Why 90% Of Traders Lose Money
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- Опубликовано: 5 сен 2024
- This is why 90% of traders end up losing money in the stock market, on their trades - and it’s not what you think!
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For me the biggest way I’ve lost HUGE amounts of money in the past and was previously a part of that 90%, was by holding on to losing trades for TOO LONG hoping that they would magically “somehow” reverse/turn back around in my favor. Perfecting your entries, AND most importantly your exits, is vital.
YOLO !
Sage advice. Especially for swing trades. I think that when a stock drifts down slowly, we ignore it. If it blows up and drops 3 % in one move, we panic and sell. The trick is to limit your losses on a monthly basis with a trailing stop, and always to add more if its just a correction.All easier said than done. Don't fall in love with a position if its a losing hand, right? Double down if the trend is up.
@@humnnn be sure to look at your trades in terms of percentages. Look at and/or predict the size of the move, versus your share size. A mistake that people make when trading small share size is having unrealistic expectations in correlation to price movement. If a stock moves for example .50 cents to a dollar in your favor, lock in your profit no matter how small it is. Recognize the move. Also, respect your stops above all else. Stocks, similarly to sports, is more about playing defense than offense. Capital preservation is THE MOST IMPORTANT, above all else. Good luck my friend, I wish you the best🙂
@@brcam2013 and dont forget,the more you want the more you loose...
It's the most difficult part of trading - knowing and seeing the trends to realize when it's time to get out or stay in. Sometimes getting out can also be a losing decision, which makes things very difficult at times.
"The sooner you get in the better. Don't wait to buy stocks. Buy stocks and wait." - Warren Buffet.
Starting with a cash account means ALL of your money is never available, maybe half each day. The trades are smaller, the losses are manageable, and there's no PDT rule. I would recommend paper trading, first, then opening a cash account to be able to trade multiple times everyday
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It would be very interesting to see how much money these two traders and made and lost so far in 2021
Thank you for the feedback, might do the video on that - please stay tuned!
@@TraderTVLive Yeah I agree can you guys please do a video about their gains and losses for 2021
these guys in that 90% probably
Another thing that was not mention in here is No Day Trades left. people still trade hoping that the price action will still be the same on the rally day and did not have any day trades left. Thus, loses all.
Great info. Capital preservation is huge, but never thought of strategy chasing. Great show
Glad you enjoy the show! Thank you!
The first half of the year have been tough and mostly influenced and manipulated by the fear of missing out "FOMO" pushing most investors to dumping of assets, with many achievements not met yet.The race to financial freedom, sustainability and flexibility begins right now....
Greed. That is the 4th reason.
Nailed my last year to a tee! Sticking to what’s been working for me and eliminating what doesn’t. Appreciate u guys!
Great job, keep it up and stay tuned for more educational videos!
Excellent "real-talk" trading education!
Glad you liked it! Please stay tuned to see more educational videos!
FOMO for sure. It's never apart of any trader's trading plan, yet due to emotions it triggers us to engage in it.
Please stay tuned, more educational videos are coming!
Sale too slow is one reason
All 3 things mentioned boils down to wanting to get rich quick and not building wealth over time. Very few (as in, almost no one), takes $1000 and quits work and starts trading full time overnight.
That one chart was actually terrifying no jokes.
😂
My very first losing situation was not from fomo but falling knife.
😦
Great video, my biggest lost was because of risk management didn't follow risk management and also not to play with high risk stocks (low float) if you are new to trading, and lastly have your own strategy what ever works for you ,you are master of that strategy even if it's fail for most of other traders
Thanks for sharing! Well said, stick to your plan!
Trading too large size too soon. Once you see a trade going against you, you then start stressing seeing the negative number getting bigger and bigger. Emotions and huge size are my biggest issues I faced.
Thanks for sharing, it's a wise advice!
I doubt him at first but I keep
On seeing people talk about him I decided to give him a trial and it worked out I’m so dam happy I can now pay my bills I’ve earn $124k so far all thanks to the above name
Any trader that says they've never lost money is lying. The key thing apart from paper trading and developing a set of rules is to not only follow the rules, but to be disciplined. No-one is forcing you to make a trade except you. Stop losses within what you can afford and learn from mistakes, and that is why keeping records is so important.
Not if you started trading in april 2020, however 2021 asked for alot of that money back!
Good info especially the part about FOMO!
What has saved me was to ALWAYS exit at break even. If I make money, great ! But I'm not going to loose it ;)
I'm curious how you implement that strategy? When you enter a trade price can immediately go against you. Do you mean after it goes in you favor you put a break even stop? I often get stopped out too much because I have too tight of a stop. And if I immediately moved it to break even asap I would get stopped out too fast and not give the trade room to work.
