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Russell
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4 weeks ago
in Why 95% of traders lose money. on Winners Edge Trading
Most traders fail because:
1 - they are GREEDY.
2 - they are scared of losing.
To get on the right side of the ledger as a trader one MUST learn to control the emotions of greed and fear of loss.
Greed causes traders to over-leverage, over-trade and miss profit opportunities.
Fear of loss causes traders to stay in bad trades too long (amongst other things).
Learn to control these two emotions and you will become part of the 5% club.
1 - they are GREEDY.
2 - they are scared of losing.
To get on the right side of the ledger as a trader one MUST learn to control the emotions of greed and fear of loss.
Greed causes traders to over-leverage, over-trade and miss profit opportunities.
Fear of loss causes traders to stay in bad trades too long (amongst other things).
Learn to control these two emotions and you will become part of the 5% club.
1 reply
caseystubbs
Those are two excellent points. Greed and Fear will cause us to lose discipline and abandon our trading plans and our sound minds.
