why 95% lose

[copypasteaee]

nice ..
in MCX i guess no options are possible ....only futures are available ...am i right?

You can make calendar spreaad using futures as well

 

[Riskyman]

Interesting points Riskyman. If possible, could you please write a little more about what was wrong with your attitude and what you changed? Thanks for your thoughts.

Sure. Im a bit time bound tonight so will explain the details when i'm relatively free. Thanks.

 

[toingpoing]

nice ..
in MCX i guess no options are possible ....only futures are available ...am i right?

Yes.. You are right. Only Futures are available..

 

[Trader_PK]

Yes.. You are right. Only Futures are available..

they how do you do hedging in copper ? .. explain if you can

 

[OMSAI]

they how do you do hedging in copper ? .. explain if you can

Husband sell.....wife buy.......so simple....:lol:

 

[onlinegtrash]

Husband sell.....wife buy.......so simple....:lol:

when both square off their positions and go flat, broker goes and buys a flat in mumbai by eating their spread + brokerage + tax

but it still beats husband losing his shirt from a big loss.

 

[VIjayGangrade]

Can someone please tell me about Eqaxscores. I would love to know more about this.

 

[kharikumaar]

1. I don't know if it 5% or 20%. But whatever may be the number the fact is, many traders will lose money and it cannot be avoided. The idea that everyone can make money is impossible. Everyone making money means there is no market, because who would be taking the other side of the trade?

2. There is a deeper reason as to why most traders will lose regardless of what methods they employ. It is not about money management, risk management, bad government policies, world events etc.. It is because they are part of the crowd (95%) and they do not have their own system.

3. Successful traders find something that works and stick to it, not letting others pull them away from their strategy. This is where most traders go wrong and why the crowd loses money.

4. Most of the trends is created by professional money managers who are managing trillions of dollars in assets. They normally start the Trend early and will be the first to get out. The point is the Trend was not started by the crowd but by the 5% who had enough money.

5. So the simple answer is, For you to win(be part of 5%) in the market, Do not follow the crowd (95%) and follow your system which works. And mostly you will have to take a Contrarian view. People will laugh at you, Will make fun of you. But you will have to learn to stick to your system, whatever happens. For that first of all you should also have a system which you believe will work.


Note: As Gandhi said, "Even if the whole world is against you, you should have the courage to stand alone for what you believe". Like Gandhi believed that Non-violence will work when everybody believed on Guns and nobody believed non-violence could work. I personally not a great fan of Gandhiji. So please do not start a war on Gandhiji and non-violence. It was just a point to illustrate that Gandhiji was firm on his decision and stuck to it, even when the whole world was against his ideology because during his times non-violence was not something which was proved to be working.

I agree with healthraj on this. In spite of having a reasonably good system which had a good winning ratio , people are always on the lookout to see if this system can be finetuned to give greater returns. In the bargain we end up testing various systems all the time, many of the signals clashing and hence a sorry ending.

I guess faith in your system( and i don't mean just any system off the table. try and test many strategies and am sure you'll make one with a reasonable successful one) and the absolute discipline in following it will give profits.

Lack of Discipline and Greed are the primary pitfalls. overcome these and we are on our way to profits

Shutting out the TV evangelists giving out crap will be a huge step in bringing some clarity to our thinking

 

[sudhakar1980]

Before riding the actual plane all pilots train in simulation planes
before doing any operation doctors practice on dead or as assistant of some experienced doctors
Driving even a car , bike need practice and help from some experienced people.
What i need to tell do the basic home work.d
ie find 100 or even more examples of chart with what idea u r going to trade.
exactly need to know in this where to place stoploss, targets,entry.
practice minimum 100 examples with proper paper work ie
with entry price, exit price, profit/loss, stoploss ( please do this hard work and it may take months to do this paper work).
with out this nothing can be earned consitanly.
this will give good level of confidence on your plan and you will not change your mind during trading.

 

[sudhakar1980]

Before riding the actual plane all pilots train in simulation planes
before doing any operation doctors practice on dead or as assistant of some experienced doctors
Driving even a car , bike need practice and help from some experienced people.
What i need to tell do the basic home work.d
ie find 100 or even more examples of chart with what idea u r going to trade.
exactly need to know in this where to place stoploss, targets,entry.
practice minimum 100 examples with proper paper work ie
with entry price, exit price, profit/loss, stoploss ( please do this hard work and it may take months to do this paper work).
with out this nothing can be earned consitanly.
this will give good level of confidence on your plan and you will not change your mind during trading.

Also in amibroker there is an option tools menu "bar replay"!!!! can be used as a simulator in which you can practice.u can use multi time frame charts with this using file>new>blank chart option add like 1min , 2min,3min,5min,15min,hourly,daily,weekly etc etc ,and while u play bar replay by linking symbol option below u can view all time frame charts running simultaneously creating a real feel and try practicing in this.

Do not jump in to English Channel and try to crows it with out even practicing swimming in swimming pool.

Do not use ur actual money unless u trade and make money in metatrader or amibroker platforms or any other software.

thank u