@@Derek_1111 Good job! You just blew that strategy out of the water. It's impossible to always exit breakeven without becoming a bag holder. And a bag holder IS a losing trader. If your trades are ever going to work you inevitably have to take many losses. Profit is made with risk management not by raising stops to breakeven.
@@TRADINGARMOR I'm assuming your reply was meant for Mahalo Aloha. Yeah trying to always set a break even strategy is next to impossible. You'd constantly get stopped out even though the trade is going in your favor. I'm assuming she meant once the trade is above her entry by a bit she moves the stop to break even. But even then too often you're going to get stopped out by random price action. There's a reason why you have a plan for your stop loss and make sure your take profit target is at the very least 1/1 risk to reward but preferably 1.5/1 or better. Just depends on what type of trading you're doing. If you're unwilling to take a loss then too many times like you said you've just become a bag holder as the price continues to fall and now you're holding forever hoping price comes back to your entry. The thing about bag holding is that most people are willing to take huge risk in hopes to just get back to even. Then they'll average down their losing trade creating an even bigger loss. Then if they're lucky price gets back to their break even spot and they'll exit happy they didn't lose money. Basically putting up a ton of risk in hopes of breaking even is a sure way to not be a profitable trader. Not gonna lie, I've learned that the hard way myself. You gotta learn from your mistakes. Always have a stop loss/exit plan.
@@Derek_1111 Yeah kind of. I was saying good job to you because you saw the error in Mahalo's strategy. I can tell by your response that you know better than to attempt to never lose a trade. New traders think the main objective is to never lose money, then they end up losing it all or almost all of it. But they still have their precious shares! It's nice to see someone else that understands the importance of trading with a plan and sticking to it as opposed to just trying not to lose money. I didn't mean to rip on Mahalo. We are at different places in our trading journey. I wish the best to anyone that even attempts this crazy discipline.
@@TRADINGARMOR Ah Gotcha! Yeah my favorite part of trading is learning and improving. It can be a very rewarding experience to see your hard work paying off as you get better.
8:59 up left corner who is that guy right there hmmm ? im about to go get to the bottom of this
LOL great catch!
Another excellent video on trading and how to get into the market and profit. Learn first how to trade and practice with paper trades. Then try dipping your toe into the water with small amounts and always track your trades to learn from your mistakes and know what works for you.
I doubt him at first but I keep
On seeing people talk about him I decided to give him a trial and it worked out I’m so dam happy I can now pay my bills I’ve earn $124k so far all thanks to the above name 🆙
Thanks For doing theses training Videos
Our pleasure, more to come!
Buy and hold!
As I said before these guys are great I wish they were in Calgary so I could go and visit them personally ,but one day I will once iam in Toronto .
Cheers.
We would love you come visit us! Let us know when you are in Toronto!
FOMO has got me once or twice for sure
Good you caught hist and working on it!
You guys are awesome !!
Thank you for being apart of this! We promise, more content is coming!
Paper trading is SUCH a great tool! Tradingview is a free software and offers paper trading accounts, if anyone needed a charting platform recommendation lol
You are right! We also have a great TMS within our platform! We use the PPro8 Trading Platform. Learn more: dttw.com
is this pre recorded? i was wondering y the hell ur quotes were moving
This is prerecorded!
But est there's no emotion with paper trading...
Neal, Shawn and Brendan trade with Real Money!
We use the PPro8 Trading Platform. Learn more: dttw.com
Golden
Thank you!
Simple Stop day trading.
Stfu Batman. You, and others like you, don’t get to DICTATE how citizens spend their taxed/earned dollars in this country.
Stop day trading if your not good at it **
@@bballah9969 ? Profanity. Where? Okay the way you are articulate your words etc tells me that I probably would never even speak to you in public in real life, so why would I do so here. Have a nice day young man.
Well, for someone this might be a solution!
9:45 🤣🤣🤣🤣🤣
🤣😉
I need to do some paper trading because the money I made last year gave back everything this year around 50k not really upset about it but learned a big lesson from it.
you have paied nice training lesson :)
Good luck to you!
You guys should post on TikTok, there's a Strong trading community on there.
Could you please send link to that traders chat on tiktok sounds interesting
Great recommendation, thank you! TikTik: tradertvlive
Education in Trading isn't free... ;)
I doubt him at first but I keep
On seeing people talk about him I decided to give him a trial and it worked out I’m so dam happy I can now pay my bills I’ve earn $124k so far all thanks to the above name 🆙
Yolo. :)
haha same lets goooo!!
yolo !!! $$$$$$$$$$$$$$$$$$$$$$