now i understand why 99% of traders don’t make it

it’s just too difficult to trade profitably on a long term basis lol

it’s difficult mentally, conceptually, and in terms of execution

just way too much demand placed on the average person

most people that get into trading probably don’t even want to study something like wyckoff methodology or read any book on trading

they want to just jump right in and do something stupid, like buy when price crosses a moving average, or sell when there is a big red candle

that’s what 99% of people want to do lol

only like 1% would bother even reading the books and studying

and on top of that, there’s still the psychological and risk management compontent that also needs to be on point

and above all, a decent IQ level is needed to actually trade in real time and make decisions. to be able to understand the market and adapt when things don’t go your way. allowing you to hold onto your profits and cut losses early

that takes a tremedous amount of skill, understanding, and IQ. ESPCIALLY if one wants to do that over a long period of time and for a living as a full time job. it’s extremely difficult

yet the guys here don’t even have the brain cells to read a reddit post or form any type of intelligent thought as to how the markets move

they read stuff like this and think “hurr, i see green candle, time to buy”

that is 99% of people that are in trading, unfortunately

submitted by /u/mahrombubbd to r/Trading
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