Reasons Why Most Active Traders Fail

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Stuart McPhee, author of Trading in a Nutshell, discusses the main reasons why he feels that traders fail, and the fine balance between confidence and overconfidence.
To get more actionable investing and trading insight and advice please visit www.moneyshow.com

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16 окт 2024

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Комментарии : 149

@raimirosli3911 8 лет назад

he told us must have money management and trading plan.. money management is top one pro do.. but many ignore it.. because they one make fast money.. small boat want to catch big fish ..end up failing..

@MrNathan791 12 лет назад

Sounds like a winner.This how I plan my option trades.Having a plan is so important.These plans can really help to keep your emotions out of a trade. this is great advice.

@mykebulvai6627 11 лет назад

A plan is your strategy or methodology. Boiling it down it's basically when youre getting in, when you're getting out and the size of your positions. It covers money management as well, which is a fancy word for calculating position sizes based on risk/reward ratios and probability of system acquired through backtesting, hedging. The best MM book I've read: Money Management Strategies for Futures Traders. For a general overview probably start with the market wizards by jack schwager.

@fannyfx1668 11 лет назад

Comparing to other similar sites: • We pay more: 50-80%, others 30% or much less • Faster: we pay till the 5th of next month, others on 25th or later. • We have more brokers: over 70 at this moment and are adding new ones all the time. • We use many payments methods: PayPal, Webmoney, AlertPay, Moneybookers, Neteller, Credit Card, Bank, etc. Others only Bank or PayPal. • And there are many more things that distinguish us and our program from the others.

@Blaiserboy 11 лет назад

Some excellent points, Stuart. These are well worth paying attention to for new and experienced traders. Thanks for the video.

@drumfisch 13 лет назад

the man definitely does a good job in bringing worthy information forth.

@artysm7 11 лет назад

Well said. What's the best online trading tool/ platform to use in your opinion?

@232323C 11 лет назад

may I ask what a plan is? exactly? I am just beginning to study this.....would appreciate any help....thanks

@navketan1965 2 года назад

Sir,Do you recommend pairs trading using forex( say EUR/JPY & GBP/JPY OR AUD/USD & NZD/USD)--correlations are 90% and that gives solid staying power & sharply cuts down draw downs. Buy underpriced pair & sell overpriced pair(say using 14 period RSI on 4H charts)? And there are lots of such pairs with 90%/80% correlations--and ALSO that would sharply cut down accounts blow ups even with A new trader.

@me-clickltd1440 5 лет назад

Great show and you might think that capital grows and you are right

@sexyizatv 12 лет назад

I believe a trading plan is very important however if you have a trading plan that is not profitable you will not make any money. Before you get your plan you must confirm that the trading system or method is makes money first with statistics from backtesting and forward testing, once profitable you place a trading plan around that system to help you consistently trade that system.

@arniearnie3951 3 года назад

What is trading method ???? Market changes daily - how one method will work in every aspect ?????

@Blogverso 11 лет назад

easy, a plan is just a plan xD, for example, lets see you make back test and fine a strategy that works for you ( a strategy is a series of rules that you follow to enter and exit a trade ) so strategy would be th first criteria you will need 2, psycology ( the best example for this is when pple get out of the trades when they shouldn't just based on emotion. 3, money management, ( how am I gonna risk per trade, how much should I win etc ) thouse 3 together form a trading plan.

@jayjaygeebee 11 лет назад

what software do you use?

@raymondcajigal4923 11 лет назад

I also heard about GDMFX from a buddy.If i join them,do they a forex tutorial or demo account to try before actually trading live?

@xanh350 12 лет назад

what is trading plan? i have money management, but stil dont know when to enter or exit a position lol

@Hawkmanone11 11 лет назад

Hello I'm a new trader and would like to have a good plan but i'm still learning if you have a plan that I could look at i would really appreciate it so I could come up of a plan of my own. Thank you

@juanmanuelreyes9350 11 лет назад

Lee,I also head a lot of nice reviews about GDMFX?Are they legit?How much is their minimum deposit?pls let me know coz I want to try them as my broker.

@leobt98765 11 лет назад

what is trading plan?

@crisistrader Год назад

Es increíble, todos volvemos nuevamente a la base y tener un plan de trading es lo que me hizo tener resultados, como dice los trader perdedores cuando se preguntan tienen un plan es si pero nose no saben por eso pierde. Toda la razon, adecua un plan de acuerdo a como eres y siguelo.

@Bronzebk 8 лет назад

Great advice, it works.

@mike569112 7 лет назад

have a plan. brilliant.

@cruz47144 12 лет назад

I think the truth is most people that get in are novice's and only after a few years they know not to overreact to downswings. I know I did! I lost 60K but have made it back by sticking it out. Don't fear losing money it's part of the course

@Terakasi 12 лет назад

What is a good example of a successful plan? Of course people need a plan but a plan could be to buy on Monday afternoon and sell on Thursday morning; or to buy on rainy days and sell on sunny days. Cutting through the crap..., just what is an example of a successful trading plan? I just spent 4 minutes listening to the obvious. I just need a plan to be successful. I plan to buy low and sell high! Does that make me successful??

