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reasons why traders lose 247 replies

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Attachments: The one reason that trumps all other reasons why traders lose
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The one reason that trumps all other reasons why traders lose

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  • Post #1
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  • First Post: Dec 2, 2013 11:25pm Dec 2, 2013 11:25pm
  •  Silat50
  • | Joined Oct 2012 | Status: Member | 523 Posts
Some 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% of us do not. GUESS WHAT THE ONE THING IS? I will not reveal it until someone guesses it, as I want to see who is serious about learning what it is. Meanwhile let us have fun looking at all the different answers that pile up each day on this thread. Maybe one of you will come up with even a better answer than mine. GO FOR IT! We are all here to learn. Maybe this thread will become infinite with all kinds of great answers. But what is mine???

Hint: I will give hints every so often if nobody is getting close. Remember I am talking about pros who can "depend" on trading to feed their family in up, down and sideways markets, not guys who got lucky in one bull market run that lasted 3 years!
  • Post #2
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  • Dec 2, 2013 11:27pm Dec 2, 2013 11:27pm
  •  Silat50
  • | Joined Oct 2012 | Status: Member | 523 Posts
One reason or thing, and one line per post, please. You can post as often as you like. Please keep all silly, negative or derogatory comments for another thread.
  • Post #3
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  • Dec 2, 2013 11:45pm Dec 2, 2013 11:45pm
  •  Robertk
  • Joined Jul 2011 | Status: Member | 1,381 Posts
It's a bit vague and individual in my opinion but personally it has allot to do with timing.
The second I started using market orders on pre-defined levels that have proven to be successful in the past my equity turned for the better. Manual opening is always subject to emotions (entering to early most of the time).

I do however not see this at the main reason. A main reason would simply be having faith in yourself/conducting your own research and make a system based around it on your own results. Honestly, as I see it 90% are simply following each other.
  • Post #4
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  • Dec 3, 2013 12:00am Dec 3, 2013 12:00am
  •  Slim Buffett
  • | Additional Username | Joined Mar 2012 | 2,541 Posts
Quoting Silat50
Disliked
One reason or thing, and one line per post, please. You can post as often as you like. Please keep all silly, negative or derogatory comments for another thread.
Ignored
Because they fail to practice a single methodology regardless of timeframe. ????
When the Joker is in the deck.. fear not and play it well
  • Post #5
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  • Dec 3, 2013 12:16am Dec 3, 2013 12:16am
  •  gspajon
  • | Commercial Member | Joined Jan 2007 | 1,063 Posts
In a word....discipline. Regardless of your trading style, method, or money management if you don'thave and use discipline, the whole shootin' match is a lost cause.
  • Post #6
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  • Edited at 12:30am Dec 3, 2013 12:20am | Edited at 12:30am
  •  vox dei
  • Joined Aug 2010 | Status: Chaos is a ladder | 1,268 Posts
Hi Silat,

My take #1 is that the majority does not have an understanding of crowd psychology.

I believe this might be what you were thinking. Or not LOL. Anyway, I personally don't think this is the single most important thing that long-term successful traders have in common.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • Post #7
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  • Dec 3, 2013 12:26am Dec 3, 2013 12:26am
  •  panhwar
  • | Joined May 2013 | Status: Member | 93 Posts
For me economics understanding(fundamental analysis) is most important for trading right.
  • Post #8
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  • Dec 3, 2013 12:27am Dec 3, 2013 12:27am
  •  jmenaxs
  • | Joined Dec 2013 | Status: Junior Member | 6 Posts
Fail to see and fail to listen that is why we goes against trend.
  • Post #9
  • Quote
  • Dec 3, 2013 12:32am Dec 3, 2013 12:32am
  •  Slim Buffett
  • | Additional Username | Joined Mar 2012 | 2,541 Posts
You must first consider "rules" ??

