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5 Reasons Why Traders Lose

  • #21
  • Nov 26, 2013 12:05am Nov 26, 2013 12:05am
Greed and lack of experiences. I remembered I opened 2 positions at a same time and one win, one lose (lose more)... from that time, I dont want to open more than one trades at a time.
  • #22
  • Nov 26, 2013 12:17am Nov 26, 2013 12:17am
Limit our profit & let our losses run ...
  • #23
  • Nov 26, 2013 1:56am Nov 26, 2013 1:56am
....lack of discipline, changing trading strategy continually, impatience
Tracking the Specialists.
  • #24
  • Nov 26, 2013 1:58am Nov 26, 2013 1:58am
I lost quite a lot, my weakness is Risk Management. I never use stop loss before. Reason number two, I don't have any tools back then.
Don't blame the tools. Blame the carpenter.
  • #25
  • Nov 26, 2013 2:09am Nov 26, 2013 2:09am
who is not using exit strategy is the only one reason to loss 5% traders know that based on their experience, so the reason is loss those who dont have experience in trading .....
  • #26
  • Nov 26, 2013 2:28am Nov 26, 2013 2:28am
Quoting ethanlim
Limit our profit & let our losses run ...
this was me when i first started trading, i would jump for joy when i made 50 pips but then i would lose 100 pips on the next trade
  • #27
  • Nov 26, 2013 2:53am Nov 26, 2013 2:53am
How's this:

1) They use stop-losses and place them indiscreetly and suffer a slow and painful account and psychological death.

2) They don't use stop-losses and equates that with no exit. When price moves against them, they hope that it'll come back; when price moves back, they hope it'll go even further in their favour!
Build good relationships with others.
  • #28
  • Nov 26, 2013 3:09am Nov 26, 2013 3:09am
Instead of wating for the right setup according to their rules, they become impatient and eager to put a trade on as soon as they sit in front of the computer. And lose! If only they had waited for that nice setup which was written down on their piece of paper in front of them. Meanwhile they watch the perfect trade they should have taken occur on their chart but don't trade it because they are waiting for the market to come back to break even on their trade.
Tracking the Specialists.
  • #29
  • Nov 26, 2013 3:11am Nov 26, 2013 3:11am
Quoting Connected
Instead of wating for the right setup according to their rules, they become impatient and eager to put a trade on as soon as they sit in front of the computer. And lose! If only they had waited for that nice setup which was written down on their piece of paper in front of them.
Very very true. Imagine a professional basketball player entering a game without warming up - it's never gonna happen; traders on the other hand do that all the time. Trade the first thing they wake up or sit down in front of their desk. That's not trading, that's philanthropy.
Build good relationships with others.
  • #30
  • Nov 26, 2013 5:21am Nov 26, 2013 5:21am
And one blind is following (reading / listening) another blind. Too much reading in forums

, Dietmar
  • #31
  • Nov 26, 2013 5:36am Nov 26, 2013 5:36am
Personally I believe one of the leading factors of failure is not fully understanding oneself...No one can truly understand the market, no matter what indicator you use and no matter the info you get, moreover most of us are retail traders so our rationale of how the market ought to move is insignificant when putting it on a broader scale.

That is why a guy whose market analysis and technical prowess on his charts is of the hook may still find it difficult to be consistently profitable, whereas another guy could be consistent even when his chart indicators and his knowledge of the market movement may not be be termed pro.

Self actualisation I believe
  • #32
  • Nov 26, 2013 6:14am Nov 26, 2013 6:14am
5 reason i lose?

1. because i lost
2. think too many reason
3. fixing 1 reasoned thing at a time
4. while it actually never needed to be fixed in the first place
5. forcing my self

we are rebellious soul, whatever rule we set for ourself to contain the beast within , we'll try to pick a moment to cancel it, destroy, ignore, or counter it.
now i try to concentrate to what i like about forex. it reduce the "don't do xxx" thingie significantly

~still trying~
  • #33
  • Nov 26, 2013 6:38am Nov 26, 2013 6:38am
I can't agree more with the 5 points mentioned...
Enter Signature
  • #34
  • Edited 8:05am Nov 26, 2013 7:19am | Edited 8:05am
Why do you lose money trading?
- Because I trade the forex
Why do you trade the forex?
- Because I lose money and I want to get it back.
  • #35
  • Nov 26, 2013 2:29pm Nov 26, 2013 2:29pm
Quoting Mingary
Why do you lose money trading? - Because I trade the forex Why do you trade the forex? - Because I lose money and I want to get it back.
lol
  • #36
  • Nov 26, 2013 2:33pm Nov 26, 2013 2:33pm
Quoting Mingary
Why do you lose money trading? - Because I trade the forex Why do you trade the forex? - Because I lose money and I want to get it back.
yeah this is a good one I think I felt this way for a long time.
Build good relationships with others.
  • #37
  • Nov 27, 2013 5:47am Nov 27, 2013 5:47am
Quoting Mingary
Why do you lose money trading? - Because I trade the forex Why do you trade the forex? - Because I lose money and I want to get it back.
Perhaps if we dont want to lose money then we shouldnt trade forex... its not possible to learn how to win without learning how to lose. A bit philosophical I know but the bottom line is we need to learn and losing on the way is inevitable.
  • #38
  • Nov 27, 2013 6:03am Nov 27, 2013 6:03am
New traders trying to trade the news for "easy" pips not realizing that you need a lot of experience before even getting into that.
  • #39
  • Nov 27, 2013 6:44am Nov 27, 2013 6:44am
Quoting PoundTrader
I got this from babypips i wanted to share with you guys, the num 5 reason i came up with, you can add to the list by posting a reply Not having a proven trading methodology Not understanding how the market works, key indicators, key numbers, and ideal times to trade. Risking too much per trade. Not being mentally prepared. Just flat out lazy- dont wanna put in the work
Just flat out lazy- dont wanna put in the work

Sums up everything,
if guys were to put in the right amount of effort and focus into trading,
the other four problems would never crop up
  • #40
  • Nov 27, 2013 8:01am Nov 27, 2013 8:01am
Quoting tradingboy
{quote} Perhaps if we dont want to lose money then we shouldnt trade forex... its not possible to learn how to win without learning how to lose. A bit philosophical I know but the bottom line is we need to learn and losing on the way is inevitable.
Not true.
Most would be forex millionaires learn how to win by learning how to lose all the way to financial ruin ...
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