The 95% of losers, it's true? | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Winners scale winners, losers scale losers 12 replies

POLL: Are you profitable? Is the 95% losers myth true? 32 replies

If losers average losers, then I am a loser 10 replies

Zalesky - 25 Rules Of Trading - Winners Bigger Than Losers 5 replies

Winner vs. Losers (Size) - Could Use Some Advice. 11 replies

Attachments: The 95% of losers, it's true?
Exit Attachments

The 95% of losers, it's true?

  • #61
  • Dec 12, 2012 1:44pm Dec 12, 2012 1:44pm
Quoting TPOTrader
well i guess i've been guessing and gambling the last 6 years of trading.

I have this magic number that i want my account to reach at before i quit. BY quitting, i mean actively quit from daytrading. I always have this cautionary fear that brokers can go bust and your 'account' which is nothing more than just electronic nubmers can dissapear just like that.

I want to use the money to invest in hard tangible asssets (properties, land, etc.) At least those things don't just dissapear in thin air..(maybe during a nuke)
Six years of consistent profit is obviously NOT beginner's luck. IMO daytrading makes your result even more impressive.

As a trader, I share your concerns (especially as some big banks have collapsed during the current crisis), and I believe there's a good case for diversification across multiple br0kers, and/or maintaining only enough funds with any br0ker to avoid a margin call.

My "gamblers" comment was aimed more at those who quit because they have reason to be afraid that their strategy may no longer work profitably tomorrow. Or, for example, martingale traders who withdraw money periodically because their account could implode at any point.

If a trader has a profitable strategy, and employs safe risk management, then whether, or when, to quit is obviously a personal decision.
  • #62
  • Dec 12, 2012 2:59pm Dec 12, 2012 2:59pm
I say its time we fight back.
We unionize.
We tel em where the price needs to go.
We make sure EU Brussels passes a law where it is ensured that traders paying the union fee are informed 20 minutes before of possible price movement.

Profit to the people.
  • #63
  • Dec 12, 2012 7:12pm Dec 12, 2012 7:12pm
Quoting Kissa
I say its time we fight back.
We unionize.
We tel em where the price needs to go.
We make sure EU Brussels passes a law where it is ensured that traders paying the union fee are informed 20 minutes before of possible price movement.

Profit to the people.
Lol if you cant be in the money under these conditions i doubt your in the right business
  • #64
  • Dec 20, 2012 10:59am Dec 20, 2012 10:59am
Actually I think the 97% blend, and only 3% in constant forex get profit.Tak like here to learn, and not a month or two.
  • #65
  • Dec 24, 2012 2:18am Dec 24, 2012 2:18am
The 95% of losers, it's true? I hope it s big false! : )
  • #66
  • Jan 14, 2013 1:39am Jan 14, 2013 1:39am
Quoting andrei-irk
I'm newbie of course. I knew FX and forexfactory only 4 months ago. I read many of articles here and i have two very simple questions.
Everywhere, we see this and make it as an alert: 95% traders go with the win each year, only 5% survive. These words appearred in 70-80 decades, now all the world we have indicators, patterns, autochartist, so this ratio is true untill now? if it's right, from where we have such many people participate in FX everyday ?
The second question is that do you know what legends of the FX today? ( and the...
This may be of interest to you :

http://forexmagnates.com/q3-2012-us-...fx-pro-on-top/
  • #67
  • Jan 14, 2013 3:33am Jan 14, 2013 3:33am
Quoting GB Trader
This may be of interest to you :

http://forexmagnates.com/q3-2012-us-...fx-pro-on-top/
Here's another angle: apparently only 4 retail traders in every 1,000 achieve four consecutive profitable quarters.

Which set of statistics is closer to the truth? Take your pick.
  • #68
  • Jan 14, 2013 3:56am Jan 14, 2013 3:56am
Quoting hanover
Here's another angle: apparently only 4 retail traders in every 1,000 achieve four consecutive profitable quarters.

Which set of statistics is closer to the truth? Take your pick.
Indeed, the picture is grim.