Quoting Silat50
Disliked
One reason or thing, and one line per post,
Ignored
?
When the Joker is in the deck.. fear not and play it well
  • Post #10
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  • Dec 3, 2013 12:41am Dec 3, 2013 12:41am
  •  Supertrader9
  • Joined Jul 2012 | Status: Member | 662 Posts
They know what 99% don't.
and no i am not talking about the market wizards type of traders but the real multimillionaire/billionaire private traders which none of us would ever hear about as they won't go out in magazines. They have no interest with sharing as they know an edge(liquidity) could be lost if everyone knows about it. These traders understand the intricacies of the market.
  • Post #11
  • Quote
  • Dec 3, 2013 12:49am Dec 3, 2013 12:49am
  •  Slim Buffett
  • | Additional Username | Joined Mar 2012 | 2,541 Posts
Quoting Supertrader9
Disliked
They know what 99% don't. and no i am not talking about the market wizards type of traders but the real multimillionaire/billionaire private traders which none of us would ever hear about as they won't go out in magazines. They have no interest with sharing as they know an edge(liquidity) could be lost if everyone knows about it. These traders understand the intricacies of the market.
Ignored

Do you not understand what this means ????

Quoting Silat50
One reason or thing, and one line per post,
When the Joker is in the deck.. fear not and play it well
  • Post #12
  • Quote
  • Dec 3, 2013 12:52am Dec 3, 2013 12:52am
  •  capitulation
  • | Joined Oct 2011 | Status: I'd rather be lucky than good | 65 Posts
I think it is simple. Plan the trade and trade the plan. If you now what you are going to do before it happens then you wont fall victim to emotional or irrational decisions.
  • Post #13
  • Quote
  • Dec 3, 2013 12:54am Dec 3, 2013 12:54am
  •  JoeNY
  • Joined Nov 2013 | Status: Member | 1,379 Posts
A hint to start things off would be cool. There are lots of things not mentioned often.

One is a mental map of the market...
SPC * Swollen PocketZ Crew!
  • Post #14
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  • Dec 3, 2013 12:57am Dec 3, 2013 12:57am
  •  Slim Buffett
  • | Additional Username | Joined Mar 2012 | 2,541 Posts
Quoting capitulation
Disliked
I think it is simple. Plan the trade and trade the plan. If you now what you are going to do before it happens then you wont fall victim to emotional or irrational decisions.
Ignored
And the ONE SINGLE THING is....What ???
When the Joker is in the deck.. fear not and play it well
  • Post #15
  • Quote
  • Dec 3, 2013 1:09am Dec 3, 2013 1:09am
  •  JoeNY
  • Joined Nov 2013 | Status: Member | 1,379 Posts
Other people's money...
SPC * Swollen PocketZ Crew!
  • Post #16
  • Quote
  • Dec 3, 2013 1:22am Dec 3, 2013 1:22am
  •  grin
  • | Joined Apr 2012 | Status: Member | 385 Posts
Quoting Slim Buffett
Disliked
You must first consider "rules" ?? {quote} ?
Ignored
Hehe... that probably was the hint.

Absence of mental focus to validate all relevant criteria before entering or during trade and execute accordingly.
  • Post #17
  • Quote
  • Dec 3, 2013 1:27am Dec 3, 2013 1:27am
  •  Slim Buffett
  • | Additional Username | Joined Mar 2012 | 2,541 Posts
Quoting grin
Disliked
{quote} . Absence of mental focus to validate all relevant criteria before entering or during trade.
Ignored
I like that one. I find that I'm often" absent" in the worst of times.
When the Joker is in the deck.. fear not and play it well
  • Post #18
  • Quote
  • Dec 3, 2013 1:54am Dec 3, 2013 1:54am
  •  Wolf_Wicked
  • | Additional Username | Joined Oct 2013 | 894 Posts
Capital.
Howlin' at the Moon on the Roof
  • Post #19
  • Quote
  • Dec 3, 2013 1:55am Dec 3, 2013 1:55am
  •  Antny
  • | Joined Sep 2009 | Status: Member | 62 Posts
Quoting capitulation
Disliked
I think it is simple. Plan the trade and trade the plan. If you now what you are going to do before it happens then you wont fall victim to emotional or irrational decisions.
Ignored
I agree with capitulation the discipline to 'plan the trade..the plan.'
'Lead, follow or get out of my way!'
  • Post #20
  • Quote
  • Dec 3, 2013 2:05am Dec 3, 2013 2:05am
  •  2+2=4ex
  • Joined Mar 2009 | Status: Top Forex Systems | 6,855 Posts
Quoting Silat50
Disliked
Some 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
Experience (or lack thereof)
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