What is behind success and failure?
Yesterday I was watching the film “Two for the money” with Al Pacino and Matthew McConaughey. It has nothing to do with trading. But it’s a great film and gives clear answers to mentioned above questions.
All secrets are inside of us. Most importantly, our unconscious mind controls all our life. The real reason only 10% of traders are making good returns is the fact that only 10% come to trading to generate wealth. Yup, that’s true. This 10% are addicted to earning. They are always focused. They read between lines all technical and fundamental analysis and see what behind the scene. It’s not a gift as many think. This is a hard-earned skill. Not always all goes well, but this 10% of traders always remain great money managers and they win a trading game, again and again, no matter what.
What is wrong with others 90%?
They are gambling-addicted. They never think about building strategy or money management. As they come to trading to get emotions. They used to bet much per trade and make all investment decisions without any complex analysis. In fact, they do nothing to avoid potential losses or reduce risk. Suffering from losses is what gives them the feeling they are still alive. These people lost the ‘colors of life’. Trading is only the way to feel something for most of them.
Why only 10% of traders make money? by Inna Rosputnia
Wishing you a great week!
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