@leebelisario9582 11 лет назад

gdmfx has one of the tightest spreads available. they also have a free demo account.

@Theydonotcare 5 лет назад

Thank you.

@JamesBreen405 11 лет назад

Trading typically involves dealing with greed and fear rather than sticking to a proven system. I prefer to use fully automated trading software and leave it to the computer to do what it does best.

@roleca1978 11 лет назад

I prefer general price action using daily charts, and trading the trend. Made a killing the last month longing most yen pairs. I go thru fxcm and have a off shore high leverage acct thru loyal Forex (I'm in US so I signed up for the high levg acct before the NFA ban, which is unfair but I got in :)

@Raymanfan86sk 2 года назад

Thanks tom

@JOHNUDT 4 года назад

Imagine you are planning for a trip. You need to know what time you nee to get up, get ready, the tickets are to be planned well in advance, the hotel booking and cab to pic you up need to be arranged, the cost for the experience need to be made available of forex, the necessary additional dressing and other things that you need like your phone and inform the people that need to be kept in loop about you travel and destination if anybody need to pic you up and other insurance and needs to be taken care. If you have made all the above, you know there would not be much of a problem. The probability of any issues are less if you choose the hotels and airlines with good rating. this same is applicable for when some one say about a Trading Plan ... A plan to do know what you want to buy at what price why you want to buy and what price you want to sell and how long you are ready to hold and so on ...

@BlackJesus8463 4 года назад

nerd

@MyNegativeCreep 5 лет назад

No sound?

@Blogverso 11 лет назад

writing it on paper doesn't mean that your gonna be success LOL, that's pretty obvius, what he means is that EVERYBODY SHOULD HAVE A PLAN AND FOLLOW IT!!! that's it, writing it on paper is just a good way to be prepare for the losing trades ( mostly for newbies that get scared when they lose or wanna change their strategy without making proper tests ) when you get use to loses and still profitable you R ready, lose is part of the game. Well that's my personal opinion what do you think? :)

@juanmanuelreyes9350 11 лет назад

Tnx! GDMFX really makes a sounds lots of good feed backs from their traders!

@ajithkumar-oq6ss 4 года назад

I'm coming

@leebelisario9582 11 лет назад

sounds good. pls tell me more about GDMFX. i am really interested to know more about this global broker. i'll be opening an account with them anytime soon.

@jaywilliams3423 7 лет назад

I think a lot of it is because of brokers front running and using dealing desk etc

@yoiyoikokon 5 лет назад

If you trade forex yeah they do. But stocks/futures don't have those BS

@Patso65 13 лет назад

Good advice.

@TRADERSFRIEND 11 лет назад

Great video!

@himanshukumardubey3696 9 лет назад

Hello Mr. Tom i m not talking abut share trading etc.,i want to say one thing is that you just look like my father.....my father has no more,but i love him very much,i can't take him back from God,but when i saw your face on you tube......i was surprised,i felt that my father is with me.........so thank you very much to show me your face on youtube.......thanks a lot.....him

@leebelisario9582 11 лет назад

hello navinmania. I will be a Forex trader soon and I really don't want to fail. in this connection, i am asking for your help regarding my target online broker to be. Its the GDMFX. Are you familiar with this Forex brokerage firm? Is it really great?

@Blogverso 11 лет назад

oh and sorry for my poor english BTW :) hope you understand what I mean. If you have some question just ask. I will be glad to help.

@leebelisario9582 11 лет назад

gdmfx also has this hermes academy for new fx traders.

@MGriebe 11 лет назад

Hey, its Mac from Always Sunny with an Aussie Accent! "Here's a piece of paper, you can physically touch it." Why dig for gold when you can sell shovels?

@moneymakerfosho6915 8 лет назад

Great video

@Blogverso 11 лет назад

like some pros says " PLAN YOUR TRADE, TRADE YOUR PLAN, NOTHING ELSE "

@roleca1978 11 лет назад

Holy crap it sounds like a lot of trading systems have affiliate programs. So many people on here desperately trying to make a buck spamming on youtube. My trading system is doing well too but I don't need the desparate spamming money, the quality of the trades pays me well enough that I don't have to undermine my credibility by spamming people all the time.

@JamesBreen405 11 лет назад

It's a customized software that took three years for me to develop and test.

@mesa134 12 лет назад

because of trading my groceries are completely free...i dont see why not trade if it helps pay for some bills

@asdfasdf33f67 11 лет назад

I've went thru many plans and all failed so far so I wouldn't say having just any plan means you will succeed lol

@kawakami789 12 лет назад

No the reason most traders/gamblers do not succeed is because they are speculators and not investors. Invest in good companies long term and never speculate to make a short term gain. Trading=Internet poker it's that simple.

