34. Why Most Traders Lose Money and The Solution

[Visualrmmvideos]

Thanks for a very good video!

I fully agree to the important aspect of money management. Traders do have some of it in their instrument set up, like stop loss and exit points and so forth. What is neglected is the account protection in live trading. Have a look at our videos. It show how easy it is to get money management protection while trading live.

[missrosetejano]

wow this is one of the first area's of trading i went. lol

[guest2424]

I think exiting is more important than entering. If you get in a trade, you will not want to close without a profit which can cause: Staying in a trade with the optimistic hope it will turn around. Having a winning trade turn into a loosing trade, because you wait to long to exit. Getting in a trade that starts bad and keeps going worse. If you always know when to exit a trade, your loss will be minimized, but going by set loss numbers VS the current activity, IDK that's where it gets tough.

[2011bilaal]

lossing is good thing..if you learn to lost ..it made you tough and batter smarter ..and sooner or later you will got in to top... if you cant take lost dont play

[guest2424]

@2011bilaal If you refuse to take a loss, you will deplete your account on "margin calls" hahaha.

[manluvf]

my client changed his account password...i made profit for him 8 k

and i lost 8.5k

but still working...he is ass i feel im loser now..

[onkar2510]

okadvisors.blogspot. try this for real results!!!!!!!!!!!!

[NiHaoWoJiaoYang]

This is true. My predictions are perfect, but I suck at exiting with my profit. I always want more that kills me. I turn 100 into 1000 in four days then lost most of it on the fifth day because I got greedy and didn't know when to get out with the profit.

[GeorgiaBoi70]

You have to wonder how a video like this can get 14 "thumbs down." Perhaps it's the exact reason that traders fail. They just don't want to listen to sound, logical advice.

[adolfolicious]

he lookslike hell

[lorax2013]

There are old traders and there are bold traders, but there are no old bold traders.

[freeSCALPINGindicato]

U will not loosing if U use |RIGHT Forex tool...

[srxshadow]

Although this is an intro video to this portion of your series, this theme is by far the MOST important part of being successful at trading and keeping your profits. Novice traders don't just trade against other traders and the markets, they trade against themselves.

[anitrabroo1]

Thanks for sharing what you know. Have watched several of your videos. Great work!!! 

[d1a2n3i5e8l]

Are you wearing a shirt? good info though. Thank You.

[TheZApprentice]

I agree, money management is the most crucial aspect of trading... BY FAR!!

[sgrouge]

Im starting my first trades.

Trying to have a good strategy, like losing small amounts and winning average amounts.

Minimizing risks.

Im projecting to adapt my irl, and have more discipline.

[joe18370]

the fees are what i worry of and i think its why a lot of people fail,you have to cover the fees to make more money .

[Lafraim]

Some limitations of the banks were lifted in 1995. This year can be called a funeral for all the savvy traders in the market. They opened the shorts, and then a margin call

[zeuthuk]

Trading psychology is the one thing many amateurs overlook. I used to pull out of winning trades because I lacked the confidence to follow through my actions. So, I asked myself the question 'why' and I didn't return to trading until I found the answers. That decision saved me a lot of money and made me a better a trader. You must be reflective inorder to develop and that 'magical' indicator you look so hard for, is you.

[smokenfly514]

Hi, I am a student who is planning on buying about 20 different stocks that I've picked out carefully. I'm wondering what website or financial company offers the best prices for trading stocks (TD Waterhouse charges about 40$ per transaction!), along with good security and service. I mostly play on buying Canadian stocks.. Thanks, I appreciate any help

[johnmarkussen]

@smokenfly514

good luck.. one question did you have a list with the stocks you wanted to buy when the markets were down completely? firts homework ,then trying to buy them when the whole market is down.very tricky thing to do because all the news will be verry negative.tradestation 1c /schare so forget the 40 dollar bullshit

[msnpassjan2004]

@smokenfly514 I trade about 6 large cap stocks a year and at $7 per trade Scottrade com has been pretty decent for the last year. Although they sometimes charge 7 and change like 7.15 for some reason. Still a good deal with decent execution.

[OilTradingAcademy]

How would you like to day trade with your own personal "cheat sheet"? How you ask? Easy, I got a real secret for you, the entire Oil market doesn't trade, instead it's controlled by a computer, and I know the "code" of this computer. It's very easy and simple, and once you know the "code" for the Oil market you'll know when exactly to take your entries with up to a 90% accuracy rate, allowing you to make a lot of money very easily. Google my website "Oil Trading Academy" or visit my profile.

