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Wanna know why a majority of traders lose?

  • #61
  • Edited Jul 19, 2017 9:01am Jul 18, 2017 11:19am | Edited Jul 19, 2017 9:01am
Quoting CrocodileRex
{quote} let me give you a piece of advice here. you can either be a teacher and spur out something useful, eg how you trade, what system you are using, indicator etc. If not you will keep getting bashed by the veterans here. I agree that you are not spilling anything useful here. Threads like these pop up from time to time. And also, young and naive is actually a sin in this business. Quit cropping screenshots of winning trades and try to impress others. What are you trying to prove? Also, you think you already crack the code by being a genius college...
I am not poisoning newcomers and giving them "a world full of hopes and glitter" I'm sorry but when did I ever promise that?
So tell me this, why are the veterans spitting nonsense like "you can't be profitable without many years of experience" I agree that's true to some degree but if you retain the information quicker, why can't you be profitable sooner? It makes no sense why you veterans would even say stuff like that and then scold other people of "promising newcomers full of hope" I am not promising them anything.
In other words, YOU are the ones preventing newcomers from achieving their goals, completely stripping them of their confidence. Dragging them down through the mud, making them so utterly terrified of getting into this business, so therefore they quit. Yes, you should be warned to be very aware because people lose a lot of money but if they ARE making money, why are you bringing them down?

Many months I have spent thinking being profitable in this market is impossible and there is no way I can just quit school and spend all my days studying for 5-10 years to be profitable. I was discouraged for a long time... lost a lot of confidence from reading what people like you are saying on this forum. It made me think that this isn't even worth it. The veterans on here are the ones discouraging people more than anyone and they're trying to justify that you need years and years of expertise, I just don't understand why you are dragging people. Sorry that it took you a bit longer?
  • #62
  • Jul 18, 2017 11:34am Jul 18, 2017 11:34am
Quoting Ganative
{quote} I am not poisoning newcomers and giving them "a world full of hopes and glitter" So tell me this, why are the veterans saying stuff like "you can't be profitable without many years of experience" I agree that's true to some degree but if you retain the information quicker, why can't you be profitable sooner? It makes no sense why you veterans would even say stuff like that and then scold other people of "promising newcomers full of hope" I am not promising them anything. Many months I have spent thinking being profitable in this market is...
i think being a trader makes you a bitter person after a while. i don't know. I never usually fuckng get an attitude with people. but the market destroyed my soul over the years and that left a cold bitter person inside...

like this post if you're like me...
  • #63
  • Edited Jul 19, 2017 9:24am Jul 18, 2017 12:07pm | Edited Jul 19, 2017 9:24am
Quoting hilmy83
{quote} i think being a trader makes you a bitter person after a while. i don't know. I never usually fuckng get an attitude with people. but the market destroyed my soul over the years and that left a cold bitter person inside... like this post if you're like me...
I can see why you would say that. Eventually we will all have that mindset of "profits profits profits" honestly, always thinking about making money... that's going to have some sort of negative effect. I'm not saying you are a bitter person... you don't have to say that about yourself. I completely understand why you would be so mad about a young guy like me trying to "teach" others about trading. I'm not trying to teach, just giving insight. I can see why you guys think that I'm some know it all young buck who thinks he has it figured out. But no, I am not trying to imply that at all.

I don't think it has made me into a bitter person (given that I'm still young) but rather it has been enlightening. I incorporate trading into real world scenarios all the time. My mind is always racing. But I am not doing this to get rich... that is not the goal.

I have never said anything about knowing it all, being a guru, or anything of the likes. I was not even intending to provide screenshots or anything along the lines of that... but if you are calling me naive because I am young and calling me stupid and basically attacking me... why the hell wouldn't I just show you that young people can make money in this market as well? What the fuck does my age have to do with anything? I thought this was a forum where everybody can share ideas and insight.
  • #64
  • Jul 18, 2017 12:24pm Jul 18, 2017 12:24pm
Quoting Ganative
{quote} I can see why you would say that. Eventually we will all have that mindset of "profits profits profits" honestly, always thinking about making money... that's going to have some sort of negative effect. I'm not saying you are a bitter person... you don't have to say that about yourself man. I completely understand why you would be so mad about a young guy like me trying to "teach" others about trading. I'm not trying to teach, just giving insight. I can see why you guys think that I'm some know it all young buck who thinks he has it figured...
hope you last young one...just know that every day you trade, guys like me are waiting to eat you alive...your competition is not the banks/hedge funds...your competition are the other ruthless retail traders..

j/k

Inserted Video
  • #65
  • Edited 3:30pm Jul 18, 2017 12:28pm | Edited 3:30pm
Quoting hilmy83
{quote} hope you last young one...just know that every day you trade, guys like me are waiting to eat you alive...your competition is not the banks/hedge funds...your competition are the other ruthless retail traders.. j/k https://www.youtube.com/watch?v=JLY2LXhyuUg
Lol not worried. Whatever you are thinking, just know that you aren't taking money from me.
  • #66
  • Jul 18, 2017 12:30pm Jul 18, 2017 12:30pm
You are missing the point entirely, the reason that if you absorb information quickly you still can't be a trader next week is that trading takes lots and lots of practice.

