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Wanna know why a majority of traders lose?

  • #101
  • Jul 19, 2017 6:26am Jul 19, 2017 6:26am
Doubt kills more dreams than failure ever will.
  • #102
  • Jul 19, 2017 7:02am Jul 19, 2017 7:02am
Quoting Brixton
Doubt kills more dreams than failure ever will.
When the going gets tough , the tough get going
  • #103
  • Jul 19, 2017 7:05am Jul 19, 2017 7:05am
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When the going gets tough , the tough get going
  • #104
  • Jul 19, 2017 7:51am Jul 19, 2017 7:51am
all those "disciplined" traders who aim at >100% / year aren't really disciplined, they're unconcious gamblers who believe their strategies are awesome for some unkown reason.

if they would backtest their strategies in the long term as I do, they would probably give up.

serious trading requires lots of patience and humbleness... and faith as well.

discipline is when you wake up every morning to go to work. wtf
  • #105
  • Edited 8:45am Jul 19, 2017 8:34am | Edited 8:45am
Quoting 9jatrader
{quote} That's complete nonsense. Are brokers Orphanage homes. The reason many failed to transmit good performance in their demo into live account is the fact that they trade far above the capital they intend to open when they demo trade. Example just because you can download $50000 in demo account you continue to practice with it, whereas you intend to go live with, $1000, $2000, $500 or less. Such demo trade is complete nonsense
Even if you open a demo account with a realistic amount like let's say $2,000, the emotions are still not there. You aren't scared of entering trades, you will open trades whenever you have a "hunch" and that will NOT transfer over to live trading. You don't feel fear or greed, because it's fake money.
The transition to demo and live is completely different.
I totally understand what you are saying though, if you open a demo account with $50,000 and try to get a grasp on trading from that, then that's just daft. It's just giving you a false expectation of trading overall.
  • #106
  • Jul 19, 2017 8:52am Jul 19, 2017 8:52am
Quoting Ganative
{quote} Even if you open a demo account with a realistic amount like let's say $2,000, the emotions are still not there. You aren't scared of entering trades, you will open trades whenever you have a "hunch" and that will NOT transfer over to live trading. You don't feel fear or greed, because it's fake money. The transition to demo and live is completely different. I totally understand what you are saying though, if you open a demo account with $50,000 and try to get a grasp on trading from that, then that's just daft. It's just giving you a false...
Emotions, emotions , everywhere. Do we have to know what is Forex with live account, know what is S/R and how price reacts to them just because we are so tied concerned about breaking emotions down. Emotions will always be there.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 11.7%
  • #107
  • Jul 19, 2017 8:56am Jul 19, 2017 8:56am
Emotions and risk will always be in this business. We cannot kill. When a man hurt, he/she shed tears; when man is filled with joy you see it all over him. We cannot kill emotions. Military men are face with fears in battle. Nothing we can't do about it.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 11.7%
  • #108
  • Jul 19, 2017 8:58am Jul 19, 2017 8:58am
Quoting 9jatrader
{quote} Emotions, emotions , everywhere. Do we have to know what is Forex with live account, know what is S/R and how price reacts to them just because we are so tied concerned about breaking emotions down. Emotions will always be there.
No, we don't. You are completely right.
Maybe people use a demo account for the wrong reasons?
When I opened a demo account, it was more along the lines of figuring out where all the buttons are and understanding how the platform works. I didn't do a lot of trading on demo, but yes, I suppose if people were to open a demo account with a REALISTIC amount and actually attempt to learn from mistakes, learning basic fundamentals, etc. then it can absolutely work... depends on how the person goes about it.
  • #109
  • Jul 19, 2017 9:26am Jul 19, 2017 9:26am
Quoting Ganative
{quote} No, we don't. You are completely right. Maybe people use a demo account for the wrong reasons? When I opened a demo account, it was more along the lines of figuring out where all the buttons are and understanding how the platform works. I didn't do a lot of trading on demo, but yes, I suppose if people were to open a demo account with a REALISTIC amount and actually attempt to learn from mistakes, learning basic fundamentals, etc. then it can absolutely work... depends on how the person goes about it.
Now we're together. I believe anyone who works for his/her money would like to loose it so easily to unforgiving market
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 11.7%
  • #110
  • Jul 19, 2017 9:29am Jul 19, 2017 9:29am
We just need to practice, practice and practice. When one opens demo with $50000, taking minimum 0.1 lot size and he comes to live and open $1000 or less he would learned bitterly from the market
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 11.7%
  • #111
  • Jul 19, 2017 9:56am Jul 19, 2017 9:56am
Keep record of all trades- trade journal
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 11.7%
  • #112
  • Jul 19, 2017 10:08am Jul 19, 2017 10:08am
I have seen a prank about a married 41 years old lady inside a taxi ( from japan) on you tube , she sees a ghost in the taxi and become crazey screaming while the ghost is trying to stop laughing on her way of act.