[zeuthuk]

@OilTradingAcademy If you have a great system to make money then why not just use it make a lot of money instead of taking it from gullible newbies in search of the perfect system. GL

[OilTradingAcademy]

@zeuthuk, why not use it to make money? Well I discovered it 4 years ago, you think I haven't been making money? Should I just continue to keep the secret to myself? Be selfish and greedy? Is that the way I should be? What about all the people I've helped, I shouldn't help them? I shouldn't do any good in this world for other people I should just do for myself? is that really the world you want to live in?

[laton2010]

@OilTradingAcademy go away stupid scammer, bastard, your mom stink,

[OilTradingAcademy]

@laton2010, nice language you have, did you learn that from you mom?

[vitekm]

Talk is cheap, show me some real time action. If you make money on stock market why dont you fix your face you reatrd ?

[AlexanderGoldable]

Pfffffffff , they try to sell something at their website. Probably this man doesn't work there anymore.

[wallstreetgatekeeper]

He's correct, I will be advising my group to check for this guy..Wallstreetgatekeepers coming in the future

[FreeFOREXautoROBOT]

because they dont use forex auto robots..

[busystock]

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[RudyMvp]

BINGO! Trading is a war against oneself!!

Fear and Greed and a persons ego is what kills traders. Psychological stuff in trading SUCKS and is totally boring BUT,,its the most important. Sometimes I think people are more concered with picking a top or bottom to feed their inner EGO proving to themselves how smart they are than actually just making money.

[wtgsdfes]

We've been using this forex system for over a year now, and this has completely changed our lives! Now money isn't a problem for us any more, and because it takes only very little time to trade using the Forex AutoMoney system, we also have plenty of time for us. The system is very simple to use and we can honestly say that anyone can succeed financially with this forex system. Learn how to make money at [ MakeMoney8SScom ](replace SS with a dot

[cunnidvd]

thanks Dave

[purplepatchforex]

Good stuff, I applaud your efforts, there are so many trying to rip you off, this is genuine 100% free information, and a lot of it, great stuff.

[laton0]

i found megapips sytem

todaymarketsignalsdotblogspotd­otcom/

[szemingyam]

Makes great sense. People think they know it all do not apply all of it. Thanks!

[30percentplusreturns]

The only traders that lose money are guys like this who preach why traders lose money. Experts like myself and people I know would never make a youtube video or write a book. Trading is an intuition. Its being able to see through the lies. You are born with it.

[vbali1982]

@30percentplusreturns Grow up Mr. Perfect!

[crazyninjaful]

I do understand a major concept already: successful traders have no reason to produce videos on trading. Doesn't take a rocket scientist to figure that one out.

[Boogers4dinner]

They just want to help people out that's all. Especially beginners. This is useful information to beginners. I had someone ask me how do you know all about stocks and things like that. You'll be amazed at how many people want to get started but don't what they're doing so they ask a lot of questions. This is good for those people. :)

[crazyninjaful]

>They just want to help people out that's all. >Especially beginners.

You are just the sucker that they are looking for! You think that a person who makes money off of other traders' loses has the heart to help others? Where is the logic in that?

You are either a wolf or a sheep...no middle ground. Why not look inward? All the answers are right there.

[Boogers4dinner]

Hmmm....?

[crazyninjaful]

What I am trying to indicate is that successful people do not depend on the "advice" of others; they find answers on their own. Do you think someone like Donald Trump listens to a higher authority? I think not.

Advice, teachings, etc. are not very effective because we can never truly understand another human being since we are all trapped in the isolation of our own minds.

The best way to learn trading would be just to simply watch an expert trader in action for a few months.

[OilTrading]

Greetings my friend, just wanted to let you know not to trade the forex market, watch my forex video and you'll see it's a scam.

I'm trading Oil now, if you haven't tried it you may want to, it's the best thing I personally have ever found, I'm able to trade it everyday and make money, and do so in a very precise way.

Sincerely,

David

[777Jubilee153]

How much is the spread?

[utubnagain]

Good stuff on informed trades website.

Thanks!

mt4trading(dot)com

[FXThug]

Dave speaks the truth, money management is probably the most important, I am just beginning to learn that and shift my emphasis to MM instead of all out entry!

[ichersue]

many thanks for these videos sir - it really helps if you have someone explaining technical stuff in simple terms

[ichersue]

my very first demo account started with 100 USD and by the end of the week it had grown to almost 400, due in large part to a series of trades where i profited around +20 each thanks to "luck" "guts" or "instinct" (i.e. guesswork) and, feeling overconfident (i was like, "i made $300 in a week on my first demo account, and i'm only 19! yay i'm gonna be a millionaire before i become 20! i'm so great!!! weeee...") i traded larger and riskier positions and...