As CrocodileRox said, it's about learning to defeat your own will, and making hard decisions on a daily basis. This is what makes trading hard, not learning tons of information.

If you haven't got to that point yet, or don't understand that in a real way yet, you will in the future - and this is your 5% of information that you should absorb from your interactions on this site today.
  • #67
  • Jul 18, 2017 12:33pm Jul 18, 2017 12:33pm
A real FX mentor isn't someone to teach you trading, it's someone to whack you across the head and ask you why you made that trade, and why that trade is still open, and why you don't have a stop loss, why you risked 10% of your account instead of 1% or % and many other things. This is the mentor that will help you, anyone can learn what a swing high or low is - that is not the hard part of trading.
  • #68
  • Jul 18, 2017 1:41pm Jul 18, 2017 1:41pm
How many real (proven) consistently profitable traders say that discipline (being able to follow your trading algorithm) is the most important factor (not one of the most important, but the most important) in order to be successful ?
V.S.
How many losing traders use discipline as their excuse for everything ?

Of course if a person can't follow his discipline than most probably his trading plan is too subjective (discrete) rather than objective (algorithmic). However if that is not the case, than the person would be better of working somewhere which doesn't require basic discipline (it is required though everywhere). Or just get his shit together and read a few books on how to become disciplined.
The truth is hidden from you
  • #69
  • Jul 18, 2017 2:32pm Jul 18, 2017 2:32pm
Quoting hilmy83
{quote} hope you last young one...just know that every day you trade, guys like me are waiting to eat you alive...your competition is not the banks/hedge funds...your competition are the other ruthless retail traders.
Hilarious, and ridiculous.
Open to new approaches.
  • #70
  • Jul 18, 2017 2:37pm Jul 18, 2017 2:37pm
P.s. did you guys seriously start a boomers generation v.s. generation x war ?
The truth is hidden from you
  • #71
  • Jul 18, 2017 2:42pm Jul 18, 2017 2:42pm
Quoting MaxenshteinD
How many real (proven) consistently profitable traders say that discipline (being able to follow your trading algorithm) is the most important factor (not one of the most important, but the most important) in order to be successful ? V.S. How many losing traders use discipline as their excuse for everything ? Of course if a person can't follow his discipline than most probably his trading plan is too subjective (discrete) rather than objective (algorithmic). However if that is not the case, than the person would be better of working somewhere which...
Well, I for one say that. I truly believe if you stay disciplined and follow your trading plan, you can come out on top.
Honestly, I don't know about how many traders use discipline as their excuse for everything. During the beginning stages, I didn't have excuses for my huge losses... I knew it was stupid and it was a moronic decision to have opened that specific trade in the first place and I was too weak to get out of the trade.
I don't even think traders lose because they don't follow their plan... I think they lose because they DONT have a plan, wouldn't you agree?
  • #72
  • Edited Jul 19, 2017 11:59am Jul 18, 2017 2:45pm | Edited Jul 19, 2017 11:59am
Quoting MaxenshteinD
P.s. did you guys seriously start a boomers generation v.s. generation x war ?
Hahaha wait a minute, don't categorize me in with the rest of them! I'm minding my business and trying to provide good insights. I literally attacked nobody. Then, out of no where people are saying "OP is gonna be in for a big surprise, little does he know" blah blah, calling me young so therefore I MUST be naive. Like why? Did somebody piss in their cheerios this morning? I do have respect for my elders and any gentleman/lady older than me, but I will not tolerate disrespect when I started nothing.
  • #73
  • Jul 18, 2017 2:49pm Jul 18, 2017 2:49pm
Quoting Ganative
{quote}I don't even think traders lose because they don't follow their plan... I think they lose because they DONT have a plan, wouldn't you agree?
To add on to that, I've read somewhere a wonderful defenition of a good trade vs a bad trade.

Good trades :
1) Taken according to the plan - result loss
2) Taken according to the plan - result profit

