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Winners scale winners, losers scale losers 12 replies

Is Forex a ZERO Sum game? 62 replies

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Discussion on "Zero-sum Game" Article 7 replies

Forex: A Zero Sum Game? 18 replies

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Forex - A negative sum game for losers

Quoting HudithePfupf
{quote} Well, this is just one month.... it repeats every month and the winners of the last month have no higher probability of being winners in the next month. So looking at a 5 year periode, none of them makes money.... we are talking about 99% losing money and the 1% can be still explained by pure luck, not skill. In reality, the picture looks even more dramatic, as soon as leverage enfolds its destructive nature: {quote} Wanne stay in the game with such odds? Retail forex trading is a negative sum game for losers.
When i first started trading a few years ago, i looked up all these statistics. The most damning was on my own broker "75% of clients lose". w

What i think is funny is - most of these statistics motivate me and seem actually rather positive.

im not going to write all day to try to change minds, however when i read:

 

  1. 80% of all day traders quit within the first two years. 1
  2. Among all day traders, nearly 40% day trade for only one month.

this alone, to me, seems very encouraging. of course someone trading for a month is likely to lose money. Maybe my mind is wired differently idk. but:

3. Traders sell winners at a 50% higher rate than losers. 60% of sales are winners, while 40% of sales are losers

this should also be very encouraging. stats like this should help make you profitable.

--

i think op is a low key troll tbh. "forex is for losers" we know "75% lose money" so what's happening with the other 25%? all break even?

Also , all of these stats do not divide the gamblers from the traders. I know lots of people who will load up an account and just put on crazy trades in between work meetings. no stops, just check if margin call at the end of the meeting.
it doesn't take much to put yourself in the top 10% of retail imo.

just because you couldn't raise your game/thinking to become profitable, doesn't mean it applies to all.

If anyone is reading this and struggling - don't give up!

Quoting PippityPips
{quote} When i first started trading a few years ago, i looked up all these statistics. The most damning was on my own broker "75% of clients lose". w What i think is funny is - most of these statistics motivate me and seem actually rather positive. im not going to write all day to try to change minds, however when i read: 80% of all day traders quit within the first two years. 1 Among all day traders, nearly 40% day trade for only one month. this alone, to me, seems very encouraging. of course someone trading for a month is likely to lose money....
Hi, ...excuse me, where do you stand now, since you first started trading a few years ago? Lemme guess, still struggling and don't give up?
But you feel encouraged...
Quoting Tylerz
{quote} please tell me any other industry where u can make money without develop your business without change your company . you have follow always the market in every industry , you can not use the same receipt always
To reform the business strategy is not the point here. All false analogies. Never mind. Trade well!
Member
Quoting TudorIoan
{quote} Hi, ...excuse me, where do you stand now, since you first started trading a few years ago? Lemme guess, still struggling and don't give up? But you feel encouraged... {quote} To reform the business strategy is not the point here. All false analogies. Never mind. Trade well!
lol another loser?

Lemme guess, couldn’t find an edge, then gave up and decided to project your own failure into others?

or your just a straight up troll.
After 7 years of full-time trading, I have to say that Forex traders make it unnecessarily difficult for themselves.
NQ/ES are soooooooo much easier to beat.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting PippityPips
{quote} When i first started trading a few years ago, i looked up all these statistics. The most damning was on my own broker "75% of clients lose". w What i think is funny is - most of these statistics motivate me and seem actually rather positive. im not going to write all day to try to change minds, however when i read: 80% of all day traders quit within the first two years. 1 Among all day traders, nearly 40% day trade for only one month. this alone, to me, seems very encouraging. of course someone trading for a month is likely to lose money....
Quoting PippityPips
{quote} lol another loser? Lemme guess, couldn’t find an edge, then gave up and decided to project your own failure into others? or your just a straight up troll.
Hey, I was nice to you, a little ironic but still nice... and you come back like a jerk, it's OK, I love to start the big guns.

Just as I imagined, you're still there, still jerking and cheering because obviously this addiction of yours feels good.
You're such a low scum and you prove yourself so dumb that you can't even figure for yourself how this casino works.
If 75% lose it doesn't mean that the other 25 win or break even as you imply. Time is the key word here, momo.
Is like saying, oh, I won 125% last month, oh, yeah, I'm so fkn great, ...but that doesn't necessarily make you a consistent winner, because you'll fuck everything up and everything you've got will be gone the next month as you sick addicts come for more to no end.
I got news for you, statistics don't "divide" consistent winners from the occasional winners either.
So you're a winner on one month time but a lame loser on two months time, congratz!
And so they are your 25% "winners".
Same kind of lame fallacy you morons use for the chart patterns or time frames...
Oh, yeah, your mind is wired differently ...differently like stupid.

