Trading forums suck

lluzers

95 % of traders lose, a google search will confirm this, they end up on forums as teachers to new traders, 95% club are the losers who hang around trading forums , forums are infested with losers who advise new losers on the forums.These losers have lost money , are unsuccessful , don't know how to trade successfully , are advising new forum traders on how to make money trading. The forums are the blind leading the blind.

Would you go to a school of failed people teaching others?

PHYLISS on youtube said it nicely "those who can do , those who can't teach".

ColdIron

I'd suggest you stop taking advice from people on the internet, even PHYLISS on YouTube

Alexland

That's a lot of looses Lluzers!

Thankfully this is not a trading forum and we focus on savings and investments which over the long term are near certain to make healthy above inflation returns. Phew!

eskbanker

lluzers wrote: »

PHYLISS on youtube said it nicely "those who can do , those who can't teach".

I hope she didn't claim those words as her own, as they're widely attributed to George Bernard Shaw from 115 years ago, not that he used YouTube to disseminate them....

lluzers

Alexland wrote: »

That's a lot of looses Lluzers!

Thankfully this is not a trading forum and we focus on savings and investments which over the long term are near certain to make healthy above inflation returns. Phew!

If you understand trading psychology , that figure is most likely to be 99.9 % , since the other 4.9 % probably call their losses as long term investments , because these results are not declared to inland revenue . there is no gains.

95% figure only applies to 1 broker results , others go and lose again with other brokers.

99.9 % is most probable figure for traders , as opposed to long term investors who usually gain , if they have a lot of patience and good investment skills.

lluzers

eskbanker wrote: »

I hope she didn't claim those words as her own, as they're widely attributed to George Bernard Shaw from 115 years ago, not that he used YouTube to disseminate them....

You can apply similar statements to other areas of life

Those who can do who can't do coach sports , the ratio of successful coaches to successful sports stars is similar.

Flobberchops

So I can become a winner 95% of the time by hanging around trading forums and doing the polar opposite of whatever they suggest?

lluzers

Flobberchops wrote: »

So I can become a winner 95% of the time by hanging around trading forums and doing the polar opposite of whatever they suggest?

This action would be like saying "what if I am running a marathon with 100 others , only 3 can win up to third place , but if you were do the opposite of the 97 % ".The 3 winners had an edge over the 97 % who lost.

Trading success requires a very selective approach in picking winners.

Eco_Miser

lluzers wrote: »

95 % of traders lose,

But each trade is a zero sum game, one winner and one loser, so if 95% of traders lose, the other 5% must be doing a lot of business, and winning mightily. Or do the losses come from the trading fees, and it's the brokers who win?

lluzers

Eco_Miser wrote: »

But each trade is a zero sum game, one winner and one loser, so if 95% of traders lose, the other 5% must be doing a lot of business, and winning mightily. Or do the losses come from the trading fees, and it's the brokers who win?

The spread in trading is average 1% for ordinary public , stamp duty is 0.5% , books /education /mentoring /signal service /advice , trading courses , interest costs , mistakes (most traders make mistakes ) , overnight interest expense is where brokers make money from share dealers and other expenses make is a negative sum game .

Money in trading is made by sitting patiently , avoiding taking 2495 trades and making money on the 5 trades out of a potential 2,500 trades every year.The other 5 % do very little business ,they certainly don't hang around noisy trading forums.The least you trade the more likely you will make money.

ChesterDog

I like your last sentence.

That's the gem.