Bad trades :
1) Taken not according to the plan - result profit
2) Taken not according to the plan - result loss
The truth is hidden from you
  • #74
  • Jul 18, 2017 2:54pm Jul 18, 2017 2:54pm
Quoting MaxenshteinD
{quote} To add on to that, I've read somewhere a wonderful defenition of a good trade vs a bad trade. Good trades : 1) Taken according to the plan - result loss 2) Taken according to the plan - result profit Bad trades : 1) Taken not according to the plan - result profit 2) Taken not according to the plan - result loss
Brilliant I like that a lot, thank you for sharing.
  • #75
  • Jul 18, 2017 2:58pm Jul 18, 2017 2:58pm
Quoting Ganative
{quote} Hahaha wait a minute, don't categorize me in with the rest of them! I'm minding my business and trying to provide good insights. I literally attacked nobody. Then, out of no where people are saying "OP is gonna be in for a big surprise, little does he know" blah blah, calling me young so therefore I'm naive. Like why? Did somebody piss in their cheerios this morning? I really do have respect for my elders and any gentleman/lady older than me, but I will not tolerate disrespect when I started nothing.
I suspect the following based on the beginning of this thread: this thread would probably have the same outcome as the "5 years and no strategy" thread.
As in there will be 100+ pages of comedy made out of arguments. Just wait till the list of "traders watching now" at the bottom of the page becomes full of "Invisible" members. Its usualy what happens before the "**** hits the fan". After all its forex factory )))
The truth is hidden from you
  • #76
  • Edited Jul 19, 2017 12:06pm Jul 18, 2017 3:11pm | Edited Jul 19, 2017 12:06pm
Quoting CrocodileRex
{quote} let me give you a piece of advice here. you can either be a teacher and spur out something useful, eg how you trade, what system you are using, indicator etc. If not you will keep getting bashed by the veterans here. I agree that you are not spilling anything useful here. Threads like these pop up from time to time. And also, young and naive is actually a sin in this business. Quit cropping screenshots of winning trades and try to impress others. What are you trying to prove? Also, you think you already crack the code by being a genius college...
Oh wow, I completely missed out on what you said. "Quit cropping screenshots of winning trades and try to impress others." Real question, why are you so angry?
I don't need your useless advice.
You're calling me stupid because I'm young. You are so silly to think that I am trying to impress people on this forum. Believe me, I have no interest in that. But if you are attacking me, why the fuck wouldn't I just easily prove it so I can shut your ignorant and loathsome mouth really quick? You think you know more than me just because you're older? Lol, you're old and bitter, I don't need to read your lectures. I just want you and the other asshats to stop clouding my thread with your negative bullshit. You'd be very surprised, it actually does not take a lot of effort at all just to take a screenshot on an iPhone.
"Young and naive is actually a sin in this business" lol, that's actually hysterical. Old and pretentious don't make it far either, especially with that disgusting and nasty attitude. How is that you're older than me but I'm way more mature than you?

"Should I listen to your fancy screenshot or to the red flag seniors on here" Now I understand. You actually think because you have a red or gold flag next to your name, it indicates that you're smarter and quicker than someone who doesn't? I don't give a flying shit if you "listen to my fancy screenshot" I was proving something because a lot of y'all think I'm spewing bullshit WITHOUT a track record. But once I provide proof, you STILL find some way to bash you're a delusional moron, do you realize how many times I see a member with a red/gold flag next to their name say some ridiculous nonsense? Maybe that's why you aren't making any money, because you want to "listen to the red flag seniors" on FF. Get a clue you douchebag.
  • #77
  • Jul 18, 2017 3:13pm Jul 18, 2017 3:13pm
Quoting MaxenshteinD
{quote} I suspect the following based on the beginning of this thread: this thread would probably have the same outcome as the "5 years and no strategy" thread. As in there will be 100+ pages of comedy made out of arguments. Just wait till the list of "traders watching now" at the bottom of the page becomes full of "Invisible" members. Its usualy what happens before the "**** hits the fan". After all its forex factory )))
Because this forum is full of chumps old or young, people here can't stand to see other people win. Individuals on here really do not have anything better to do all day but go on each thread and attempt to find a flaw, so they can call the OP stupid and tell them they're wrong. Trust me, it isn't bothering me at all. They can click on the "logout" button on the top right corner if they don't want to read what I have to say.
  • #78
  • Jul 18, 2017 3:17pm Jul 18, 2017 3:17pm
Quoting Ganative
{quote} Because this forum is full of chumps old or young, people here can't stand to see other people win. Individuals on here really do not have anything better to do all day but go on each thread and attempt to find a flaw, so they can call the OP stupid and tell them they're wrong. Trust me, it isn't bothering me at all. They can click on the "logout" button on the top right corner if they don't want to read what I have to say.
in jail we'd call you fish..

and i like my sushi roll...mmmmmmm mmm mm
  • #79
  • Edited 3:31pm Jul 18, 2017 3:18pm | Edited 3:31pm
Quoting hilmy83
{quote} in jail we'd call you fish.. and i like my sushi roll...mmmmmmm mmm mm
Dude, what in the absolute fuck are you blabbering about. You aren't taking any of my capital so you can stop talking like you're some market shark on Wall Street
  • #80
  • Jul 18, 2017 3:25pm Jul 18, 2017 3:25pm
Trading Without a StopLoss 2766 Replies
5 years and still no strategy 2423 Replies
Crazy.....

Maybe this one will be the new winner.....

IMO.. Catch-22 posted the only things of value so far. I just skimmed through and may have missed another poster so no one take offense. Just sayin...

Hey now.....
SPC * Swollen PocketZ Crew!
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