.

I just post here to be helpful. It also helps me to unwind by sharing my knowledge.

As for my credentials it is so straightforward. Just send me an email to and I can send you the PDF file of my 1502 REAL FX transactions between October 2, 2007 and November 6, 2007 where I was able $99,980 US Dollars to get a client out of Hong Kong and that I earned him $19,246.02 in actual profits. My first 693 FX transactions were wins.

How much more direct can that be?

Now for the question! What do you want answered?

I am awaiting the question.

Thank You...

Sincerely

Bruce

Originally Posted by ;

I just started trading FX using Demo accounts from September 2003 until March 8, 2006 and then managing funds for different people beneath a LPOA from March 9, 2006 until present moment.

I Average PLUS 20% return a month per month I trade.

Why can I go 693 FX trades in a row with no loss? Why is it that I average 20 percent a month constantly?

I exchanged a Demo account through PFG in Chicago they set up for me with an amount of $5,000,000 US dollars.

I exchanged it for exactly 56 times or 8 months and did 1804 FX trades.

I had 4 losses in 1804 FX trades.

I increased the Demo account to PLUS $7,500,000 US dollars.

Do you prefer me to send you the registered PDF file of these 1804 FX trades?

So just how much of this is in grownup cash?

I never did demo trading. Can it be like playing with monopoly and presuming you are Donald Trump, just without the bad combover hairdo. :

Another response why there is such a higher failure rate in gambling is the way gulliable people are and just how gulliable some believe others are.

Originally Posted by ;

So how much of this can be in grownup cash?

I never did demo trading. Is it like playing monopoly and presuming you are Donald Trump, only with no bad combover hairdo. :

Another response why there is such a high failure rate in trading is how gulliable men and women are and just how gulliable some believe others are.

I post with regard for you. Now to show me respect send me a email and I'll send you the evidence.

Then there will be no uncertainty or problems related to being gulliable.

I await you email.

Have a great Sunday

Bruce

Originally Posted by ;

I post with respect for you. Now to show me honor send me a email and I will send you the proof.

Then there'll be no uncertainty or issues related to being gulliable.

I await you email.

Have a good Sunday

Bruce

The below remarks relate to REAL FX trades, not demo ones.

I just post here to be useful. Additionally, it helps me to relax by sharing my knowledge.

As for my credentials it's so straightforward. Only send me an email to and I can send you the PDF file of my 1502 REAL FX trades between October 2, 2007 and November 6, 2007 where I managed $99,980 US Dollars to get a client from Hong Kong and I made him $19,246.02 in actual profits. My 693 FX trades were all wins.

How much more direct can that be?

Now for this question! What do you need answered?

I am awaiting this question.

Thank You...

Sincerely

Bruce

hahaha... 99.999999999999%! There's 1 guy living in a shack in Montana that has got it figured out, that's it.

IMO the reason(s) are different for everybody, be it system or plogy or cash management.

But I'll take that PDF of your transactions, always good to learn other ppl's systems.

Originally Posted by ;

hahaha... 99.999999999999%! There is 1 guy living in a shack in Montana that's got it all figured out, that is it.

IMO the reason(s) are different for everybody, be it system or plogy or cash management.

But I'll take that PDF of your transactions, always best to find out other ppl's systems.

Thank You

Just send me a email to and I will email it to you as soon as I receive your email. Mention your name that you use on forum.

Have a GREAT Sunday.

Best regards

Bruce

Hey

I do agree DEMO is the thing to do for a newbie....

Im a newbie and im only stng to comprehend the complexities. In the beginning everything seemed easy and it got very confusing..but you need to try to work out things slowly and take time understanding the charts. The more you look at them the more you understand. It simply takes a lot of patience and discipline.

Check out the thread by PeterFM. It really helped me a lot.