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BrentinUtahsDixie wrote:
> You can tell how simple and easy trading is by the exceedingly high
> percentage of successful traders there are. NOT!
This has always puzzled me. Trading IS easy - at least the technical aspects
of it. Rank amateurs and even kids can rack up incredible profits day trading
in simulated situations. The only thing I can think of is that they are
unable to execute properly - which almost all traders have to go through on
the road to being profitable.
>The reasons for failure
> are virtually the same as the reasons for failure in any business.
> Undercapitalization, inexperience, lack of planning and execution, lack of
> market understanding, inability to deal with problems or find solutions,
> over expanding or overextending, lack of priorities, slowness to react to
> change, over reacting...etc.
I don't think it's all that complicated - to me, the main reason can probably
be summed up as the inability to understand how much time it takes to develop
the proper psyche to be successful, without realizing that the lessons will be
expensive along the way. You can't just start trading with the required
capital that an experienced trader would need to make a go of it - the tuition
is needed as well, a factor that is almost never accounted for.
Regards,
A.J.
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