Do you make these mistakes in Trading? Why most traders fail…: "Do you make these mistakes in Trading? Why most traders fail…
Reason 1: Trading without an edge
There is a famous saying in poker: “if you sit down at a poker table and don’t recognize who the sucker is, then it is you that is the sucker”, and so too in the financial markets… Trading is a negative sum game: for every winner there is a loser and both pay to play. To be a profitable trader you need to have an edge. If you have no edge and choose to trade then you become the sucker that profitable traders extract their money from. Harsh, but real.
Reason 2: Trading too large for an account size"
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