Which are you:
Poll
- Six types of traders-which group are you?
- Joined Feb 2006 | Status: Blah blah blah | 1,410 Posts
The breaking of a wave cannot explain the whole sea.
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DislikedOk, here you go.
Indentify the number one reason 95% of people blow up their account.Ignored
DislikedIn all the 6 groups, there isn't one that says "I'm too lazy/lack the discipline to be bothered". Lack of discipline is really the root problem to each
Group 1: Traders who fail to determine the correct trend. Lacks the discipline to really look.
Group 2: Traders who have no plan or trading method. Not enough discipline to create a plan or trading method. Not even enough discipline to steal one posted somewhere online.
Group 3: Traders who have no risk management. Not enough discipline to have a reality check and consider all the possible outcomes.
Group 4: Traders who can't understand how your indicators work. Not enough discipline to research and/or ask questions to clarify how the indicators work.
Group 5: Traders who go back and forth between trading methods. Not enough discipline to stay focused.
Group 6 is already making money and isn't part of the 95% you mentioned.Ignored
DislikedDoes everyone else agree?
I mean that discipline is the root cause of failure.Ignored
DislikedWhat about this:
Traders who have a plan and the plan is succesfull yet they are not cause they cant follow their f'ing plan.
Haha, its been a rough month....Ignored
DislikedInvalid poll due to survivorship bias. The first 5 groups are going to be drastically under-reported, as thousands of ex-traders who once fell into those categories are no longer here to vote.Ignored