Professional trading: Why 94 % of you will fail!

(Last Updated On: March 15, 2015)

Professional trading: Why 94 % of you will fail!

Honestly with all the crap teaching out there, many fail. This article spells it out quite nicely on a legit website called Business Insider. It is not some sh*tty affiliate marketing site wasting your time setting up these fake reviews of some ‘bigger’ financial institute!

http://www.businessinsider.com/what-percentage-of-traders-make-it-2011-6

Highlights include:

Lack of education

There are so many teachers, strategies, books, seminars, workshops and webinars available. Where many fall short is that they do not do the research to choose the best teachers to work with. You will save a great deal of time, energy and money if you decide what type of trading you want to do before you choose a teacher.

Too many choose teachers based on the teacher’s ability to sell them, on the teacher’s reputation for making huge profits or the ability for a teacher to make it look like there will be instant profits with little effort. In my seminars I hear traders telling their war stories about the bad experiences they have had with teachers and the thousands that it cost them.

Trade without testing

The only way that you will trust your strategy is if you back and forward test it. If you do not, when you have a drawdown, you will start to question it and yourself. Then it might be too late because you could run out of money and run out of passion. Additionally, where there was support from your family, you now have conflict.

 

So you really want to further waste your money? I hope you are not that stupid cause you see some moron flying in a helicopter or sitting on a beach in Bora Bora with some 19 litle girl wanna be porn star. Gawd, the world is full of suckersw who  want to live this fake lifestyle.

Join my FREE newsletter if you really want to know how to trade via automated trading

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This entry was posted in Stock News and Tips and tagged , on by .

About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs