Why do 90% of traders lose money?

  • It is far easier to funnel a vast amount of money from the masses to a few winners than for a few people to give out money to the majority.
  • Any given game there are few winners
  • So knowing that statistic, do you want to be in the majority or minority?
    • “Do the hard thing” ~Richard Dennis
    • They watch Blue Channels ,They dont do Homework
    • They lack one or two of these four-Money ,Mind ,Method & Target

There is an important difference between being reactive and predictive. Trend traders never say “I think that market is going up so I’m going to buy it”. They buy when it goes up.
“The price is always right.”

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