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The one reason that trumps all other reasons why traders lose

  • #61
  • Dec 3, 2013 12:58pm Dec 3, 2013 12:58pm
Quoting JoeNY
I hate to be a pessimist but I have a feeling this thread is going to be a disappointment... Just saying
OP is a long time member of my ignore list, I very much doubt we are going to see the result of deep, profound thinking here.
si hoc legere scis nimium eruditionis habes
  • #62
  • Dec 3, 2013 1:52pm Dec 3, 2013 1:52pm
Quoting numbnuts
{quote} OP is a long time member of my ignore list, I very much doubt we are going to see the result of deep, profound thinking here.
Thanks for the warning....
SPC * Swollen PocketZ Crew!
  • #63
  • Dec 3, 2013 8:07pm Dec 3, 2013 8:07pm
There isn't one.
  • #64
  • Dec 3, 2013 8:28pm Dec 3, 2013 8:28pm
Not all pairs are tradeable all the time -- SELECTIVITY. And EUR/USD is often a poor choice.
"A is A"
  • #65
  • Dec 3, 2013 8:31pm Dec 3, 2013 8:31pm
Quoting catiron
And EUR/USD is often a poor choice.
I thought I was the only one that felt that way. What's with all the hype. It's my most hated pair.
SPC * Swollen PocketZ Crew!
  • #66
  • Edited 12:33am Dec 4, 2013 12:03am | Edited 12:33am
Quoting numbnuts
{quote} Started a thread on it, you should check it out. I also noticed that my charts now bear a striking resemblance to the ones you were posting in the other place, maybe you were a few months ahead of me.
Great I'll have to check it out. Yes I have an inkling we think very much along the same lines
Howlin' at the Moon on the Roof
  • #67
  • Dec 4, 2013 2:00am Dec 4, 2013 2:00am
why i lost trading forex? because i trade forex
if i sell ice cream, i'll lost ice cream

source: why the chick cross the street
  • #68
  • Dec 4, 2013 2:20am Dec 4, 2013 2:20am
Is dude going to update his thread... I stand by my original answer :

Capital... OPM/ Banks Money/ Alternative Salary/ ...

Bottom line ... When money ain't no thang to begin with and said trader is free to play the game without the influence of need.

Thats the irony of this game, the very people that lose are the very people that need it... "It" goes deeper than just money. As a generalization, rising above this is not at all easy if you're one of the ones "below"..

http://m.youtube.com/watch?v=XnC8sRqyIb0
Howlin' at the Moon on the Roof
  • #69
  • Dec 4, 2013 7:14am Dec 4, 2013 7:14am
One more thing. We all think trading is an endless learning curve - we should never stop learning and improving, if we just keep trying and practicing we will get better and better with experience. But this isn't borne out in reality, if you look at the performance of the worlds best traders - the guys at the absolute top of the game who have been there for a long time - their performance doesn't really improve year on year. They just remain consistent.

If you have been studying trading for a few years now, the chances are you are as good as you are ever going to be. Constantly telling yourself "I will be better next year" equates to "I'm not good enough now". And thinking you aren't good enough to make profit is a major mindfuck which will prevent you from succeeding. Shit, or get off the pot.
si hoc legere scis nimium eruditionis habes
  • #70
  • Dec 4, 2013 7:33am Dec 4, 2013 7:33am
Most lose in the markets because they are actually fodder for the markets.

Besides being totally outgunned, in size, ability to see the market as it exists, understanding it, limited in it's participation.

The #1 reason most fail on a personal level, given they actually have a clue to what they are doing.......... under-capitalization.
  • #71
  • Dec 4, 2013 7:51am Dec 4, 2013 7:51am
Quoting Wolf_Wicked
Is dude going to update his thread... I stand by my original answer.....
I think your answer set the plateau for this thread. Seems unlikely that his response will be any better than yours.
  • #72
  • Dec 4, 2013 8:02am Dec 4, 2013 8:02am
Quoting Good Lookin
{quote} I think your answer set the plateau for this thread. Seems unlikely that his response will be any better than yours.
I'm a little bit in love with you too thanks

http://m.youtube.com/watch?v=wC34NOWlMIU

(joking of course .. Not funny but Ty seriously)
Howlin' at the Moon on the Roof
  • #73
  • Dec 4, 2013 10:50am Dec 4, 2013 10:50am
Quoting Wolf_Wicked
I'm a little bit in love with you too thanks.............
Is that so..

Is it because i'm.... Good Lookin?

Inserted Video
  • #74
  • Dec 4, 2013 12:02pm Dec 4, 2013 12:02pm
They make the same mistakes the least amount of times as possible
Nobody ever went broke closing a trade in profit
  • #75
  • Dec 4, 2013 1:35pm Dec 4, 2013 1:35pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting numbnuts
{quote} OP is a long time member of my ignore list.
He's on mine too but oh what the hey!! I'll answer the question anyway!! so here goes:


Retail traders lose cause they haven't figured out to win they just need to reverse

trade the graph shown of FF news page like right now 68 percent of traders are short

gpb/usd so all a winning trader needs to do is get with the 32 percent that is long and

just buy the gpb/usd until indicated to do otherwise...
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #76
  • Dec 4, 2013 1:36pm Dec 4, 2013 1:36pm
A lack of understanding of liquidity and how prices interact, combined with the crowd psychology that causes these cogs to turn.
  • #77
  • Dec 4, 2013 1:57pm Dec 4, 2013 1:57pm
Quoting Owl
{quote} He's on mine too but oh what the hey!! I'll answer the question anyway!! so here goes: Retail traders lose cause they haven't figured out to win they just need to reverse trade the graph shown of FF news page like right now 68 percent of traders are short gpb/usd so all a winning trader needs to do is get with the 32 percent that is long and just buy the gpb/usd until indicated to do otherwise...

Do the opposite of the crowd. Ha Ha... you're right.... Funny.... In the beginning I thought about trading against myself all the time. I figured since I was always losing, I might as well do the opposite of what I wanted to do. The thought of doing it however made me more confused so I just decided I just needed to learn how to trade.
SPC * Swollen PocketZ Crew!
  • #78
  • Dec 4, 2013 2:27pm Dec 4, 2013 2:27pm
self destructive behavior

I won!
  • #79
  • Dec 4, 2013 2:40pm Dec 4, 2013 2:40pm
Having a wife who wants to redecorate the house every six months.
  • #80
  • Dec 4, 2013 2:46pm Dec 4, 2013 2:46pm
It is time to announce the winner of the contest or reveal the correct response.

Human lives depend on it.
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