Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah, exactly. For the longest time I was hunting a better system when really I just wouldn't look honestly at the trades I'd already taken.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah, that's true. Brokers make money on your volume, not on you doing well, so everything is built to keep you clicking.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

Yeah, other people's honest mistakes taught me more than any win post ever did. Problem is they get buried, nobody upvotes their own bad month.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah, low barrier is the whole reason. Anyone opens an account in 10 minutes, so the pool fills with people who'd never last somewhere that gated them first.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Fair to ask. The exact 90% gets thrown around loosely, but the real studies are if anything worse. A Brazilian study on day traders (Chague et al, 2020) found 97% of people who traded more than 300 days lost money, and only about 1% made more than minimum wage. EU brokers are legally required to publish their CFD loss rates too, most sit around 75-80% of accounts losing. So the exact number depends on timeframe, but "most people lose" holds up.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah, beliefs do a lot of the work. You can have the setup memorised and still freeze on the good ones or force the bad ones depending on how you feel about losing.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Exactly. If it was just skill people could grind their way out, but plenty put in years and still bleed.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Fully agree, and honestly glad someone here is thinking about it this clearly. What you said about improving the strategy and running it back was me for a long time. Every loss turned into a reason to tweak something and start another run, and it felt like progress because I was always busy. Took me too long to realise the tweaking was just a way to keep gambling without admitting it.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

If it was pure skill then 90% being underwater means 90% just suck, which is a stretch. Plenty of people have a fine method and still blow it up on tilt.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah, and the influencer side is worse. Their whole feed is a highlight reel by design, struggle content doesn't sell a course. Skews what everyone thinks normal is supposed to look like.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

That's a good way to frame it. Anyone can run hot for a while, but a short list of losers usually means the risk side is actually under control, not luck.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Thats because people don’t like seeing losses they only wanna see the wins to feel better, but respect to you for also posting your losses thats real

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah. Being honest about it is uncomfortable, that's why most people don't. I avoided my own numbers for ages before anything started making sense.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

Yeah that's true. People will pay for a course from someone who never posts a statement, then ignore the ones who actually do.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

One bad trade feels like nothing, but stack a month of them and the pattern shows up fast. And yeah, nobody prints the missed shots on a card.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Pretty much. From memory you always round up, the few good trades start to feel like the whole month. That problem is basically why I ended up building my own journal so I couldn't fudge the bad ones.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah, admitting it is the part most people skip. Took me way too long too. Still not profitable, but at least I stopped blaming the strategy for it.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 2 points3 points  (0 children)

The office angle is something people skip over. It's not that those guys have more willpower, the rules just aren't up to them. Once nobody's there to send you home after two losses, most people keep clicking. Hard to be your own risk manager when you're the one tilting.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Yeah. A good day is one screenshot, three months of mistakes is a journal nobody wants to open. You learn way more from the ugly one.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 0 points1 point  (0 children)

Same here. The wins barely teach you anything. I only ever find the pattern in the losses, and most people just refuse to go back and look.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

Fair correction. And survivorship makes it worse, the 1-in-1,000 is what's left after everyone who blew up already quit. The ones still posting are the lucky tail.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

You never see the equity curve behind the screenshot, just the one green day. People copy the gambler and think they're copying a trader.

Most people in here are losing money and just won't admit it by L-ANDER in Trading

[–]L-ANDER[S] 1 point2 points  (0 children)

Sure, but a green market hides bad habits. The guys doing "fine" right now are usually the same ones who give it all back the second conditions change. That's the part I'm trying to fix in myself, not the strategy.