Why Do Traders Lose? Part-I

Why Do Traders Lose?
This study showed that less than 2% of traders were profitable net of all fees.
In fact:

• 40% of day traders quit within a month
• 87% of traders quit within 3 years
• 93% of traders quit within 5 years 

All sorts of reasons are given for it, such as money management,black swan events, poor trading strategy.
It doesn't seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can't seem to find a way of being profitable over a long run.
Today we will discuss few mistakes a traders should avoid if they want to be profitable over long run.

Not Having a Trading Method

Continue Reading