"Lies, damned lies, and statistics"
  • #69
  • Jan 15, 2013 4:52am Jan 15, 2013 4:52am
Quoting hanover
Here's another angle: apparently only 4 retail traders in every 1,000 achieve four consecutive profitable quarters.

Which set of statistics is closer to the truth? Take your pick.
no stats for profezionals? retailers have other jobs?
  • #70
  • Jan 15, 2013 7:34am Jan 15, 2013 7:34am
Quoting fx_money
no stats for profezionals? retailers have other jobs?

Yes, here's how those boys from those posh schools are doing. Says a lot for brains doesn't it?


Attached Image (click to enlarge)
Click to Enlarge Name: barclay hedge fund.png Size: 40 KB


http://www.barclayhedge.com/research...und_Index.html
Nothing worth having is easy.
  • #71
  • Jan 15, 2013 8:15am Jan 15, 2013 8:15am
i want see is :
- number off funds at each month
- number off new funds at each month
- number of same funds at each month
  • #72
  • Jan 15, 2013 10:23am Jan 15, 2013 10:23am
Quoting Kissa
I say its time we fight back.
We unionize.
We tel em where the price needs to go.
We make sure EU Brussels passes a law where it is ensured that traders paying the union fee are informed 20 minutes before of possible price movement.

Profit to the people.
lol! dis is wickedly funny.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #73
  • Jan 15, 2013 2:59pm Jan 15, 2013 2:59pm
well at just +3.17%/yr they would be better off breaking the fund up and taking out numerous term deposits at 5%/yr interest

the Term Deposit Hedge fund.........we use algorithms to determine which "global" term deposit offers the best rate of return

Quoting Patience
Yes, here's how those boys from those posh schools are doing. Says a lot for brains doesn't it?


Attachment

http://www.barclayhedge.com/research...und_Index.html
  • #74
  • Jan 15, 2013 3:15pm Jan 15, 2013 3:15pm
Quoting Patience
Yes, here's how those boys from those posh schools are doing. Says a lot for brains doesn't it?


Attachment

http://www.barclayhedge.com/research...und_Index.html
Patience,
I found this for currency hedge funds.

Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 66 KB
NocturnalFX is no longer offering commercial services
  • #75
  • Jan 15, 2013 6:09pm Jan 15, 2013 6:09pm
Quoting fx_money
i want see is :
- number off funds at each month
- number off new funds at each month
- number of same funds at each month

Would you like fries and a drink with that?
Nothing worth having is easy.
  • #76
  • Jan 15, 2013 6:11pm Jan 15, 2013 6:11pm
Quoting PeterE
well at just +3.17%/yr they would be better off breaking the fund up and taking out numerous term deposits at 5%/yr interest

the Term Deposit Hedge fund.........we use algorithms to determine which "global" term deposit offers the best rate of return


I know, those average returns are really rather sad. The hedge funds are for people with too much money.
Nothing worth having is easy.
  • #77
  • Jan 15, 2013 6:19pm Jan 15, 2013 6:19pm
Quoting TPOTrader
Patience,
I found this for currency hedge funds.
Yeah, thanks for putting that one out there. I have seen it before but didn't spend enough time looking for it. Those returns are rather sad all around.

Enjoying your journal. I didn't want to comment in there because I've messed up enough journals in my time with my inane comments.
Nothing worth having is easy.
  • #78
  • Jan 16, 2013 11:16am Jan 16, 2013 11:16am
Quoting Patience
Would you like fries and a drink with that?
LOL!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #79
  • Jan 16, 2013 3:52pm Jan 16, 2013 3:52pm
Aren't the numbers on the rate of returns of hedge funds skewered since they include management and performance fees?
Play the players, not the cards.
  • #80
  • Jan 16, 2013 5:34pm Jan 16, 2013 5:34pm
Quoting GnarlyPips
Aren't the numbers on the rate of returns of hedge funds skewered since they include management and performance fees?
I don't know but, if that is the case, then I do hope that those figures include management and performance fees because it couldn't get much worse.
Nothing worth having is easy.
0 traders viewing now