Why Most Traders Fail - and How You Can Be Part of the 10% That Succeed: The exact percentage of traders that fail is difficult to accurately calculate. But the general consensus is that somewhere around 90% consistently lose money - and this might even be a conservative figure. Some believe it to be as high as 95-99%. This is often a shocking statistic for beginners to hear - and it typically turns them off to giving trading a real shot. They assume they have virtually no chance at … [Read more...]
Failure is Only Feedback – Use Losses and Mistakes to Grow
Losses and Mistakes Are Just Learning Opportunities For Growth and Development: As a new trader, you are going to lose often, be wrong a lot, and make numerous mistakes. That's just how it goes. But if you cultivate the right perspective on these losses, weaknesses, and mistakes - then these "negatives" can be turned into "positives". You have one of two choices. Your losses, shortcomings, and missteps can be used as excuses to give up and quit. Or they can be used as learning … [Read more...]
What is the “Fantasy Gap” in Trading – A Major Disconnect
The Trading "Fantasy Gap" - A Common Phenomenon Amongst New Traders: The trading "fantasy gap" is a common phenomenon amongst new, inexperienced traders characterized by a major disconnect between the desire for rewards (money/profits) and the desire to actually put the time, hard work, and sacrifice into achieving that result. To put it simply - most people who choose to pursue trading want the rewards but not the work. They think there's some sort of holy-grail or foolproof system … [Read more...]
