99% Traders Lose Money and Don’t Even Understand Why

[Arya Stark]

They convince themselves, that they simply need to improve their discipline, or maybe it's their risk management, or should take another expensive course, etc, etc. But when you keep repeating those same things that you were told to, you keep coming to the same result. It's sad... Make your heads free! Forget what you were taught. Your goal is money. Do what works. Try everything! Including the stuff you were told not to do! Stop listening to all the "advices". 99% of those who give them to you, are not profitable themselves.

 

[OscarR]

Yeah, you’ve got to experiment for yourself and not just follow rules blindly.

 

[Thaddeus Finch]

They convince themselves, that they simply need to improve their discipline, or maybe it's their risk management, or should take another expensive course, etc, etc. But when you keep repeating those same things that you were told to, you keep coming to the same result. It's sad... Make your heads free! Forget what you were taught. Your goal is money. Do what works. Try everything! Including the stuff you were told not to do! Stop listening to all the "advices". 99% of those who give them to you, are not profitable themselves.

but you need to know that trying everything can mean making more mistakes and facing more losses.

 

[Arya Stark]

but you need to know that trying everything can mean making more mistakes and facing more losses.

Trying means going on live accounts? Didn't we invent backtesting?

 

[rmufti68]

The new traders make losses because they took trading as casino and have a mindset of pushing buttons to make winnings however it is a very professional market which does not allow any mistakes.

 

[fargana]

I try everything in backtests/SIM first and measure edge with expectancy (win% * avg win − loss%*avg loss)

 

[Magnolia_York]

If they knew why, they would win all the time! they need to make enough mistakes to learn the ropes.

 

[maya95]

Do what works for you and focus on results.

 

[Zerologic]

I never took any courses that just waste money, just think simply in trading, forex risk will always be persistent, retail traders like me can only manage risk, but cannot control the market.