Some say 90% of traders fail. Why is that so?
Events occur at two levels: individual and group. At individual level, failures are arrived at because trading is too often taken for what it is not or for entertainment or for a rodeo-like atmosphere or for purposes too insignificant to produce lasting benefits or for countless other uninspired reasons. To many aspirants, the salvation that trading is supposed to bring turns into the final debilitating blow to their money and personality. The reality is that with too many people there is no reason to succeed. Sadly, these truths come up only in retrospect. It seems life has millions of ways of losing and just one way to win. There is so much to talk about this topic that we just can’t get into details in here. However, we can’t leave this discussion without differentiating between those who started with the wrong foot and are bound to fail and the experienced traders who fail to maintain their output. If you remember, there are plenty of stories of fortunes that have been made and los