Most 99 % of traders can not follow trading systems. The solution is to make expert advisors, eas and robots to trade and manage trades. Automation is the answer to be a successful trader.There are many psychological reasons for it. They end up trading their beliefs, emotions, stress responses, testosterone, biases, automatic mind responses , loss aversion and hundreds of psychological traits of the human mind.
There are 10,000 free systems , there are free profitable systems but people talk about 99% of traders losing. So most systems are not psychologically compatible.Traders will avoid taking on system trades due to their enemy in their mind.One reason for avoiding new trades is loss aversion.There is an enemy inside every trader.
If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.
Trading is a stressful mental activity, many of you will make mistakes in real time.
https://www.youtube.com/watch?v=5nHEXraQ8hw
Why does Van Tharp sell education and not trade for a living?
Van Tharp "Most people are not successful when it comes to trading. Why?"
I can answer that question on a number of levels. At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.
In other words " 99 % of humans will under perform or fail or lose money".
https://youtu.be/HVNGJpoSuk8
https://www.youtube.com/watch?v=6WjQqktAjgE
If traders don't understand the mind ,how it works subconsciously in trading , the traders can not have any plans for the 90% risk of under performance due to psychology.It is with the mind where traders lose in trading due to emotions ,stress , need to be right , subconscious emotional executions ,mind traps , automatic mind in trading , beliefs in trading , subconscious errors , brain command center shutdown during trading , brain freezing in trade executions ,the power the thought , negative wiring of human brain and it's performance in trading ,meditation , unreality reading of the real market conditions,cognitive biases in trading decisions , mental traps , benefits of patience and disadvantages of impatient traders , impulsive , self sabotage in trading executions , stress responses , amygdala hijackings ,personality , ego and other psyche characteristics.
Most traders have a profit gap , 95 % of traders have a profit gap.
https://www.youtube.com/watch?v=GhKJ9P3agRc
Develop your mental edge.
https://www.youtube.com/watch?v=op9D2SsIfGE
Traders mess up after losing , they lose control.No one likes losing.Traders lose discipline after mistakes, stress , emotions and losses.
https://www.youtube.com/watch?v=4PuZHZ1bdUw
https://www.youtube.com/watch?v=wkrbbkU9xds&t=621s
Most traders want their money back , after a loss .This is how traders can behave after losses.This scene is worth watching for stress, emotions and observing the human mind.All this applies to manual trading.
The trading loser wants his money back after losses, like the man wants his cigarettes.
https://www.youtube.com/watch?v=-0oG5ZhvtPI
The solution is to make expert advisors, eas and robots to trade and manage trades.I am trying to help traders with free trade manager here.trade manager robot expert advisor with source codes
https://www.forexfactory.com/showthread.php?t=804214
I have fully automated my 75 trading systems.
http://www.forexfactory.com/showthread.php?t=802780
There are 10,000 free systems , there are free profitable systems but people talk about 99% of traders losing. So most systems are not psychologically compatible.Traders will avoid taking on system trades due to their enemy in their mind.One reason for avoiding new trades is loss aversion.There is an enemy inside every trader.
If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.
Trading is a stressful mental activity, many of you will make mistakes in real time.
https://www.youtube.com/watch?v=5nHEXraQ8hw
Why does Van Tharp sell education and not trade for a living?
Van Tharp "Most people are not successful when it comes to trading. Why?"
I can answer that question on a number of levels. At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.
In other words " 99 % of humans will under perform or fail or lose money".
https://youtu.be/HVNGJpoSuk8
https://www.youtube.com/watch?v=6WjQqktAjgE
If traders don't understand the mind ,how it works subconsciously in trading , the traders can not have any plans for the 90% risk of under performance due to psychology.It is with the mind where traders lose in trading due to emotions ,stress , need to be right , subconscious emotional executions ,mind traps , automatic mind in trading , beliefs in trading , subconscious errors , brain command center shutdown during trading , brain freezing in trade executions ,the power the thought , negative wiring of human brain and it's performance in trading ,meditation , unreality reading of the real market conditions,cognitive biases in trading decisions , mental traps , benefits of patience and disadvantages of impatient traders , impulsive , self sabotage in trading executions , stress responses , amygdala hijackings ,personality , ego and other psyche characteristics.
Most traders have a profit gap , 95 % of traders have a profit gap.
https://www.youtube.com/watch?v=GhKJ9P3agRc
Develop your mental edge.
https://www.youtube.com/watch?v=op9D2SsIfGE
Traders mess up after losing , they lose control.No one likes losing.Traders lose discipline after mistakes, stress , emotions and losses.
https://www.youtube.com/watch?v=4PuZHZ1bdUw
https://www.youtube.com/watch?v=wkrbbkU9xds&t=621s
Most traders want their money back , after a loss .This is how traders can behave after losses.This scene is worth watching for stress, emotions and observing the human mind.All this applies to manual trading.
The trading loser wants his money back after losses, like the man wants his cigarettes.
https://www.youtube.com/watch?v=-0oG5ZhvtPI
The solution is to make expert advisors, eas and robots to trade and manage trades.I am trying to help traders with free trade manager here.trade manager robot expert advisor with source codes
https://www.forexfactory.com/showthread.php?t=804214
I have fully automated my 75 trading systems.
http://www.forexfactory.com/showthread.php?t=802780