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Myth Buster: 90-95% of traders cannot survive in trading 32 replies

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Attachments: 95% traders go broke, only 5% survive
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95% traders go broke, only 5% survive

  • #21
  • Quote
  • Apr 25, 2013 8:13am Apr 25, 2013 8:13am
Quoting soultrader
{quote} no, i meant not another 95% lose thread lol
99.6% loze. Brokr rezirsh.
1000 traiders: 4 win. 996 lozers
  • #22
  • Quote
  • Apr 27, 2013 7:34am Apr 27, 2013 7:34am
thank you ,thank you, for all the comment,
I just wondered
why do people find it difficult to be honest with himself and others

sc
if there is something you should keep secret,simply just save it,, so, just
  • #23
  • Quote
  • Apr 27, 2013 1:14pm Apr 27, 2013 1:14pm
I believe that many of the people who lose money in forex are small accounts,
with new traders who are "gambling." I don't know a huge amount about trading.
I have only been at it less than a year. But, I sure hope I make it.
  • #24
  • Quote
  • Apr 29, 2013 5:33am Apr 29, 2013 5:33am
I am not taking forex trading as full time work so I am not worried about how many % is losing in this business. I just know my results. I am in net profits since I started trading. It is small money but it is profit.
  • #25
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  • Apr 29, 2013 7:40pm Apr 29, 2013 7:40pm
actually 95% is too low, the stat is closer to 99.6%

an academic researchers findings show that only 0.4% of retailers are able to make 4 or more back-to-back profitable quarters

you will be extremely hard pushed to find anyone at FF who has 4 back to back profitable quarters and using decent lot size, whilst employing sensible risk parameters

of course many will tell you they can, but talk is cheap


..................but that doesnt mean one shouldn't try, for it can be done; nevertheless it's prudent to understand the odds
  • #26
  • Quote
  • Apr 30, 2013 1:43am Apr 30, 2013 1:43am
Quoting PeterE
actually 95% is too low, the stat is closer to 99.6% an academic researchers findings show that only 0.4% of retailers are able to make 4 or more back-to-back profitable quarters you will be extremely hard pushed to find anyone at FF who has 4 back to back profitable quarters and using decent lot size, whilst employing sensible risk parameters of course many will tell you they can, but talk is cheap ..................but that doesnt mean one shouldn't try, for it...
wow! I must be in the 0.4% camp.I honestly can't see how I can have an unprofitable quarter .....maybe a month or two as per my system stats.I believe most traders don't have a real edge.

unless I do something extremely stupid ....you never know!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #27
  • Quote
  • Apr 30, 2013 2:45am Apr 30, 2013 2:45am
--------

Quoting pemully
{quote} wow! I must be in the 0.4% camp.I honestly can't see how I can have an unprofitable quarter .....maybe a month or two as per my system stats.I believe most traders don't have a real edge. unless I do something extremely stupid ....you never know!
Quoting PeterE
of course many will tell you they can, but talk is cheap
  • #28
  • Quote
  • Apr 30, 2013 3:18am Apr 30, 2013 3:18am
Quoting PeterE
-------- {quote} {quote}
yep....there is nothing as offensive as saying you are profitable in forums...and I'm not talking of silly claims of 1000% a year.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #29
  • Quote
  • Apr 30, 2013 3:37am Apr 30, 2013 3:37am
friend, i am more than happy for you to be profitable

but typing at a trading forum doesnt constitute evidence; as such there is no rational reason for me to believe you, nor for you to believe me, should i post such a claim......surely you would agree

this is a matter of logic, dont take it personally

Quoting pemully
{quote} yep....there is nothing as offensive as saying you are profitable in forums...and I'm not talking of silly claims of 1000% a year.
  • #30
  • Quote
  • Apr 30, 2013 5:27am Apr 30, 2013 5:27am
Having spent most of last year being unprofitable I have so far had one quarter profitable this year.
The current quarter is continuing in that vein - leaving me plenty of time to screw it up.