...

opened a new demo account.

[FXThug]

Wow you must be the next John Arnold, so how much risk do you take per trade? what was your worst trade? did you almost lose half your account? heh it's easy to beat the market short term through luck, but the market is a snake it will bite, when it does it's fatal...Careful I have a feeling your taking too many dangerous trades and sooner or later you'll take a devastating lost.

[ichersue]

right now i'm only practicing on demo accounts so it's all OK for now. my worst trade (hopefully) was just last thursday. by that time i was feeling better with my analysis and most of the indicators & oscillators i used were pointing downward so i shorted 2 minilots of eur/usd at around 1.4280 (my demo account was @ $160, and i usually trade microlots so 2 minilots was too much) and in a matter of minutes the price went up to 1.4400! i didn't lose half my account, i lost ALL of it.

[95Farzad]

God bless you man. You are amazing

[AdamSlowHandSmith]

Heard someone who said that most traders only need to lower their expectations to stay "in the game", instead of swinging for the fence every time at bat.

Funny thing is, few realize that you'd be better off making $300 a day consistently than gaining $1k one day, and losing $1k the next while hunting for "the big trade".

Counter-intuitive, but the less you focus on winning instead of focusing on becoming a better trader, it seems the better you will do.

[InformedTrades]

This is very true. It is much better to take several smaller higher probability trades than try and swing for the fence and take low probability trades.

-Brendan

[intelliGENeration]

@InformedTrades you have a higher probability of hitting your target when your target is well within the variance/volatility points... but this strategy needs a lot of margin leverage to make a worth while return.

[drummerboy5142]

I wish I could make $300 a day!! I am lucky to make $50-100

[MrKompere]

@AdamSlowHandSmith it's called risk taking Doh !

[TheLiptonGroup]

A lot of traders lose money, because they are Gordon Gecko wanna-bees. -They think they need....and CAN do a deal-a-day.

Do most baseball players hit a home run out of the park, every single day ? -NO !!

[sjs2011]

Your right, alot of people get caught up in the initial success they may have, and all the millions of things they have read and they get greedy.

They start thinking wow! soon I will be a millionaire if I keep this up!

Many very successful traders begin like this. I did, but then I realised..

Trading will not make you a millionaire overnight!

[FXThug]

it's because people don't understand day trading is for Pros, and a lot harder then swing trading with a daily chart, you can do it but for noobs its best to stick with daily charts rather then 15 mins.

[ichersue]

i agree - back then i was using FAPturbo forex robot on 15 minute charts and as i was watching the candlesticks i was tempted into entering thinking that this was only a demo account so there's nothing for me to lose. at one time i used RSI+stochastic on range-bound markets and MACD+ADX on trending markets, which did well sometimes, except when the price moves sharply, as in my other comment. thankfully it's very easy to create new demo accounts so i'll just keep experimenting with demo accounts

[TheLiptonGroup]

Okay... I like your videos. Good stuff

Hey, just wondering if you want to partner up on some deals ?

You can e-mail me daily updates, about what stocks I need to purchase for the day. --Try to keep the list small - just a few stocks that will go up 5% to 9.5% for the day

Then I put up my money and make the trades. Since we are partners....amigos.....The Lone Ranger (you) and Tonto (me).....I will agree to give you 55% of the profits

57% on stocks that return 10% in a day

[ridgy1200]

boring. 3 minutes of saying nothing

[yollsa28]

Excellent video! It's great to see someone else succeeding at making money online.You're right, psychology is far more important than most people realize. If you ever want to see how I make thousands a week online, contact me through my channel. Thanks again!"

[trade0714]

You're right, psychology is far more important than most realize. Most don't "get it" until they've lost a good percentage of their account. It's not about trading plans...they are a dime a dozen and can be learned by anyone with a high school education. It is all about the complex workings of your mind that most dismiss as "psycho babble". They don't last long.

[InformedTrades]

Hi Trade0714, Thanks for the comment. The psychology of trading is one of my favorite parts about it, such a challenge. Best Regards, Dave

[laton2010]

@trade0714 Hi, i discovered these two free places very ineteresting

pipscode.page.tl and

rocket-forexsignals.blogspot.c­om

[novoster]

Really good things noticed. They must be learned in details before profit appears.

[InformedTrades]

I couldn't agree more. Best Regards, Dave