Are Traders Programmed to Fail?

The GREATEST LIE is the one that containes HALF TRUTH...

FOREIGN EXCHANGE and the other FINANCIAL MARKETS (precious metals, commodities, bonds, stocks, options) may be the ONLY WAY to get FINNANCIAL INDEPENDENCE and FREEDOM in today's ECONOMY... (Financial Freedom means to be able to sustain your living and comfort financial and survival needs, for you and your family - from your current savings, for the rest of your life even if you don't obtain other income from that time on. Ex: if you have 500.000$ in your savings, and your monthly needs expenses are 1000$ , you have insured 500 months, or about 41 years an a half for your current living, if your savings gain at least the yearly inflation to protect them, even if you don't obtain any other income for the rest of your life)

Next to Real Estate Market (which has a long time to even start recovering) and Businesses (which are harder and harder to manage because of the law environement and the lack of support from governements for small and medium companies), the FINANCIAL DERRIVATIVES are the best way to keep track with the growing inflation of the world currencies...

However I strongly believe there is no such thing as FREE MARKETS (With the PRICE formed freely from the DEMAND-SUPPLY Relation) in today's Economy and Financial Markets. That is why the ILLUSION of FREEDOM (based on false roumours, and mass-media false specialists, late informations etc.)


Have You ever wondered why so many time you follow your Fundamental and Technical Analysis, see an opportunity, but you are not able to make the order to enter the market , loosing the momentum... and after that you enter a trade in a much weaker setup, make the order, and the market turns against you?...

Well... YOU ARE MENTALY and EMOTIONALY PROGRAMMED TO MAKE THOSE WEAKER ORDERS FROM YOUR TRADING EDUCATION... EMOTIONS SHOULD BE COMPLETELY REMOVED FROM YOUR TRADING STRATEGY... TRADE LOGIC 100%, FOLLOW YOUR TRADING PLAN, AFTER BACKTESTING YOUR STRATEGY and SYSTEMS FOR AT LEAST 50 TRADES.http://4-www-accel-pss.googleusercon...3804_thumb.jpg

I wrote this article on an Forex Article Contest on another site. This article is not as much about FAILING as it is about Your Successful Mentality of Gaining Financial FREEDOM... You can Read the article and post comments in this thread if You want to have a constructive discution.


- WHAT DOES FREEDOM MEAN FOR YOU?

- WHAT DOES SUCCESS MEAN TO YOU?

- WHAT DOES FAILURE MEAN TO YOU?

How can something that could offer you freedom, take you freedom away??

Guys think of it this way: How much money do You need to sustain your living comfort and needs for the rest of your life, if you stop working from tommorow??
Do You really need money to be free? Or are you free when You don't really need money, when the other humans are all that you need and all that it matters? Could you be more successfull at trading than(it will be just passion)?


PS: I've been made a commercial member because I've posted some links to some free videos I found on the internet about NLP and Trading. I do not promote any service or product on my threads.
Thank You.

Doctortyby,
Economist, Entrepreneur, Trader

Only this guy can be emotionless...or can he?

People can be mentally programmed, and the majority is really programmed every day through mass-media, Television, internet etc.
N.L.P. is the science that explaines this fact.
You can be programmed to do or not to do something through your emotions.
You can also programme yourself for success or for failure.

To your success,
Doctortyby

True, so if you trade for a longer time you will eventually re-program yourself...

//---

the answer to the question is....... no...... they are not......h

Not necessary programmed to fail but very few are programmed for success.

99% of new "traders" entering the game of trading are programmed to "not take a loss" which always leads to failure. This is human nature/culture....where you play to "win"....99% of most people are not raised to take a "good loss"? It takes years to learn how to take a loss... I can't think of any other profession where losing is such a critical aspect of whether or not you can be profitable. Even in sports....losing any one game does not necessarily mean you will lose your life's savings. Even when the players lose a game...they still get paid at the end of the day. Even if you make a mistake in a document on your job....the mistake has a chance to be caught as it goes thru the review process. If you make one bad trading decision there is no turning back.....you can end your trading career pretty quickly if the mistake is large enough. You have to deprogram yourself and move from a "must win" mentality to a "must protect" mentality. You absolutely must protect your account from massive losses. It may take 3 or 4 years for many of you to grasp what I am saying.

You are absolutely NOT programmed to fail.....my broker told me to say.

Are humans programmed to fail at survival?

Self discipline and money management are thought to be the keys but is it really true? You cannot remove emotion , but you can know your faults. And an overemphasis on MM, implies a lack of understanding and self-confidence. Self discipline and MM are external controls, talked about in all books - but look at all the failures. Something is wrong if so many tout it and yet so many fail. A deep understanding of the market is the overlooked key. The market will impose its discipline whether you like it or not, or whether you even know it exists. It is internal to the market and so is intrical. IMHO - failure in trading is not programmed - its taught.

NO, traders are not programmed to fail. The big problem is that a lot of traders are not emotionally ready or fit before they dabble into the business.

