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Lance Begg vs Al Brooks

  #28 (permalink)

Elite Member
Trading Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
Zwaen's Avatar
Posts: 247 since Dec 2010
Thanks: 762 given, 224 received

Something about the "95%" fail figure.

I once read that this figure was based on the accounts closed within a specific time period, with a certain broker.
The problem with this is that within this population:

1) there a lot of people who don't take trading seriously and just play(gamble) with a very tiny account
2) there are also a lot of people who think they will be a millionaire in just 3 years
3) there are a lot of people who take a few trades and lose interest and close the account

So I think that when this investigation whas done among a popalution who was serious and dedicated to becoming a trader, the failure rate will be far less. Nevertheless, trading should be seen as a profession and is not easy.

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