Thread: Why do Newbies Lose?

Originally Posted by ;

quote Because preaching to the choir is dull... Someone who will think for himself is a rare individual in this world. All belief systems are self referential.

Sorry for the late response but been busy scoring pips for the last few days. .
I know that we'd never agree on the issue but that said, the last line seeing beliefs itself referential did ch me laughing out loud. .
Thanks for that and FYI, online could just be perfect for election campaigns depending on which species one votes for, whether it is the donkey or the elephant. .

Originally Posted by ;

quote Sorry for the late response but been busy scoring pips for the past couple of days. . I know that we'd never agree on the problem but said, the last line regarding beliefs being self referential did ch me laughing out loud. . Thank you for that and FYI, that line would only be perfect for election campaigns depending on which species one votes for, while it's the donkey or the elephant. .

True ain't it? It applies to any body of knowledge involving trading.

I forgot to add...

All belief systems are self-referential.
Including this one.

Originally Posted by ;

quote True ain't it? It applies to some body of knowledge including trading. I forgot to include... All belief systems are self-referential. Including this one.

LOL, that's for damn sure but at least, with trading, we get the very same op-eds on the holy grail requiems and I dunno exactly what self referential these traders were using, for creating those damn threads at the first place but we, as a whole, confident could have done without the rinse, repeat, recycle grail-a-thorns. .

I am a a newbie...I did not begin trading yet, simply minding the forums...
In my experience the main reason is because may traders are trying to find the holy grail... rather than understand why the price is shing they desire a systems that forecasts future...
Also the absence of a clear path to follow would discourage the beginners... there are so many systems, so lots of dishonest mentors and no one, that's telling what's really important:

Why are you enter a trade?

Fundamental answers are:
- because indiors (LOL) advised me this
- because I feel it
- because I now have a proven system

Well... this are not the asnwers, or they are not the actual responses...
If you are going to trade You Need to understand why price functions IMO

Originally Posted by ;

I am a newbie...I did not begin trading yet, just minding the forums... For me the primary reason is because may traders are trying to obtain the holy grail... rather than understand why the price is moving that they desire a systems that predicts future... Also the lack of a clear path to follow would discourage the novices... there are so many systems, so many shady mentors and nobody, that's telling what's really important: Why are you input a trade? Fundamental answers are: - because indiors (LOL) told me - because I feel it - because I have a proven...

simply to clarify what I may have told you sooner, take care to distinguish why from. How is actually what's more important here, not just why. Why is trying to decode fundamentals...a futile task from which you'll find a million different views from professors and market personalities and common folk alike. How, on the other hand, is such a simpler question to work towards solving and is considerably more sensible. How can tell you in which to enter and exit. Why can't. It may look like an obscure, abstract situation to point outside but believe me once I say it is important.

Over confidence and impatience are big players in the failure of beginners.

Below are a few reasons traders loss cash:
Lack of Experience.
Lack of Discipline.
Failure to Include Stop-Loss and Take Profit Instructions.
Excessive Leverage
Greed: thinking about the big win over Effective cash.
Impatient.
inability to control emotion.

Newbie loose as a result of lack of learning and trading experience . They could recover these lacks if they pay attention to it. Old ones loose because they are not severe with trading they view it as sport where some times they loose and win. Proper method of trading with patience is great tip for success.

Originally Posted by ;

Here are a few reasons traders loss money: Lack of Experience. Deficiency of Discipline. Failure to Include Stop-Loss and Take Profit Directions. Excessive Leverage Greed: thinking about the win more than cash. Impatient. Inability to control emotion.

I agree totally with these motives. . I'm a newbie, and I'd like to share my experience Unless you're a really fast learner, I believe IMPATIENCE will get the better of you... Since I was learning and learning and then attempting demo over and over. . And after a while I'm like. . For God's sake would I ever put up the right trade..oh,nicely f**k it, I'm gont move for it... couple of hours later, I'm broke Today, I would say this is because of the simple fact that it is simply too early for me and that I still require a lot of learning. . I would not say I'm a bad trader, it is just that I'm NO trader yet

I believe that the most important reason newbi constantly lose is because they still have insufficient experience, they just newly begin they still hoping to understand about analysis or whatever else, so I believe its okay if newbie constantly confront lose at their beginning.