Quote from: Ridwan Fauzi on December 16, 2020, 02:39:25 PM

Where did you get this analysis? I'll be happy if you put the source to convince me that the analysis is trully happen.

I mean, I never got this information because if I got it then I'll have many times before I decide to be full time trader.

I read a trading book and the author just called that trader is a cursed profession and I just thought that it is true because I've felt it.

A trader prediction only have 70% if he really sure about his prediction. They never have 100% a chance to get profit about his prediction. Also, trading is always hard, just a fool people who admitted that earning money in trading is easy.

The sources for the numbers are just above your message.

Quote from: Maus0728 on December 16, 2020, 02:56:19 PM

Would you cite those research papers you've been referring to? Many statistics, especially in trading, often relies only on a small percentage of respondents and never reached a the vast number of whole day traders. Yes, it is accurate that it is only almost 2% whom earns in trading, even I myself still struggles with it despite of being knowledgeable enough in that field. Trading, in overall aspect, is profitable. It really just an intense gambling of risks whether or not you take a point in either buying or selling. And of course, some intermediate knowledge with reading charts as well and searching for news would be a huge aid, yet the most important would be one trader's risk appetite.

Just a little note, there are DAY traders and LONG-TERM traders, whilst there are also STOCK trading, FIAT trading, and CRYPTO trading. Your 'researches' might be accurate on one side, and could be the opposite on the other.

The sources for the numbers are just two messages above. You also forgot to mention SWING traders, ALGO traders, ARBITRAGE traders, BOND traders, COMMODITY traders, DERIVATIVE traders, OPTIONS traders, SHORT-TERM traders, BOT traders, whom else you wanna include? Wink

Quote from: Ratimov on December 16, 2020, 04:10:13 PM

Since trading is one of the most difficult professions and very long in terms of formation, the issue of learning in percentage is the same as that of successful traders. You can prepare theoretically, but practically hardly. Here psychology is also important, psychotype, approach and so on. This cannot be taught.

It will not work like that, having studied other people's mistakes you will only understand superficially, but the best understanding for a trader comes through his own series of trial and error. This is best stored in the head. That is, your negative experience will push you to find the right solution faster than someone else's. Until you make a mistake yourself, you will not understand. So it will never be possible to analyze other people's mistakes and completely avoid them. All traders have always lost their money at least once. And so it will continue. You have to go through this.

I believe you are correct. But if that's the case that would mean someone could automate all those things and avoid "personal experience" & psychological factors. Yet, algos also don't always produce positive return with consideration to all related expenses.

Quote from: posi on Today at 07:05:33 PM

Yes, it is. The strategy I mentioned can be used to trade in other patterns of online trading or investment you mentioned but you can't compare them all to cryptocurrency because crypto is volatile, only traders that have already learn how to maximize their profit over the loss and also seize every opportunity presented by the market can trade crypto.

Maximizing opportunity to possible loss is fairly easy I think, by just following TP @ 3 and SL @ 1 (3-to-1 ratio) would produce "decent" results and would make sure you don't lose all money too quickly.

Quote from: Distinctin on Today at 07:39:42 PM

In trading, it's good to always seize every opportunity that the crypto market has to offer but expect that not all opportunities will give you profits because sometimes, it's there to give you lessons to learn. If you chose to be more patient and always control your emotions when trading, then you can be those 1% who remain to trade successfully after long years in trading. I guess the reason why some traders don't last in this trading activity because of their thought that trading gives you quick profits and make you a millionaire in just a short period of time which is definitely not true.

In fact if you try to seize every opportunity around you are likely to get distorted and get your capital spread on too many deals which you cannot track well because of natural human limitations. If you try to play statistics by using "law of large numbers" and take every chance with the hope that eventually 51% of opportunities will be profitable and 49% will be not - you will very quickly find out that your capital is not sufficient to try that law in real life.