why do 90 percent of traders fail

Today, i want to answer one of main question in my own words Why So Many Traders Fail in the Markets This has been a nagging question in the back of many people mind. Technical analysts who are better than them exist, but they haven't been able to turn their abilities into trading profits in many cases. This makes sense now that many have traded every day with full dedication but no success. Trading entails inherent risk due to the inherent ambiguity of the market conditions. Certainty, on the other hand, provides solace to the majority of people. The reason for this is that our minds are hardwired to look for evidence that supports our theories. As a result, when confronted with uncertainty, we attempt to find certainty but ultimately fail. The majority of traders seek certainty in the form of new and complex theories, in the hopes that they will then always know exactly what will happen next. Even if they try, such people will always fall short of their goals because they know deep down that their "new theories" do not have the success rate they would like the world to believe. Trading took a turn for the better after I came to terms with the fact that markets are inherently uncertain and began using simple techniques to play large. I did this knowing full well that my chances of success in any trade were less than 60%. Since my trade may not succeed, I am constantly on the lookout for opportunities to cut or change my position. As a result, I've been able to achieve greater accuracy and profitability than any other technical analyst. Secondly, losses are always under control and when I enter a profitable trade, I can run it hard by applying trade management to it. Most people fail, in my opinion, because they're chasing certainty and being right in the wrong direction. The more I've traded, the more I've come to realise that my irrational personality traits have served me well in the trading industry. Market traders who are uncompromising, fearful, or otherwise "normal" fail, in my experience. Using a simpler strategy may make you appear more approachable, but it's effective in the long run. Words from Mark Douglas in "Trading in the Zone Book" “Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful. They no longer fear the erratic behavior of the market. They learn to focus on the information that helps them spot opportunities to make a profit, rather than focusing on the information that reinforces their fears.” All we have is a probability of succcess or failure with every trade, where we try to get things right (success) more than things we cauch wrong (failure) which defines our edge (casino edge policy) of success with our trading strategy or plan. Why people quit trading? D-Street is a popular destination for those hoping to make quick cash. As soon as they learn that it isn't going to be easy and that it will take a lot of effort, they lose the motivation to put in the time and effort it takes to succeed. To be successful in this field, you need to wake up every morning with your finger on the pulse of local and global factors.

why do 90 percent of traders fail

Why So Many Traders Fail in the Markets

Today, i want to answer one of main question in my own words

Why So Many Traders Fail in the Markets

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