Long run practice and application shows that overall FX is even worse than a zero sum game, it could even become a negative sum game ...I mean even if you mind the over-the-counter pool principle, you miss the strategic enormous pile of cash power coming in the arena form the high rollers which can possibly make 99% from all retail to lose on some particular period of time.
The fact that you never hear stats like saying 50% win and 50% lose should give you a hint ...that would make it a zero sum fkn game, but it's obviously not!

We also brought here arguments why there are only 50% odds for up or down, not only those statististics of losers ...but trolls like you open their big mouth without reading or studying anything before because they love to hit the slot machine before too much thinking.

And you prove yourself such a sneaky bastard also because you didn't even bother to read that I actually got a kind of "an edege" such as this "all green" robot I started in 2014. Even so, I do understand how a casino works.
Member
hahahah must say I really missed FF

At the end you need two things for a chance for long term trading success

"-reproducible analysis processes (whether technical, fundamental/macro, sentiment, statistical, order flow, preferably everything combined)
-how to turn reproducible analysis processes into trading systems

Systems with fixed rules don't remain successful on the market over the long term, unless you're extremely lucky.
The only systems that remain permanently successful are also permanently adapted and optimized."
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Something I look for in these pointless pissing matches, is how few folk talk about transaction costs. And who does.
You see my experience over 20 years has been that these ONLY really come into serious focus when you are long term winner.
If your system is losing, they are just PART of your problem ..But if youre system wins consistently they ARE your problem.
And the shorter your typical trade cycle is the bigger the TCs impact your profitability.
For the very few Folk who trade consistently profitable systems, on anything other than multi day/week position trades,
(where swaps and funding costs are the issue) its a continuous talking point.
Anyone?
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
Something I look for in these pointless pissing matches, is how few folk talk about transaction costs. And who does. You see my experience over 20 years has been that these ONLY really come into serious focus when you are long term winner. If your system is losing, they are just PART of your problem ..But if youre system wins consistently they ARE your problem. And the shorter your typical trade cycle is the bigger the TCs impact your profitability. For the very few Folk who trade consistently profitable systems, on anything other than multi day/week...
101%

Volatility/trading costs are the major reason I think futures are so much easier to beat long term.

I pay for a roundturn for 1 NQ contract 3.80$ commissions, with 1 contract I'm trading with 20$ per point.
If I make just 2p/8ticks, my trading costs are already <10%.

Since I'm working mostly with limit orders (Entry & TP) I don't pay a spread, I only pay additionally a spread to commissions when I get stopped out (market order)

If I make 10p = 200$ my trading costs are already <2%.

NQ has an average daily range of 250p...
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting TudorIoan
{quote} Frate Pizdos, ...come on, everybody knows that the PoS protocol of validation leads to more vulnerability in crypto. Because the individual (or group) stake value criteria actually leads to centralization. That makes a wide range of attacks way much worse than PoW and more possible, ...shit like Long-Range, Alternative History, Alternate History, History Revision, Nothing at Stake, Bribery attacks... It's common knowledge that the proof of stake model is less secure compared to the proof of work!! If then proven less...
Concentration of mining power is also centralization just very inefficient. But well yes I can't imagine completely decentralized systems adopted at government levels it just runs counter the idea of a state
Quoting PippityPips
{quote} lmao this is great copy paste material your obviously a troll but to the genuine people reading this: there are plenty of proven profitable traders. Don’t waste time on this thread. Go trade instead of sucking cock like this degen
Your bullshit has no meaning, no value, ...you just keep repeating the same stupidity without any reasonable argument, being gross vulgar, typically for lame sick trolling... Ignored!
Member
Regardless technicalities, fundamentals, subtleties about how the over-the-counter pool works, pushing risk management, soft martingales, and another ten thousand more "sound strategies"..... regardless all that, you little schmucks don't get simple things about how a big arena works.
The big money are always winning not because they are cheating, or they create confusion, or they throw you out if you're "too lucky", or they rigg your positions, or they fleece you by commissions, or they steal your system, or they are, wow, fkn professionals... no!!
They always win just because they are BIG !
And that's it.
Nothing more.

On the long run, there's no edge for anyone, it's all 50-50.
The odds are even for everyone - big or small - in this business. But the high rollers can stay solvent more than you the little retail bastards do.
That's the strategy.
And nothing more.

Sure, on the short run, anyone can be a champ. I know that because I really was!

And you still miss the point that time is the key word for a winning system.
Success in FX trading is only temporarily.

"Trading may have princes, but nobody stays a king. The people you meet on the way up, you will meet again on the way down." — Vincent from Brooklyn, NYSE floor trader
Member
Unwittingly, the small money are playing against the big money.
For some iditos I need to spell it. Like the pic below.

That means: even if the odds are even for everyone, "the big" win just because they are big. ...because ultimately they can obviously stay solvent more than you do!!
Attached Image (click to enlarge)
Click to Enlarge Name: tempy.png Size: 17 KB
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Forex understanding varies as it only comes from practice and is all about focus with will to learn.
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