If 90% of traders fail, why not just do the opposite? - Psychology and Money Management | futures io social day trading
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If 90% of traders fail, why not just do the opposite?
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If 90% of traders fail, why not just do the opposite?

  #41 (permalink)
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algorithmic View Post
if even you do the opposite you will be among those 90% . because market is in range bound at least in 80 % of time

Could it be the trader, not the market, that is the problem?

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #42 (permalink)
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deaddog View Post
Could it be the trader, not the market, that is the problem?

of course ,as u said,the problem is the trader ,market is based on psychologies of a big group of traders.like any other business ,for example ,only a few percentage among thousands of singers can be a super star like Micheal Jackson .the same scenario applies to all aspect of life .... it needs at least 4-5 years of time dedication ..most of people want free money...

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  #43 (permalink)
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algorithmic View Post
..most of people want free money...

And don't want to do any work to get it.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #44 (permalink)
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B.S.

You can follow 3, 5, 10 indicators and by the time the "stars Aline" the trade is over. What is "money management? 10 tick stop loss and hope for 5 ticks? What a bunch of crap! If indicators really worked for day trading it would be, a least, the opposite. 5 tick stop loss, 10 tick profit. Money management? What a joke. A trade is a trade! You are either going in the right direction or your not. There is no indicator that will tell you that. Otherwise there wouldn't even be a forum on this site for "new indicators". Saps! That's what we are. You have a better chance of making money on "red or black" on a roulette wheel ( close to 50/50). So tired of hearing about "money management". What exactly is your "money management" and what indicator are you using this week?

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