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The 95% of losers, it's true?

  • #81
  • Jan 16, 2013 5:49pm Jan 16, 2013 5:49pm
the stats, as i understand it, are a collation

seperate all funds and there will be a small group doing very well, a group performing around the average (similar to or not much better than a term depsoit rate), and another group underperforming

Quoting Patience
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.
  • #82
  • Jan 17, 2013 1:46am Jan 17, 2013 1:46am
Quoting Patience
Attachment

http://www.barclayhedge.com/research...und_Index.html

Retail is four quarters of profits in the row : 0.1%.
Profezional statistics are :
-Funds in December 1500,
-Funds in November 3000.
chose not to report the funds of 1500 .

So, please also see:
Four quarters of profitable fund : ? %
  • #83
  • Jan 17, 2013 2:20am Jan 17, 2013 2:20am
Quoting PeterE
the stats, as i understand it, are a collation

seperate all funds and there will be a small group doing very well, a group performing around the average (similar to or not much better than a term depsoit rate), and another group underperforming
Yes, I understand that the figures are an average. But if those average figures are not net of management and performance fees which I understand the industry average to be 2 and 20, then those average figures are going to be even worse. I just assumed that they weren't net of management and performance fees though.

I was reading something the other day and someone was quoted as saying "In ten years time you won't be able to tell the difference between a hedge fund and a mutual fund" ... lol
Nothing worth having is easy.
  • #84
  • Jan 17, 2013 2:24am Jan 17, 2013 2:24am
Quoting fx_money
Retail is four quarters of profits in the row : 0.1%.
Profezional statistics are :
-Funds in December 1500,
-Funds in November 3000.
chose not to report the funds of 1500 .

So, please also see:
Four quarters of profitable fund : ? %
Oh, I don't know. I don't get too deep down and dirty with these figures. But please feel free to sign up to the site. It's free. You may find the information you require.

http://www.barclayhedge.com/
Nothing worth having is easy.
  • #85
  • Jan 17, 2013 5:06pm Jan 17, 2013 5:06pm
Yeah I am in the 95%.

Honestly I think the 5% that are profitable are the people who sell books, training materials, systems, indicators etc ( and ofcourse the brokers ).... that's the only way to make money.
  • #86
  • Jan 17, 2013 6:32pm Jan 17, 2013 6:32pm
Hmmm... Came to think about it, if there are 95% losers, and if there is a counterpart in every trade, then it is only logical that there are 95% winners on the other side. That would be a holy grail. The 5% profitable traders will obviously be a contrarian.

No wonder brokers are printing cash. And maybe, just maybe, this is how the game is designed.
  • #87
  • Jan 17, 2013 7:34pm Jan 17, 2013 7:34pm
Quoting Ishtana
if there are 95% losers, and if there is a counterpart in every trade, then it is only logical that there are 95% winners on the other side.
yes, this is exactly how it works. you have unlocked the secret of the universe. this is genius.

/sarcasm

i can't describe to you in any polite manner how bad this is. it's mind-blowingly bad logic. this is... just.... wow... it... asdfkljsdf

my brain hurts.

i have to put you on ignore. the 2 posts i've seen of yours lately are just that bad.
Congratulations ScalaFX for coming out of the closet!
  • #88
  • Jan 17, 2013 9:57pm Jan 17, 2013 9:57pm
LOL. I don't need nobody's validation. Nobody's sarcasm. I don't give a rat ass about what you think about me.

My profits talk for themselves.
  • #89
  • Jan 18, 2013 11:48am Jan 18, 2013 11:48am
Quoting nubcake
yes, this is exactly how it works. you have unlocked the secret of the universe. this is genius.

/sarcasm

i can't describe to you in any polite manner how bad this is. it's mind-blowingly bad logic. this is... just.... wow... it... asdfkljsdf

my brain hurts.

i have to put you on ignore. the 2 posts i've seen of yours lately are just that bad.

You seem like a very nice person in real life, nub.

/sarcasm

Being that this is in the rookie discussion, why are you bashing on rookies? On a high horse or something? Why not use that time you spent being negative and either not say anything at all or maybe... maybe... I don't know... but possibly maybe explain why that person is wrong? This is a place for rookies, and not a measuring competition, right?

