Quote from: tottong on Today at 09:07:08 AM

Quote from: mvdheuvel1983 on November 28, 2023, 09:02:07 PM

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this.

Trading does not always produce profits and there are times when they experience losses in trading.
The difference is that experienced people understand how to recover losses and they can take profits in the next trade.
But for traders who are not professional, when they experience a loss they will try to do something that is not profitable.
This process occurs because their trading skills are inadequate so they will stop due to losses.

Correct. Trading is not always profitable. What is different is how they respond when they experience a loss. Unprofessional traders certainly consider losses as a disaster and do not want to learn from mistakes. but for professional traders they will learn from mistakes and rearrange their strategies. In essence, trading means learning many strategies, but finding a strategy that suits us, and focusing on that strategy. So stay calm, don't push too hard, and control your psychology. If we can master it, I'm sure trading will be profitable, even though it's not always profitable, but at least if we experience a loss, we understand how to recover the loss.

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This is in line with steps to maintain security and they will not boast of success in trading just to make money on a YouTube channel or other media.
But most of what I found were traders who had YouTube channels and they tried to explain the trading patterns they were doing. The goals can be varied and some may also talk about the income paid on YouTube.

In the current era of social media, many people want to use social media to share experiences, knowledge and so on, of course what they want to achieve is additional income from YouTube. And that's very normal in this day and age, it doesn't mean that those who have YouTube channels fail in trading, many of them are successful in trading and want to motivate other people to trade or more precisely attract followers. However, what is clear is that trading is not always detrimental and not always profitable. It all depends on us to recover the losses and when we make a profit, we can also maintain consistency. This can all happen with knowledge and experience.