90% of traders fail...

cubesteak · #1 (**permalink**) 08-24-2006, 10:58 PM

Good article on why 90% of traders fail...

http://www.esignallearning.com/educa...er/default.asp

sorry if its' been posted before...

-CS

Linuxser · #2 (**permalink**) 08-24-2006, 11:31 PM

Good article,

but incomplete in my opinion because...

90% the new enterprises fails beyore the first year.
90% of a room class will fail in hit their objetives in life
90% of convicts would commit a crime again
90% of employees hates your job
90% of the mankind doesn´t have a good life
90% of the people hits the maximun point in life at the 30 years

90% repeats everywhere

Is like 90% is a fibonacci number of our world society

cubesteak · #3 (**permalink**) 08-24-2006, 11:57 PM

Incomplete, or self confirming? I'd say 90% of people fail at everything for the same reason - they don't take it seriously or bother to do the work that's required to be successful...

But, they say that 43.6% of all statistics are made up on the spot, so who knows.

HAHA!

Quote:

Originally Posted by Linuxser

Good article,

but incomplete in my opinion because...

90% the new enterprises fails beyore the first year.
90% of a room class will fail in hit their objetives in life
90% of convicts would commit a crime again
90% of employees hates your job
90% of the mankind doesn´t have a good life
90% of the people hits the maximun point in life at the 30 years

90% repeats everywhere

Is like 90% is a fibonacci number of our world society

fxcruiser · #4 (**permalink**) 08-25-2006, 12:11 AM

Quote:

Originally Posted by cubesteak

Good article on why 90% of traders fail...

http://www.esignallearning.com/educa...er/default.asp

sorry if its' been posted before...

-CS

Thanks, cubesteak. Excellent article. I cannot over empahsize the resources we have available here at TSD forum and its helpful members, that can get many traders out and off of that 90% statistic.

Quote:

Originally Posted by from the article

The market will do exactly as your methodology says it should -- at times. But, then, there will be days when everything goes haywire. On those days, you need to know how to get out and retire for the day.

Not too many people will teach you these things, so, if you want it on the cheap, you will have to teach yourself.

The bottom line really comes down to having yourself set up correctly, having a plan with a proven approach, understanding that plan and being able to work it day in and day out without deviation.

Now, that’s work in anyone’s language; if you are not up to it, don’t attempt it.

If, on the other hand, you are in that 10 percent of people who are self-motivated and who consider making money actual work -- with a little bit of study and guidance, you may find that this is the right occupation for you. You’ve got the job; now, go do it!

I love this occupation. It's FREEDOM train for me. It is the best PTO (portable trade occupation) I can think of. You can do it anywhere in the world (with available broadband access) at the best time that suits your trading style.

Quote:

"You can be free.
You can live and work anywhere in the world.
You can be independent of routine and not answer to anybody.
This is the life of a successful trader."

- Dr. Alexander Elder, author of Trading For A Living

Yeah, I am doing it for the pips but most of all for my personal freedom. Southern California here I come (I will be back there 9/1, after almost 8 months being away)

fxcruiser

cubesteak · #5 (**permalink**) 08-25-2006, 12:20 AM

Quote:

Originally Posted by fxcruiser

Yeah, I am doing it for the pips but most of all for my personal freedom. Southern California here I come (I will be back there 9/1, after almost 8 months being away)

Hey, SoCal!!! Gotta love it!

I've been here 5 years now and can't think of a place stateside that I'd rather be. And believe me, I've been most everywhere else!

1 million+ airline miles in last 7 years alone... haha

Anyway, an early "welcome home" to ya!

Linuxser · #6 (**permalink**) 08-25-2006, 02:42 AM

Quote:

Originally Posted by fxcruiser

I love this occupation. It's FREEDOM train for me. It is the best PTO (portable trade occupation) I can think of. You can do it anywhere in the world (with available broadband access) at the best time that suits your trading style.

fxcruiser

Yeah, absolutely right.
You have your mind in the right place fxcruiser. My best wishes for you, and al others off course.
To all: I do not deserve luck to you, I deserve succes to you, two completely different things, but few understand the difference.

One year ago, when I quit from my job. Everybody look at me like some stranger or alien or crazy guy. They can´t understand why I´d choose to do this

.
One year later, they are still trying to convince me about the safe of the job because what I´m doing is risky, or I´m stressed and bla bla bla.

Stressed me? Since I remember I started with stress the day when I received my first payment in my first job

and completely relaxed the day of my first whitdrawal

Devil2000 · #7 (**permalink**) 08-25-2006, 03:42 AM

Hi guys,
Nice to read these words from fellow traders. It's motivating me.
I was even quit from my college, it was one of the best college in my country. I know I may have a good live if I stay and follow the regular line, but what I want is freedom, and this job is fascinating me. This is my path. For me, luck is a gift for our smart and hardwork.

I wish the best for everyone..

Quote:

"You can be free.
You can live and work anywhere in the world.
You can be independent of routine and not answer to anybody.
This is the life of a successful trader."

- Dr. Alexander Elder, author of Trading For A Living

fxcruiser · #8 (**permalink**) 08-25-2006, 04:19 AM

Quote:

Originally Posted by Devil2000

Hi guys,
Nice to read these words from fellow traders. It's motivating me.
I was even quit from my college, it was one of the best college in my country. I know I may have a good live if I stay and follow the regular line, but what I want is freedom, and this job is fascinating me. This is my path. For me, luck is a gift for our smart and hardwork.

I wish the best for everyone..

You're such a lucky devil, Devil2000.

This is not a job, it's an adventure, a journey. Let the FREEDOM bell rings on you. Best wishes and lots of success.

fxcruiser

Linuxser · #9 (**permalink**) 08-25-2006, 05:06 AM

When I said luck and success I´m try to make a distinguish between winning the lottery or become millonarie trader.

But, one of my best friends, after I said him "you´re a lucky guy", told me one day: luck is when when preparation and opportunity are joined.

phoenix · #10 (**permalink**) 08-25-2006, 05:23 AM

Quote:

Originally Posted by Linuxser

luck is when when preparation and opportunity are joined.

GOOD WORDS

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