There is always a counter party to a trade, yes. If 95% of the trades are losers, then only 5% of the trades are winners. If 95% of the traders are losers, then only 5% of the traders are winners. You go only up to 100%. Just simple math, no need to get brain hurt about it. However, I'd like to see the numbers that these percentages are based on.
Play the players, not the cards.
  • #90
  • Edited 6:56pm Jan 18, 2013 6:44pm | Edited 6:56pm
Quoting GnarlyPips
You seem like a very nice person in real life, nub.

/sarcasm

Being that this is in the rookie discussion, why are you bashing on rookies? On a high horse or something? Why not use that time you spent being negative and either not say anything at all or maybe... maybe... I don't know... but possibly maybe explain why that person is wrong? This is a place for rookies, and not a measuring competition, right?

There is always a counter party to a trade, yes. If 95% of the trades are losers, then only 5% of the trades are winners. If 95% of the traders...
this is the rookie, not idiot, section. some statements are just too dumb for words.

somehow you managed to do the grade 1 maths ok. i don't see why it's so difficult for others. it's not my job to educate people on things that are so banal that it's impressive how terribly backwards they have things, but some posts are just so dumb that they need to be pointed-out and made an example of.

people can do some due diligence and learn for themselves. i can't imagine 99.9% of "rookies" thinking that 95% losers means there must be 95% winners. that's beyond dumb, and beyond rookie.

i can only hope it was all just for a laugh and not genuine. it saddens me to think otherwise.

edit : i don't think it's asking that much that people bring at least a tiny bit of intelligence to their posts. If you didn't graduate primary school then trading is not for you. it's really that simple.
Congratulations ScalaFX for coming out of the closet!
  • #91
  • Jan 18, 2013 8:40pm Jan 18, 2013 8:40pm
Quoting nubcake
this is the rookie, not idiot, section. some statements are just too dumb for words.

somehow you managed to do the grade 1 maths ok. i don't see why it's so difficult for others. it's not my job to educate people on things that are so banal that it's impressive how terribly backwards they have things, but some posts are just so dumb that they need to be pointed-out and made an example of.

people can do some due diligence and learn for themselves. i can't imagine 99.9% of "rookies" thinking that 95% losers means there must be 95% winners....
I don't think it's asking that much that people bring at least a tiny bit of courtesy to their posts. If you want to make an example, why not show why they are wrong, rather than being negative? Do you like bashing on rookies?
Play the players, not the cards.
  • #92
  • Jan 18, 2013 9:12pm Jan 18, 2013 9:12pm
Quoting GnarlyPips
I don't think it's asking that much that people bring at least a tiny bit of courtesy to their posts. If you want to make an example, why not show why they are wrong, rather than being negative? Do you like bashing on rookies?
i don't suffer fools. as you are so 'polite' you'll just have to excuse me when i find something to be so reprehensibly ignorant that i feel it needs to be shut-down immediately. threads like this ask "is it really true that most people lose in trading", and then we have nuggets of brilliance from people that is just so terribly dumb that it leaves me lost for words sometimes. why is it hard to believe that most lose when most can't even tell their left from their right.

we'll discuss this in a few more years once you've had enough time to experience the displeasure of reading the collective brilliance of some posts, threads, and every post by certain specific members who are just beyond help. i'm sure by then you'll be less 'polite' and more 'real' with people.

until then we'll just have to agree to disagree. end of discussion.
Congratulations ScalaFX for coming out of the closet!
  • #93
  • Jan 18, 2013 10:28pm Jan 18, 2013 10:28pm
Quoting nubcake
i don't suffer fools. as you are so 'polite' you'll just have to excuse me when i find something to be so reprehensibly ignorant that i feel it needs to be shut-down immediately. threads like this ask "is it really true that most people lose in trading", and then we have nuggets of brilliance from people that is just so terribly dumb that it leaves me lost for words sometimes. why is it hard to believe that most lose when most can't even tell their left from their right.

we'll discuss this in a few more years once you've had enough time to...

