Arrogant advice

Jun 01, 2017 at 06:10
5,196 Visa
86 Replies
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 01, 2017 at 06:10
Hi newbies,

take half of the money you have for trading and put them into trash.
take the remaining half and buy something nice for your family.

You still have better results than trying to trade.

Even though it sounds silly at the end do you know that 95% of traders are loosing money.
Isn't it better to spend at least half of it for good thing.
Just think about it for a while...
Medlem sedan Feb 12, 2016   522 inlägg
Jun 01, 2017 at 12:43
This is the statistic - 95% of traders are losing money and Market Makers are counting on that :)

Medlem sedan Jan 06, 2014   24 inlägg
Jun 01, 2017 at 14:13
Easy way to NOT be a part of the 95%.
Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.
Don't listen to and follow the BS online.
Medlem sedan Mar 28, 2017   12 inlägg
Jun 01, 2017 at 14:53
But people trade based on the hope that they will become rich or financiall independent. This dream is what keeps them going. Some people do make it and with hard work and the right advice it can happen. I think better advice would be to recommend people try trading for 1 year using a micro account (with a fixed depoist) and if they are not making profit by the end of the year then they should give up
rob559
forex_trader_29148
Medlem sedan Feb 11, 2011   1916 inlägg
Jun 02, 2017 at 08:35
for me losing money in 5 first years has been good learning base..when it hurts, this is the best way to become successfull ,in my case at least
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 02, 2017 at 08:37
Damien1881 posted:
Easy way to NOT be a part of the 95%.
Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.

It is not.
There is trader named @crazytrader propagating trading against the crowd
He did already wipe out all his accounts :)
Medlem sedan Jan 06, 2014   24 inlägg
Jun 02, 2017 at 08:49 (redigerad Jun 02, 2017 at 08:51)
togr posted:
Damien1881 posted:
Easy way to NOT be a part of the 95%.
Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.

It is not.
There is trader named @crazytrader propagating trading against the crowd
He did already wipe out all his accounts :)

Was just an observation of my positions at the time, Like rob559, I struggled for over 5 years, now I do my own thing without outside influence. I agree that I'm wrong to have made such a statement.
Don't listen to and follow the BS online.
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 02, 2017 at 08:55
Telltale20 posted:
But people trade based on the hope that they will become rich or financiall independent. This dream is what keeps them going. Some people do make it and with hard work and the right advice it can happen. I think better advice would be to recommend people try trading for 1 year using a micro account (with a fixed depoist) and if they are not making profit by the end of the year then they should give up

That is unfortunately advice I cannot recommend.
There is something called beginner's luck, so trading small account and being lucky could lead them to lose the big time.
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 02, 2017 at 11:24
Also another advice. Might sound arrogant as well.
Dont buy anything - courses, lessons, membership, EAs.
The logic is very simple, if the trader is successful enough to trade for living then he is trading for living,
having no need to sell anything.
The ones who sell the staff are not the successful ones...
Medlem sedan Dec 09, 2016   15 inlägg
Jun 04, 2017 at 06:23
If I had a successful system I would sell it so that I could increase my fund. If my system made 50% a year with good risk management then even with a $10,000 account I could only make $5,000. That sucks. But if I sell 1000 system for $100 then I can massively increase my account to $100k and then make $50k a year from my system.
Medlem sedan Apr 15, 2017   1 inlägg
Jun 04, 2017 at 06:50
There are so many courses out there though, sucking people in. The right training is out there and it can be found for free.
mike.clarke.mc21@
Medlem sedan Dec 09, 2016   49 inlägg
Jun 04, 2017 at 07:11
togr posted:
Hi newbies,

take half of the money you have for trading and put them into trash.
take the remaining half and buy something nice for your family.

You still have better results than trying to trade.

Even though it sounds silly at the end do you know that 95% of traders are loosing money.
Isn't it better to spend at least half of it for good thing.
Just think about it for a while...

Probably all the currently successful traders got a similar arrogant advice at the begining of their journey in trading, and yet, they still became succesful anyway in the end.
We cannot achieve anything without trying. Like with everything else in our life, instead of lining up COUNTLESS EXCUSES why we CAN`T, we have to focus on finding ONE SOLUTION how we CAN. Living life without trying, even if the odds are not on our side, is like waiting for death in silence.
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 05, 2017 at 06:56
Gabor33 posted:
togr posted:
Hi newbies,

take half of the money you have for trading and put them into trash.
take the remaining half and buy something nice for your family.

You still have better results than trying to trade.

Even though it sounds silly at the end do you know that 95% of traders are loosing money.
Isn't it better to spend at least half of it for good thing.
Just think about it for a while...

Probably all the currently successful traders got a similar arrogant advice at the begining of their journey in trading, and yet, they still became succesful anyway in the end.
We cannot achieve anything without trying. Like with everything else in our life, instead of lining up COUNTLESS EXCUSES why we CAN`T, we have to focus on finding ONE SOLUTION how we CAN. Living life without trying, even if the odds are not on our side, is like waiting for death in silence.

You are partially right but many traders just start trading real account without almost any preparation or knowledge.
So for this majority it is better to keep at least half of funds.
rob559
forex_trader_29148
Medlem sedan Feb 11, 2011   1916 inlägg
Jun 06, 2017 at 06:43
one thing good traders have in commun is resiliency and stubrurness
Medlem sedan Jun 04, 2017   18 inlägg
Jun 14, 2017 at 06:11

now 80% loss and 20% gain, every years more traders gain money in forex
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 14, 2017 at 14:46
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex
where get you such numbers?
Medlem sedan Jun 14, 2017   11 inlägg
Jun 15, 2017 at 05:57
I still think it is 95-99% lose money. Not many traders on this forum making big bucks
Medlem sedan Feb 22, 2011   4862 inlägg
Jun 15, 2017 at 10:15
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex
Regardless of the reason, very few people who wanted to trade actually become successful. Whether they took other jobs, didn’t feel they got adequate training, or just didn’t make enough money isn’t really the point. They came to trade, but ultimately left with nothing in their pockets while people sitting next to them continued to make money. To me that is the real statistic. Whether you’re lured away, your spouse convinces you not to do it, success doesn’t happen as quickly as you want it, you hit a string of bad luck…the excuse doesn’t matter; the cold hard number is that only about 4.5% (the half way point of 4% and 5% concluded above) of traders who start day trading will end up being able to make something of it.
Medlem sedan Feb 03, 2017   29 inlägg
Jun 16, 2017 at 06:25
togr posted:
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex
Regardless of the reason, very few people who wanted to trade actually become successful. Whether they took other jobs, didn’t feel they got adequate training, or just didn’t make enough money isn’t really the point. They came to trade, but ultimately left with nothing in their pockets while people sitting next to them continued to make money. To me that is the real statistic. Whether you’re lured away, your spouse convinces you not to do it, success doesn’t happen as quickly as you want it, you hit a string of bad luck…the excuse doesn’t matter; the cold hard number is that only about 4.5% (the half way point of 4% and 5% concluded above) of traders who start day trading will end up being able to make something of it.


Heard this somewhere before. The same exact words. But hey, I gonna keep trying. Hopefully achieving something.
Don't panic over drawdown, instead manage it !!
Medlem sedan Aug 11, 2017   886 inlägg
Nov 16, 2017 at 15:30
A number of novice traders start their live trading too earlier before completing their task in demo! That’s the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!
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