I was posting evidence of my gradually declining account, and that helped me to be honest with myself about my under-achievements.
When I get to e.o.June, and if I continue profitably, I will feel inclined to up-size my account and traded contracts, and try to retain my mental state.
Until then I continue with my beer-fund until I make it work.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #31
  • Quote
  • Apr 30, 2013 5:45am Apr 30, 2013 5:45am
Quoting PeterE
friend, i am more than happy for you to be profitable but typing at a trading forum doesnt constitute evidence; as such there is no rational reason for me to believe you, nor for you to believe me, should i post such a claim......surely you would agree this is a matter of logic, dont take it personally {quote}
That is almost what struck me while reading this forum. Is there a solid correlation between forum-activity and successfull trading?
PECUNIA NON OLET
  • #32
  • Quote
  • Apr 30, 2013 5:59am Apr 30, 2013 5:59am
Quoting CurtisNewton
{quote} That is almost what struck me while reading this forum. Is there a solid correlation between forum-activity and successfull trading?
Welcome to the forum.

There is definitely cause for suspicion, but it depends upon the nature of the postings. Those who try to help you fix yourself are probably genuine. Those who tell you what you should be trading are probably self-aggrandising. Those who spend too much time posting are not trading.

Even Merlin admitted that time on the forum was disturbing his trading.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #33
  • Quote
  • May 1, 2013 6:11pm May 1, 2013 6:11pm
95% of people fail at trying to do anything successfully, not just trading. Why do you think the top 1% controls like 90% of the wealth in America?
  • #34
  • Quote
  • May 1, 2013 6:59pm May 1, 2013 6:59pm
Once your fully committed to something you can achieve miracles. It's better odds than the lottery. it's pretty damn good odds when you consider that there's 5 winners in every 100 players which equates to you only having to actually beat 19 other people and the remaining 4 competitors join you in the next round (battle) but with the advantage of already experiencing the previous game....... All we need to do is not give up and we will win through default.
  • #35
  • Quote
  • May 2, 2013 10:19am May 2, 2013 10:19am
I personally think that you can only do it if you have some kind of mentor to guide you at the beginning.

Do you know any one that made it by his own?
  • #36
  • Quote
  • May 2, 2013 8:12pm May 2, 2013 8:12pm
big_pipin: 95% of people fail at trying to do anything successfully, not just trading. Why do you think the top 1% controls like 90% of the wealth in America?

Insiders have at least three persistent 100% advantages, 1. collusion, they work together, we don't. 2. they can hide right on this site cleverly disguised behind a pseudoname. 3. They front us with formidable computers.
  • #37
  • Quote
  • May 2, 2013 8:17pm May 2, 2013 8:17pm
Quoting jgray110
big_pipin: 95% of people fail at trying to do anything successfully, not just trading. Why do you think the top 1% controls like 90% of the wealth in America? Insiders have at least three persistent 100% advantages, 1. collusion, they work together, we don't. 2. they can hide right on this site cleverly disguised behind a pseudoname. 3. They front us with formidable computers.
I own two businesses and trade. That's essentially three businesses.

And guess what?

I price theft into every model.

Of course there's nonsense going on behind closed doors. Of course every now and again S*ros and some friends move the market 500 pips just to clear the market.

But a nimble player/business person should be agile enough to manage occasional collusion.
  • #38
  • Quote
  • May 6, 2013 12:21am May 6, 2013 12:21am
Quoting Exodus
Having spent most of last year being unprofitable I have so far had one quarter profitable this year. The current quarter is continuing in that vein - leaving me plenty of time to screw it up. I was posting evidence of my gradually declining account, and that helped me to be honest with myself about my under-achievements. When I get to e.o.June, and if I continue profitably, I will feel inclined to up-size my account and traded contracts, and try to retain my mental state. Until then I continue with my beer-fund until I make it work.

congratulations !!!
you include a list of 5% survived
S.C.
if there is something you should keep secret,simply just save it,, so, just
  • #39
  • Quote
  • Jun 5, 2013 1:15am Jun 5, 2013 1:15am
Its true that most of the traders are losers but what is the main reason for losing. In any other profession we get good training so that we can perform well but in forex trading, as there is not much restriction in opening and funding account, many traders just keep on trying their luck.
  • #40
  • Quote
  • Jun 5, 2013 1:40am Jun 5, 2013 1:40am
Quoting hedging
Its true that most of the traders are losers but what is the main reason for losing. In any other profession we get good training so that we can perform well but in forex trading, as there is not much restriction in opening and funding account, many traders just keep on trying their luck.
Sorry, but that statement is wrong. In any other profession even the worst performing guy is making money, cause you will receive a paycheck at the end of the day. But in forex you can make and lose money. That's the difference, not that you get good training,...

I think in any other profession we have an equal amount of outperformers (as in forex) who are just 99% better than their peers. Just that in those professions you don't see the difference that much, since nobody is losing money and everybody get s a paycheck at the end.
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