How many people will fall before dawn on road of trading

[henrythebest]

article originally from FMZ.COM

Bahrain Bank trader Nissens was once regarded as a machine for making money in Bahrain Bank. In 1994, due to his optimistic view on the Japanese economy, he held a large number of Nikkei index bullish futures contracts, which he thought would make a big profit. Unexpected Japanese Kansai earthquake caused the Nikkei index to plunge all the way. Under the premise of being too optimistic about the market outlook and under the pressure of keeping superiors uninformed, he continued to struggle buying at the lower price to diluted the cost price, which at end shocked the whole world, causing the Bahrain Bank lose trading account. Then, the Nikkei futures went up again, and Nissen fell before dawn.

On the road of trading, many people will fall before dawn. Nissen's case is just one of many. Nissen's run-in period with the financial speculation market is too short, the market is not well understood, and his risk awareness and management of the financial market are immature. Sudden wealth and media touts, can easily make a trader who entered the battlefield faint. The ending is also expected by the veteran. Financial market is very professional, magical and tempting. Everyone who comes to the market has confidence in himself. There is no shortage of elites, but it cannot tell who got real power and can stand out. In the frequent entry and exit day after day, your money is being consumed. In the long-term shocked stop loss, your capital is decreasing, and your confidence will become more and more fragile in constant loss. Generally, most people will retreat in a year. This is why many futures companies have many dormant accounts. When your survival lasts three years, no matter profits or loss you’ve taken, whether you are happy or miserable, it proves you are persevering and your psychological endurance is above the average, but it takes at least another two years for you to become mature. Though I have seen the amazing persevering traders who is still on detour after ten years. Therefore, in this long process, most of them are constantly wrestling, no hope for a trace of light, and can't afford to toss after frontal attacks again and again, then choose to leave with sorrow, which is also a kind of wisdom.

Buying and selling, seemingly simple transactions contain extremely profound truth, and this profound truth cannot be easily grasped by most people, let alone fully implemented. For this reason, this is one of the industries with the highest elimination rate, which is more severe than the 28 effect. If the ratio of maintaining long-term profit in industry is 1%, the ratio in stocks is 1‰, and the ratio in futures foreign exchange transactions is at least 0.01%.

This is a market of game, a market where a few people can succeed, and a marathon of endurance and wisdom.

Without a clear goal, you will often feel like to retreat; without a reasonable strategy, you will continue to detour; without the perseverance, you will be beaten by market; without the right ideas and methods, you will always go all the way to the black road; without deep sense of risk in the market after cruel beat, , you may still need to endure a long night even if you see a glimmer of light. Is there a chance to see the dawn? No one can really help you, but only by yourself. No one can answer you, except time.

When the tide of time recedes, you will know whether you can be one of the few people who can meet the dawn.

And the only thing to get that day to see the tide gradually recedes, is patience.

article originally from FMZ.COM

[babarian]

with the news, I think there will be a lot of traders who fall. but if they master the tricks of a good trade then all stupid things will be handled well.

[arpon11]

with the news, I think there will be a lot of traders who fall. but if they master the tricks of a good trade then all stupid things will be handled well.

In trading about 95% of people fall!  Trading is not a childish play it a game that come with high intelligence and hard work.  You have to be skillfull and professional before you can makes money from trading because many factors do affects the market that are beyond ordinary people comprehension.  Only 5% made the profits from what 95% loss and that is why so many people are not really getting it in trading. 

[butka]

It looks to me that what you describe in the OP is more investing than trading. There is a significant difference between the two. Also, it seems to me that you are talking about investing in the stock market, or is it forex? There is a significant difference between the stock market, forex, and crypto market. We should not put everything in the same basket. They may look similar, they may use the same TA indicators, but the markets themselves behave totally different. But I agree, the success margin is so thin. The main goal should be to find a way to be profitable in the long run, to profit consistently over time. Anyone can shine for a short while and then disappear.

[beerlover]

In trading about 95% of people fall!  Trading is not a childish play it a game that come with high intelligence and hard work.  You have to be skillfull and professional before you can makes money from trading because many factors do affects the market that are beyond ordinary people comprehension.  Only 5% made the profits from what 95% loss and that is why so many people are not really getting it in trading.  

I am just rubbing my eyes, yes I am still in trading discussion board, I just wanted to make sure. I am not sure that 95% of traders are failing. Because only with gambling, almost 99% of people are failing. At least 50% of people must make profits in trading. But, why we are having such an unhealthy trading environments ? Due to lack of awareness on effective trading ?  There could be many reasons but it is still an individual's responsibility.

I remember my first trading with doges. I closed my trade in profits just within the time span of 10 hrs. But, later on I stopped day trading as my results were not supporting me to continue with that.

[Xising]

with the news, I think there will be a lot of traders who fall. but if they master the tricks of a good trade then all stupid things will be handled well.

In trading about 95% of people fall!  Trading is not a childish play it a game that come with high intelligence and hard work.  You have to be skillfull and professional before you can makes money from trading because many factors do affects the market that are beyond ordinary people comprehension.  Only 5% made the profits from what 95% loss and that is why so many people are not really getting it in trading. 

Well, I am note sure about the statistic, but I agree in the fact that there are many people who fail in that department. I think that happens because of the reality that many people venture in the trading market without ample knowledge and with the belief that they can just wing it and be successful. Unfortunately, if that could have worked before in the old market, that strategy is now a lost cause because the market now is far more risky and too dangerous to just play with without the proper tools. Many upstarting traders knowing that such department can be a profitable one would give up after just a few days or weeks in the trading market because as much as it can give good returns, finding the coins to pursue is just as difficult.

[arifteguhr]

with the news, I think there will be a lot of traders who fall. but if they master the tricks of a good trade then all stupid things will be handled well.

That's right because crypto trading is not as easy as trading in the real world, so we also have to master the tricks of good trading so that we avoid falling

[Slow death]

There are many businesses in this world, but not all the people in this world do some business, and there are some people who try to do business, but they end up having losses and giving up. In the world of trade is the same thing, in the world of investment is the same thing... The person must do a lot of research, define a good strategy and have a lot of patience and diversify your investment.