I am familiar with this idea from Robert Weist's success as a money manager and book, You Cannot Lose Trading Commodities, but he would only scale down.
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Why you lose money and will always lose 31 replies
The one reason that trumps all other reasons why traders lose 262 replies
Real reason why 99% lose - daytrading 96 replies
Consistantly learning.........A positive Trading Journal 27 replies
Just Curious...Has anyone here consistantly made $$$ trading with Forex.com? 4 replies
DislikedBut in the end, 95% of traders mess up triggering margin call and wiping out the accounts.Ignored
DislikedHi
It is very simple... As has been said by another famous trader/ mentor, CUT YOUR PROFITS AND LET YOUR LOSSES RUN! If your stops are going to be hit anyway, why don't you allow them to make you money instead of losing you money?
Good luckIgnored
DislikedOut of curiosity, where did this number come from? I've seen it quoted in just about every forex forum I've read. It seems to be the universally recognized "failure" percentage in this business.
Is there an actual study that someone could point me toward, or is this just the general consensus?
It doesn't really matter (or change anything). I would just be interested in knowing if it is based on any real facts or if it is only arbitrary.Ignored
DislikedHave you ever gotten into scenarios of huge running losses that never turns around in your favor?Ignored
DislikedHi
I have been trading forex fulltime on and off for more than 7 years. I have bought and completed several forex courses, read books, did online research on forums such as this one and even tried out EA robots. The only consistent thing that kept on happening was that I was bleeding money. Sure, I would have one or two profitable months, but I mostly lost money. I have wiped out several trading accounts causing myself terrible heartache during this time.
I would bet that every trader reading this post can and is identifying with me. Most of us...Ignored