A lot of us think getting a strategy is the key, but the fact is I have seen same strategy two traders but different results, though a lot of other factors are involved but chief among them is traders' emotions.

The best way to handle emotions is...

kos

Have you ever wondered why 99% (some say 95%) of retail traders fail to profit from the FOREX MARKET, COMMODITIES MARKET, STOCK and BONDS MARKET. Could it be:

 

1. that traders don't have a minimum of FINANCIAL EDUCATION, and their trading is based on gambling (even if they don't realise it)?
2. that traders interpretate wrong the MASS OF TRADERS PSYHOLOGY, because they were thought this way?
3. FUNDAMENTAL and TECHNICAL ANALYSIS goes against them, because the INSTITUTIONAL TRADERS, and HEDGE FUNDS are always one step ahead (they don't follow the news, they make the news; "BUY THE ROUMOUR SELL THE FACT" works only for those who have the INFORMATION)?
4. the lack of a TRADING PLAN, wrong MONEY MANAGEMENT?
5. STOP LOSS HUNTING takes them out of the market before the price goes in the direction of their forecast?
6. they THINK TOO MUCH BEFORE MAKING AN ORDER, and CHANGE THEIR MINDS VERY EASY? (why is that?!?)
7. FEAR and GREED makes the retail traders stop following their trading plan rules?
8. That they wait to much that the MARKET CONDITIONS to be PERFECT, and loose the MOMENTUM?
9. the use of only too small time frames (5 min, 15 min, 30 min), while the bigger picture is forgotten (daily, weekly, monthly)?
10. Financial Markets are driven by INSTITUTIONAL TRADERS ORDERS, and not the retail brokers?
11. ALL OF THOSE ABOVE... AND MORE ??...

Where's the meat?

So far, all you've done is tried to drum up traffic for your article on another site.
With nothing to show here, you'll forgive me for wondering what snake oil you're peddling.
Bring it on board, if you want to have a discussion.

Hello Coda,

I've written this article: "Are Retail Traders Programmed to Lose from the Start!", and I've posted this article on an Article Contest on another site.
If the subject has any meaning to you or another trader, you read it and you like it or not. You are free to reply or not.
This article is a protest of mine against the poor and false mental education for financial traders when they begin to learn the financial markets.
The fundamental and technical analisys is provided closer to the truth but the emotional factor of trading ruins all the psihology of a good trading decision when one trader enters the market. YOU THINK THEY ARE YOUR TRADING DECISIONS BUT THEY ARE RATHER NOT... It is nothing paranormal or ocult about this fact. All can be explained by Mental Programming using simple instruments on a subliminal level of your subconscious...
Generally speaking, You should know by now that your subconscious registers all the information that he gets , even if you realise what you see, hear, or feel or not.
Experienced mentalists, hypnothists or even hustler could programme your subconcious at a subliminal level, with simple words or getures, to take different decissions in the near future, that you take as your own or don't even know that you take them. It is the same with trading education and trading decisions... WHO PROFITS FROM YOUR MENTAL PROGRAMMING?...
That is simple...
Hope I have given you a straight answer. I'm wainting for your reply regarding the subject.

To your success,
Doctortyby,
Economist, Trader

A squirrel running circles in the road before an approaching car isn't programmed to die... yet he does it anyway.

You cannot even begin to compare Human Psihology and Subconcious with the Mental Programming of an animal... even if you talk in riddles

FEAR drives the Squirrel straight to DEATH... FEAR frizes the squirrel, just like some traders are frozen from FEAR in front of a trade that turns against them, and drives them to a margin call.

Doctortyby

You cannot win 1.000.000$, if you are emotionaly concerned for every win or loss trade in your trading journal. In order to succeed you must believe in yourself that you are able to do that. In order to succeed every small step that you make should be in that direction.

To your success,
Doctortyby

My point was to not over-think things. Most traders fail, not because they're pre-programmed, not because their thinking is altered or distorted, but simply because they haven't learned the skill set required to trade before they give up, either voluntarily out of frustration or involuntarily from being out of money.

Trying to find underlying psychological issues is missing the forest through the trees. A trader just needs to man up and learn why that last trade failed.

Here is the story:
The Seasoned Trader Feeds on the New Trader

As you keep trading, they’ll be on the other side, putting YOUR
cash into their pockets.

If you want to be part of the few... find what works, experience is the only one that counts. No shortcut.

I would give your paper a C- as it contains "half truths". I'll start with the "EMOTIONS SHOULD BE COMPLETELY REMOVED FROM YOUR TRADING STRATEGY".

While emotion should be removed from your strategy you can't be emotionless about trading. That would be the same as saying "I just don't give a damn".

Emotion, fear and greed, are some of the primary drivers of the forex market. Strive to detach yourself from emotional trading (I am emotional about trading yet I don't TRADE EMOTIONALLY) while reading the emotions of the masses and you may be one step closer to successful trading.