I don't get why I would be reading every post by specific members who are just beyond help. Is this what you do? If so, I'd advise not doing that. Especially if displeases you.
Play the players, not the cards.
  • #94
  • Jan 18, 2013 10:43pm Jan 18, 2013 10:43pm
Quoting GnarlyPips
I don't get why I would be reading every post by specific members who are just beyond help. Is this what you do? If so, I'd advise not doing that. Especially if displeases you.
no, and i don't encourage you to, and that's not quite what i was meaning but that's my fault for being less clear than i could have been. some people are everywhere and you simply can't avoid their posts, even when you put them on ignore. when half of the conversations revolve around something they may or may not have said and you are only seeing the replys from non-ignored people and getting only part of a conversation.... you see where i'm going with this?

in another year or 2 i'm sure you'll either have left the forum, or are just as 'polite' as i am... and as some others also are.

you can smack them on the nose with a rolled-up newspaper, or coddle them into submission. one is easier and more efficient than the other.

now i really am done with this line of discussion. make of it whatever you want. i'm not here to give you an education on why i'm an asshole to certain people, and not to certain others. you'll figure that out all on your own in your own time. peace out.
Congratulations ScalaFX for coming out of the closet!
  • #95
  • Jan 18, 2013 11:28pm Jan 18, 2013 11:28pm
Quoting nubcake
no, and i don't encourage you to, and that's not quite what i was meaning but that's my fault for being less clear than i could have been. some people are everywhere and you simply can't avoid their posts, even when you put them on ignore. when half of the conversations revolve around something they may or may not have said and you are only seeing the replys from non-ignored people and getting only part of a conversation.... you see where i'm going with this?

in another year or 2 i'm sure you'll either have left the forum, or are just as 'polite'...

I just think there's a difference between just being an ass and being an ass with class.
Play the players, not the cards.
  • #96
  • Jan 19, 2013 5:25am Jan 19, 2013 5:25am
forexfactory..see what happens when folks stop being polite and start being the rude, real traders.

lol

http://www.ebaumsworld.com/video/watch/82403936/
NocturnalFX is no longer offering commercial services
  • #97
  • Jan 19, 2013 11:34am Jan 19, 2013 11:34am
About the actual thread topic,

In forex 95% of speculators might lose, but the successful 5% aren't really taking their money. Speculators are a minority in fx. The idea is a lot closer to the truth with equities, but I don't think an overall success rate of 5% is realistic there...
  • #98
  • Jan 31, 2013 1:55am Jan 31, 2013 1:55am
Research on profezionels income.
It is not - trading well.
It is - Management fee.
Performance fee only chance star trading in team.
Star trading gives bug money to team. Star not a lot.
  • #99
  • Feb 3, 2013 8:11am Feb 3, 2013 8:11am
The 95% of losers, it's true?


Who knows?
I doubt anyone knows how many people lose.
95% is a number that was thrown out- sounded good- and kept being repeated.


Since this is Super Bowl Sunday, here is a good example of what I'm talking about.

Several years ago it became "common knowledge" that wife beatings took a sharp increase on Super Bowl Sunday- alcohol, macho-ism etc all played a part. Someone said it and everyone believed it.
One large city police department brought in extra officers to cope with this phenomenon.

Finally someone looked at the statistics and it was a total lie. There was no difference between Super Bowl day and any other day.
  • #100
  • Feb 8, 2013 7:29pm Feb 8, 2013 7:29pm
Quoting billbss
The 95% of losers, it's true?


Who knows?
I doubt anyone knows how many people lose.
95% is a number that was thrown out- sounded good- and kept being repeated.


Since this is Super Bowl Sunday, here is a good example of what I'm talking about.

Several years ago it became "common knowledge" that wife beatings took a sharp increase on Super Bowl Sunday- alcohol, macho-ism etc all played a part. Someone said it and everyone believed it.
One large city police department brought in extra officers to cope with this phenomenon.

Finally...





You are correct. lots of examples....They say smokers use up health care. Not true, non-smokers live longer and use on average about 150k more in health care during their lifetime. They say if they raise the price of cigarates, people will smoke less but they still raise our taxes even though its the same analogy. Its the frame of reference and a lie to the common truth that people believe on any given day. What does it have to do with trading?. Well, are you making money or not? I would say most are not because there are only a few ways to make consistent money in forex/cash based trading. In this game ----there is always a buyer thinking its going to go up and a seller thinking its going down. Thats what makes it difficult. The spread goes to the house. Either you run out of buyers to push the market up or you run out of sellers. its that simple. So 55% percent or 95% or 99% who knows. I don't think anyone does. One day, my mt4 ea got stuck and opened over 300 trades. They were all positive. Made more money than I did in the previous 3 years. I guess that makes me a successful trader? really!
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