Unshakeable belief in themselves
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reasons why traders lose 425 replies
Real reason why 99% lose - daytrading 96 replies
The reason why 95% of new traders consistantly lose money 203 replies
Real Reasons why Retail Traders lose money 75 replies
5 Reasons Why Traders Lose 171 replies
DislikedSome say it is improper risk/reward ratio, not letting winners ride, over trading, starting with too small of an account, distractions, not having the right system, not doing enough homework, not keeping a journal, using scared money and all of them are correct. But none of them encompass the whole picture! I've heard every reason possible in my 17 years trading on the Internet. Not one person to my knowledge has ever mentioned the one thing all "Market Wizards" and Pros who are around year after year, the one thing they have and use that 99.7%...Ignored
DislikedSome say it is improper risk/reward ratio, not letting winners ride, over trading, starting with too small of an account, distractions, not having the right system, not doing enough homework, not keeping a journal, using scared money and all of them are correct. But none of them encompass the whole picture! I've heard every reason possible in my 17 years trading on the Internet. Not one person to my knowledge has ever mentioned the one thing all "Market Wizards" and Pros who are around year after year, the one thing they have and use that 99.7%...Ignored
DislikedI would say lack of understanding what is happening off the charts, an inability to view market action on more than one level simultaneously - people switch between TA and FA and treat them separately instead of seeing one as a manifestation of the other. If you are trying to exploit technical patterns without regard to the economic events driving them, when something changes behind the scenes your system will simply stop working and most likely you will never know why.Ignored