Hello friends,
I have been thinking about this for a long time, yet cannot find THE answer to the question, why does 99% of the people who wants to be traders fail? What is that 1% of people that has it or has figured it out, that we cannot figure it.
After blowing a few accouts, I have been in quest to find the answer. I have read book after books, read blogs after logs, yet none of them really tells you what it is? then again if they know, they might keep it a secrete to benefit them. After all, we are talking about taking somebody else's money.
I have read it is about following a system to money managemet and so forth. I don't know the answer lies with in any techinical or automated system. Money managenment will only prolong the inevitable or not realize one's full potential. This only my humble opinion, so please don't attak me.
I decided to post this question to fellow trader wanna bes' to see what you think about, why does 99% of people fail when it comes to trading? Since I am unable to find "THE" answer on my own, I was hoping that we all could find it in a collective manner. What all this is the "ONLY" thing is going to save us.
Please feel free to share your thoughts and experience.
I have been thinking about this for a long time, yet cannot find THE answer to the question, why does 99% of the people who wants to be traders fail? What is that 1% of people that has it or has figured it out, that we cannot figure it.
After blowing a few accouts, I have been in quest to find the answer. I have read book after books, read blogs after logs, yet none of them really tells you what it is? then again if they know, they might keep it a secrete to benefit them. After all, we are talking about taking somebody else's money.
I have read it is about following a system to money managemet and so forth. I don't know the answer lies with in any techinical or automated system. Money managenment will only prolong the inevitable or not realize one's full potential. This only my humble opinion, so please don't attak me.
I decided to post this question to fellow trader wanna bes' to see what you think about, why does 99% of people fail when it comes to trading? Since I am unable to find "THE" answer on my own, I was hoping that we all could find it in a collective manner. What all this is the "ONLY" thing is going to save us.
Please feel free to share your thoughts and experience.