karl6666
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That 95% losing buzz.....
Standing on the sidelines for a while reading lots of books, looking a lots of forums, reading lots of posts, and traded with cash myself. The same phrase keeps popping up...
95% losers 5% winners
Shock. Horror. You don’t say.
It’s obvious that most people are looking for the Holy Grail, the system, the secret strategy. Notice the most read posts are ' i made a zillion in a month'
The strategy is the money management, and your mind, the entry and exit are the easy bit.....
I see folks with all these indicators, graphics, and systems. Looking for the ‘answer’, they only win a small percentage of their trades anyway. Why not look at charts and try and educate yourself of the way of the world and price action.
ITS PEOPLE BUYING STUFF AND SELLING STUFF AT A PROFIT
I digress.
Of all the companies that are set up all over the world, how many fail...., because sadly most people are losers... Financial trading is a business, it’s no different.
Its commitment, hard work study and practice, just like running a business you won’t make much money to begin with, if at all in the first year or two.
You go to college or university for 4 – 6 years to get some decent qualifications; you leave then start a job at the bottom because you have no experience, maybe another 5 years before becoming experienced and making decent wedge... 10 years in total folks.
Case studies
1. Burt and Daisy are both bus drivers, they have this dream about opening a ballet school, what’s there chances of success
2. Karl is an engineer, he wants to open a florist selling orchids, what’s his chances of success
3. George dreams of becoming a rich trader, he buys a lap top, joins all the forums, opens a demo account, and a live account with £200, what’s his chances of success
To be honest, Burt Daisy and Karl have more chance than the dreamer George.
People looking for the easy life, well aren’t we all. Look at the people waiting to prey on these losers. Never have I seen so much b0llocks written about so little.
The systems
The magic strategies
The books
The seminars
Money back on your trading account if you lose.........
These people know that you will stick another £500 on your credit card, while you are still buzzing at your loss, and try to chase that £500 you have just lost.
The people with the 'best trading styles', great posts on these forums, they get a good following, great to read. What happens next they disappear, and yes you’ve guessed it they open there own web site selling their ‘products’ for £30 a month, if I dissapear it will be because I have drowned in bath of champagne in Monaco
I read
‘Oh my god, ABC forex requires a $5000 minimum entry balance’
‘Oh my god, XYZ forex requires a $10000 minimum entry balance’
Come on folks there has to be some commitment.
Of the 100% of the all new traders. How many will put in the effort, the time, the hours in front of the screen. Running DEMOs, over and over again, finding their own style. Using real money when they are ready.
Are the 95% of the new traders spotty geeks, chancers, dreamers with too much time on their hands, and a new credit card, looking for a million in a month.
Listen up
....100 people are serious about trading from home, they want a nice lifestyle.
There expenses running there life now is £1000 pounds a month, rent, bills, dog food.
They all save £20,000 before hand in their normal jobs. Yes 20k because they are committed and prepared to work at it. They decide (with some trading knowledge) to take a year off work and give it a go. There bills are covered by their savings, they would need even less if they lived with their parents
What do you think the percentage winners to looser would be then, 95 / 5?
Do you think the success rate would be a lot higher....? I do.. a lot higher
These forums are great for learning and chatting to people, but how many are really dedicated to this, to put the hours in to achieve their goal......
ITS ALL ABOUT HARD GRAFT...the super models and shallow friends will follow
‘Does anybody have any books on growing orchids?’
Karl
😆
Standing on the sidelines for a while reading lots of books, looking a lots of forums, reading lots of posts, and traded with cash myself. The same phrase keeps popping up...
95% losers 5% winners
Shock. Horror. You don’t say.
It’s obvious that most people are looking for the Holy Grail, the system, the secret strategy. Notice the most read posts are ' i made a zillion in a month'
The strategy is the money management, and your mind, the entry and exit are the easy bit.....
I see folks with all these indicators, graphics, and systems. Looking for the ‘answer’, they only win a small percentage of their trades anyway. Why not look at charts and try and educate yourself of the way of the world and price action.
ITS PEOPLE BUYING STUFF AND SELLING STUFF AT A PROFIT
I digress.
Of all the companies that are set up all over the world, how many fail...., because sadly most people are losers... Financial trading is a business, it’s no different.
Its commitment, hard work study and practice, just like running a business you won’t make much money to begin with, if at all in the first year or two.
You go to college or university for 4 – 6 years to get some decent qualifications; you leave then start a job at the bottom because you have no experience, maybe another 5 years before becoming experienced and making decent wedge... 10 years in total folks.
Case studies
1. Burt and Daisy are both bus drivers, they have this dream about opening a ballet school, what’s there chances of success
2. Karl is an engineer, he wants to open a florist selling orchids, what’s his chances of success
3. George dreams of becoming a rich trader, he buys a lap top, joins all the forums, opens a demo account, and a live account with £200, what’s his chances of success
To be honest, Burt Daisy and Karl have more chance than the dreamer George.
People looking for the easy life, well aren’t we all. Look at the people waiting to prey on these losers. Never have I seen so much b0llocks written about so little.
The systems
The magic strategies
The books
The seminars
Money back on your trading account if you lose.........
These people know that you will stick another £500 on your credit card, while you are still buzzing at your loss, and try to chase that £500 you have just lost.
The people with the 'best trading styles', great posts on these forums, they get a good following, great to read. What happens next they disappear, and yes you’ve guessed it they open there own web site selling their ‘products’ for £30 a month, if I dissapear it will be because I have drowned in bath of champagne in Monaco
I read
‘Oh my god, ABC forex requires a $5000 minimum entry balance’
‘Oh my god, XYZ forex requires a $10000 minimum entry balance’
Come on folks there has to be some commitment.
Of the 100% of the all new traders. How many will put in the effort, the time, the hours in front of the screen. Running DEMOs, over and over again, finding their own style. Using real money when they are ready.
Are the 95% of the new traders spotty geeks, chancers, dreamers with too much time on their hands, and a new credit card, looking for a million in a month.
Listen up
....100 people are serious about trading from home, they want a nice lifestyle.
There expenses running there life now is £1000 pounds a month, rent, bills, dog food.
They all save £20,000 before hand in their normal jobs. Yes 20k because they are committed and prepared to work at it. They decide (with some trading knowledge) to take a year off work and give it a go. There bills are covered by their savings, they would need even less if they lived with their parents
What do you think the percentage winners to looser would be then, 95 / 5?
Do you think the success rate would be a lot higher....? I do.. a lot higher
These forums are great for learning and chatting to people, but how many are really dedicated to this, to put the hours in to achieve their goal......
ITS ALL ABOUT HARD GRAFT...the super models and shallow friends will follow
‘Does anybody have any books on growing orchids?’
Karl
😆