95 % trendfollower traders lose at trend trading

Discussion in 'General Forex Discussion' started by new digital, Jul 28, 2018.

  1. new digital

    new digital Master Trader

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    great trend traders like famous turtle trader Dennis managed pools of capital for others in the markets for a while, but withdrew from such management in the spring of 1988 after his clients suffered heavy losses. In the Black Monday stock market crash of 1987, he reportedly lost $10 million,[8] with a total of $50 million reportedly lost in 1987–1988.[2] In 1990 his firm settled investor complaints of his failure to follow his own rules, for over $2.5 million, without admitting or denying any wrongdoing.[9] He also managed funds for some time in the mid and late 1990s, closing these operations after losses in the summer of 2000.

    https://en.wikipedia.org/wiki/Richard_Dennis

    $50 million losses in 1987 million in today's terms is around $200m to $300m


    It is most likely the vast majority of trend traders lose due to trading psychology. Michael Covel writes books and sells seminars , there is no evidence he is a trader.


    http://profitabletrading1.blogspot.com/2018/06/trend-trading-has-no-edge-80-of-trends.html

    https://www.earnforex.com/forum/threads/trading-psychology-mindset-is-80-of-trading-success.30172/

    https://www.earnforex.com/forum/threads/trend-trading-is-a-hindsight-forex-illusion.30061/

    https://www.elitetrader.com/et/threads/market-charlatans.243796/

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  2. JamesForex123

    JamesForex123 Trader

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    Maybe people are not good at spotting the trend or when the trend is reversing?
     
  3. new digital

    new digital Master Trader

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  4. new digital

    new digital Master Trader

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  5. new digital

    new digital Master Trader

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    If 95 % lose , 1 % of winners are day traders , 1% of winners are swing traders , 1 % are fundamental traders , 1 % are grid traders , then only 1 % of trend traders are successful.

    This means there are a lot of fake trend traders , charlatan educators and fake authors singing about trend trading.
     
  6. new digital

    new digital Master Trader

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    trend followers lose more research
     

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  7. new digital

    new digital Master Trader

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  8. new digital

    new digital Master Trader

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  9. Ary Barroso

    Ary Barroso Active Trader

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    Actually, it’s not easy to identify the market trend because, a number of counter trend moves.
     
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  10. new digital

    new digital Master Trader

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    80 % of the trends become ranges, in other words 80 % of trends eventually fail.80 % of trend traders lose for sure.

     
  11. new digital

    new digital Master Trader

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    trend failed.jpg after 5 failed trends and losses of money , would you trade trends?

    80 % of trends fail
     
  12. Ary Barroso

    Ary Barroso Active Trader

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    Yes, and verities of rangy patterns; this is why; till now trading is very much challenging profession.
     
  13. new digital

    new digital Master Trader

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  14. new digital

    new digital Master Trader

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  15. new digital

    new digital Master Trader

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  16. new digital

    new digital Master Trader

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    forex rarely trends , most of the time it is choppy/ranging , so so most forex traders lose.I trade indices because it is easier to make money.

    profit.jpg
     
  17. J_C_Anderson

    J_C_Anderson Trader

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    Of course, the idea of trading trends appeared at stock market, where it is very common. Forex currencies are likely to move inside the renge (even wide enough), so that such strategies are not so efficient.
     
  18. new digital

    new digital Master Trader

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    you need trends to make money , if forex rarely trends or for trends are slow, then most forex traders should lose.

    Trend is your friend , but rarely is your friend, it is bank and broker's friend.
     
  19. new digital

    new digital Master Trader

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  20. new digital

    new digital Master Trader

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    This Zero sum game testing shows , it has zero direction bias, trend trading is a negative sum game.It is testing non trend trading

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