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We Are The 1%

  • #41
  • Dec 12, 2011 3:15am Dec 12, 2011 3:15am
Quoting hanover
What about the big banks, commercials, central banks, fund managers, etc. Where do they fit into your 1%/99% model? Are you saying that 99% of these guys lose? If not, then given that small retailers comprise less than 10% of the spot market, where do the heavyweights get their liquidity from?
well when the big banks lose, they call bernanke
  • #42
  • Dec 12, 2011 3:22am Dec 12, 2011 3:22am
Quoting flyingiguana
well when the big banks lose, they call bernanke
good one
  • #43
  • Edited 6:29am Dec 12, 2011 3:27am | Edited 6:29am
I think the 99% are jelouse , they would want to be the 1% , but are not smart enough to get there .
  • #44
  • Dec 12, 2011 3:27am Dec 12, 2011 3:27am
I am in 99% category so I am also interested to join 1% category. Even 1% category traders would not be interested to share their system or secret.
  • #45
  • Edited 7:16am Dec 12, 2011 3:31am | Edited 7:16am
Classic Poll, that's so funny

I'd teach anyone I thought deserved it, and no one that wouldn't do the same for me if the situation were reversed. That doesn't leave a lot of candidates. I don't claim to be in the 1% of traders in the world though...
Time hides Nothing
  • #46
  • Dec 12, 2011 5:02am Dec 12, 2011 5:02am
Quoting LeanLowFx
I think the 99% are jelouse , they would want to be the 1% , but are not smart enaugh to get there .
  • #47
  • Dec 12, 2011 5:26am Dec 12, 2011 5:26am
interesting to see that as now 65% of traders are in the 1% (as poll)
  • #48
  • Dec 12, 2011 5:56am Dec 12, 2011 5:56am
Quoting tunera
interesting to see that as now 65% of traders are in the 1% (as poll)
  • #49
  • Dec 12, 2011 6:31am Dec 12, 2011 6:31am
Quoting TheDivine
You are right that good traders can see naked chart and know where is going to go, but that understanding of market you get with screen time when your brain I seeing direction without additional tools. Also there is thousand ways to catch fish or skin a cat. Only thing that prevent traders from being profitable is them selves.

Lot's of times I open 4HR chart or Daily chart, i take a look, I immediately see, what next I should do and what are the chances, just with trading 4HR charts and checking the Daily.

You can use what ever indicator you wan't...
This is a great post. This is key to reach the 1% club. All the best theDivine, you have the right mindset.
  • #50
  • Dec 12, 2011 7:02am Dec 12, 2011 7:02am
This poll, the results of it so far and some or the responses here, just show how much wannna be traders lie to themselves and others online. (And also why you should take everything written on forex factory with a grain of salt)

17, 1%, 12, 99%......................lol sure. One guy even counted himself in the 1% just because he keeps failing and coming back.

1% is the wildly profitable traders, you are not a 1%er unless you are a millionaire.........demo doesn't count turning a 10$ account into a 100$ doesn't count.

LOLOLOL what a bunch of liers, can't even tell the truth to themselves.
  • #51
  • Dec 12, 2011 11:44am Dec 12, 2011 11:44am
Quoting geosanuy
Figures recently released by two large brokers, Oanda and GFT show over 30 % of their traders were profitable in the previous quarter.
This is a myth that keeps spreading as even marginally profitable traders like to feel they are members of some especial elite.
Same thing goes for IBFX ..those stats are only for 90 days..after 6 mo's the number jumps to 90% losers, but they won't tell you the truth about that..and after 2 yrs 99% lose..after 5 yrs...Its pure logic..if 70% lose in 90 days, 90% will lose in 120 days..to think otherwise is illogical.

Ever wonder why guys open brokerage firms? They'll tell you they're master traders. They must love to deal with the millions of questions and complaints from newbie's..why don't they just hire their best traders and close shop and trade for a living lol. So far, in the voting, 19 have claimed to be in the 1% group..and we all know traders don't lie.
entry - 1.29250 s/l 200 pips
  • #52
  • Dec 12, 2011 12:15pm Dec 12, 2011 12:15pm
  • #53
  • Dec 12, 2011 3:20pm Dec 12, 2011 3:20pm
I work fulltime in real estate investment, and officially joined the top 1% this year...but in spirit, I'm with the 99%. It's not right that Wall Street uses politicians as sock puppets to rig the game, just like it's not right that the defence lobby does the same to get the US into expensive wars that only profit them.
  • #54
  • Edited 9:23pm Dec 12, 2011 9:10pm | Edited 9:23pm
Quoting 4exNinja
I work fulltime in real estate investment, and officially joined the top 1% this year...but in spirit, I'm with the 99%. It's not right that Wall Street uses politicians as sock puppets to rig the game, just like it's not right that the defence lobby does the same to get the US into expensive wars that only profit them.
The thread title can be misinterpreted. I understand the question being asked in the poll as to whether you are profitable or not profitable in trading. Not whether you are in the 1% most wealthy or in the top 1% earnings within in your industry (ie real estate investment). Perhaps the Occupy Movement montra of 1% versus 99% is what lead to the confusion. How the thread starter came up with 1% versus 99% as the ratio of successful to non-successful traders is beyond my knowledge. I don't think anyone knows the real answer. Some say it's 5% while others say it's more (or less). One thing that is certain is that the successful traders are in a minority.
  • #55
  • Dec 12, 2011 9:34pm Dec 12, 2011 9:34pm
^
  • #56
  • Dec 13, 2011 7:48am Dec 13, 2011 7:48am
Any 1% cares to share with me their strategy? Thanks.
  • #57
  • Dec 13, 2011 8:02am Dec 13, 2011 8:02am
I'll say I'm still part of the 99%, though I'm earning from forex trading but in my opinion I still lack the knowledge to earn a spot with the 1% , I still make some risks and lose some trades and have to learn more.

I agree that people that work hard on their strategies have the right to NOT share it. a winning strategy is not easy to acquire. but still people share tips and thats a lot of help.
  • #58
  • Dec 13, 2011 9:11am Dec 13, 2011 9:11am
Quoting jiggz
I'll say I'm still part of the 99%, though I'm earning from forex trading but in my opinion I still lack the knowledge to earn a spot with the 1% , I still make some risks and lose some trades and have to learn more.

I agree that people that work hard on their strategies have the right to NOT share it. a winning strategy is not easy to acquire. but still people share tips and thats a lot of help.
  • #59
  • Dec 13, 2011 9:44am Dec 13, 2011 9:44am
Quoting dvc11
Any 1% cares to share with me their strategy? Thanks.
go with the trend
  • #60
  • Dec 13, 2011 10:57am Dec 13, 2011 10:57am
Quoting dvc11
Any 1% cares to share with me their strategy? Thanks.
yes go with the trend if you can figure out if there's a trend or not
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