Most traders lose money in the markets because they enjoy losing in the market.
When they lose they get to come here and talk about trades and methods and sound smart and that is exciting because they get 'likes'. Funny thing is that if 95-99% are losers and that same 95-99% vote to get you a red flag because they think what you are doing is great then if you want to make money in the market all you have to do is fade their system and you will be in the 1-5% that make money. Finding a complete winning system in a forum like this is like finding a diamond on the sidewalk...it's not going to happen.
Losing traders don't realize what's important. I dare say that 75% to 90% of the systems touted here could be profitable with some modifications.
A system is just a set of objective rules that get you into the market . In that regard every method on here could get you into a profitable move sometime or the other. What's really important, the holy grail of trading if you will, is your exits and money management. Go to any thread here and all everybody talks about is the entries and you will understand why 99% lose.
Does anybody think there is an online forum where all the great business leaders of the world get together to talk about business ideas? They're just too busy running their business or living off their fat profits.Why in the world anybody would expect to come here and meet some great trader who holds secrets to the kingdom is beyond me. Any 'trader' who spends a lot of time here is not successful. Would you spend a lot of time here if you became successful at trading?
I would hazard a guess that the best traders around here don't have hundreds of posts or have red flags. No sensible winning trader would spend a lot of time here after seeing the 'wisdom' available and the 95-99% who follow this wisdom.
When they lose they get to come here and talk about trades and methods and sound smart and that is exciting because they get 'likes'. Funny thing is that if 95-99% are losers and that same 95-99% vote to get you a red flag because they think what you are doing is great then if you want to make money in the market all you have to do is fade their system and you will be in the 1-5% that make money. Finding a complete winning system in a forum like this is like finding a diamond on the sidewalk...it's not going to happen.
Losing traders don't realize what's important. I dare say that 75% to 90% of the systems touted here could be profitable with some modifications.
A system is just a set of objective rules that get you into the market . In that regard every method on here could get you into a profitable move sometime or the other. What's really important, the holy grail of trading if you will, is your exits and money management. Go to any thread here and all everybody talks about is the entries and you will understand why 99% lose.
Does anybody think there is an online forum where all the great business leaders of the world get together to talk about business ideas? They're just too busy running their business or living off their fat profits.Why in the world anybody would expect to come here and meet some great trader who holds secrets to the kingdom is beyond me. Any 'trader' who spends a lot of time here is not successful. Would you spend a lot of time here if you became successful at trading?
I would hazard a guess that the best traders around here don't have hundreds of posts or have red flags. No sensible winning trader would spend a lot of time here after seeing the 'wisdom' available and the 95-99% who follow this wisdom.
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