DislikedWhy do more than 95% traders fail?
1. Many inexperienced traders do not try to maintain capacity of absorbing 10 to 12 or maybe few more consecutive losses. If trading edge is the probabiility of more positive outcomes in long-run, one should be ready to accept a series of negative outcomes. Despite knowing how my edge works, I still feel depressed after getting more than two losses in a row - human nature. I am damn sure if at some point of time I hit a series of five or six losses, no one would visit my already somewhat deserted...Ignored
Hero calls followed by margin calls...