the conclusion :

we are the losers are very afraid from the big players who are laughing on our ignorance, that lady could touch the ghost to be sure in away that it is not, but still, she was screaming and crying without thinking,,, so we do, the losers just keep trying and trying sorry keep crying and crying while the gurus are happy setting in the front of the forex train and we are "the vlosers" just behind them

please forex factory moderator ; this film is from you tube in public mode, just for fun, please do not remove it.

( translated to english )

when we make a buy order and gurus move the market to south, we begin to scream and cry same like that lady, and when we make it ot the south sell and price goes to north again we begin to cry and the gurus setting in the front chair laughing...... on our foolish tradeswe have done.....

Inserted Video

enjoy
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #113
  • Jul 19, 2017 10:21am Jul 19, 2017 10:21am
Quoting Piquant
{quote} Just because you're not making anything on a consistent basis does not mean successful traders don't exist. I'm not successful or consistent by any means but at least I'm not a coward. I am aware that my inefficiency/inconsistency is my own fault and I have no one (not even the markets) but myself to blame. I've been here for a few years and if there's one thing that I am sure of about the market is "it's not random, there's a structure" our challenge is first to learn to spot the structure and then learn to exploit it. Its easier said than...
First try not to lose your miserable 50 bucks before bragging about knowing anything about the market...The guy opened a thread a few days ago asking advice if he can get above 1 micro lot with his 50 bucks account or what is left from it...and he is bragging about knowing about the structure of the market and making fun of other traders. What a coward.
Don't give up on your dreams. Keep sleeping.
  • #114
  • Jul 19, 2017 1:34pm Jul 19, 2017 1:34pm
Quoting 9jatrader
{quote} Emotions, emotions , everywhere. Do we have to know what is Forex with live account, know what is S/R and how price reacts to them just because we are so tied concerned about breaking emotions down. Emotions will always be there.
personally I think emotions are not useful when you trade, except fear and anxiety, those are your best friends.
  • #115
  • Jul 19, 2017 1:43pm Jul 19, 2017 1:43pm
I was loosing alot over the years because of following indicators.........not that indicators are bad.....but its like using a butter knife as a screwdriver........no I have simplified my trading system and am learning to stick with it........but for me....it was looking more to indicators instead of paying more attention to price.....im doing better now.....however; this is my first week with this strategy......im in the process of following the advice of an oldtimer......"trade demo for three months profitable before going live"
Focus
  • #116
  • Jul 19, 2017 5:10pm Jul 19, 2017 5:10pm
yes yes

Inserted Video
  • #117
  • Jul 19, 2017 7:10pm Jul 19, 2017 7:10pm
Whats the best secret ever kept? Knowledge!!! It is priceless and you must find it to stop loosing!
Scarlet Overkill
  • #118
  • Jul 19, 2017 8:24pm Jul 19, 2017 8:24pm
Quoting Linbanks
Whats the best secret ever kept? Knowledge!!! It is priceless and you must find it to stop loosing!
learn how to learn. learn what you can change, not change and how to differ between both.
  • #119
  • Jul 19, 2017 8:46pm Jul 19, 2017 8:46pm
Quoting Ganative
Trading psychology? A lot of people believe trading psychology is one of the most extremely crucial components for a successful trading foundation. Yes, it is very important. But in my opinion, trading psychology is only real because you do not know what you are doing. You have no trading plan. You do not know when to enter and when to exit your trade.
I would respectfully disagree with your statement here. Mainly because all decisions in life and trading, are based on emotions. Not logic.
Antonio Damasio, a neuroscientist found patience with a specific emotional part of their brain damaged. They where able to act very normal, but lagged the ability to make decisions. http://changingminds.org/explanation...n_decision.htm

Your brain even make a decision or make your choice 7 sec before you make a "logic" decision - http://exploringthemind.com/the-mind...ore-you-decide

I think emotions and trading psychology is a huge part of the trading world. You could even argue that by studying other traders psychology and flaws, you can come up with some edge in the markets.

I wish you the best of luck.
  • #120
  • Jul 19, 2017 8:51pm Jul 19, 2017 8:51pm
[quote=CrocodileRex;10097554]{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.
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