@joevideotogo 12 лет назад

If you fail just trade the pipdaq setups...

@hanishbhalla8883 8 лет назад

really appericate this vieo

@hanishbhalla8883 8 лет назад

yes really very good vieo

@crazyhead1588 Год назад

After doing trading I realised 90% is all the mind set

@michaelcohen5076 10 лет назад

Trading is a zero sum game. What you gain (lose) the trader on the other side losses (gains)

@toddlavigne6441 9 лет назад

+Michael Cohen No it is not...when people like you say this your revealing how little you know. Fuck man...you buy a stock at 100$ from someone who may have bought it at 50$ . You sell it for 150$. You both made money. Someone will lose money eventually. You can have 100 straight profitable exchanges and one losing exchange. It's different every time. Go back to sleep fool.

@joannelee2451 11 лет назад

Thanks for the video. One of my friend introduced me to this GDMFX, can anyone advice me in this? I'm still new and I have no experience. Wouldnt want to fail.. Haha..

@danielibrahiem6313 4 года назад

exactly right

@makaveli8979 4 месяца назад

99.98776% traders fail. The unbelievably smaller than small numbers that win are extremely and extraordinarily few. Their gains are all the money's from the 99.98776% that lose 😊

@FreeTrendIndicators 11 лет назад

Hey, that's a cool vid ★ I love trading with a free trend indicator, it truly helps me a lot

@haydenharris3059 6 лет назад

He says a trading plan equals consistent profit , I do not think so. The graph has no plan as it does its own thing due to the massive random variations of underline reasons for its movement so how can a plan deliberately help a trader to win. It makes me laugh when the graph makes a particular pattern and then people, using strategies, imagine its telling them whats going to happen next, hahahahaha Lol

@snowboardzilla 6 лет назад

A trading plan does not tell you what is going to happen next on a trade by trade basis. A good plan identifies patterns in Collective human behavior and gives you a higher percentage of winrrs over a series of Trades, not on a trade by trade basis. You don't need to know what is going to happen next to make consistent money. you just need to be able to play the game over and over again as you know you have an edge by following that trading plan. There is a random distribution between wins and losses On Any Given set of variables that define an edge and that is what kills most people, they can't stick the following that plan even though it is a consistently profitable strategy over the long run.

@robotinthebrain 12 лет назад

SCALPING IS USELESS. Many brokers already knows scalper's strategy, and therefore here is how they operate - suppose more than 50% of scalpers are short at 2pm. Their SL is 6 points. The broker calls Big Fishes on Wall Street or London or Hong Kong and asks to artificially rise the price by 7 points. Therefore all these scalper's positions gets closed, they loose their 6 points, the broker and the Big Fish are happy !

@rokin2long 11 лет назад

Hey Hawk. Most of the posts and videos you find here are going to be self serving. Don't reply. Go see your stock broker for help in developing a plan. He/She is the only other person besides you that is motivated by your sucess. Larry (20+ yrs in the markets)

@rysebeyond1050 10 лет назад

Those who know how to trade, trade. Those who can't trade becomes author! I f you want to learn to trade the market--- see Nial Fuller...

@rafalzasada8826 8 лет назад

+Ryse Beyond Guy is this video is actually good buddy of Nial Fuller. Both are scam artists. Watch video that is a proof "Trading Strategies Interview with Nial Fuller by Stuart McPhee".

@simrybak3582 5 лет назад

Rafal Z o Rafa Zaorski 😀 siemano

@MrRamraider 11 лет назад

Well that's a lot of nothing information, thanks a lot.

@BlackJesus8463 4 года назад

lol

@alano3834 4 года назад

All these guys have one thing in common...to sell a program. Hey, guys, if you're so smart why don't trade stock and become a zillionaire! Why sell us on how to do it? Ever hear the line, "Those who can, do! Those who can't, teach!"

@oscarcuban1319 11 лет назад

i NEED A pLAN g00d STUff

@TheNotoriousTrader-07 2 года назад

❤️

@sadadu55 13 лет назад

hey hey! Have you ever tried the British Box Breakout (just google it)? Ive heard some incredible things about it and my cooworker made tons of winning trades.

@kingmike40 7 лет назад

Traders fail because they listen to crap like this. No details on what a plan is, I'm assuming what to trade, when to buy when to sell, when to take losses. When to bank extra cash from the trading account.

@DEEPAKSINGH-qm2gr 6 лет назад

When to buy, sell, or take losses? Noone on this earth can tell you that.

@jaytowie7578 12 лет назад

@ptpbb Mark Douglas really helped me with my trading psychology. In fact I recommend you read his books if you struggle mentally in the markets. Once that is nailed down you are mostly there, get a good strategy and reap the rewards! (check "bullpips" on google for info!)

@axewhyzed 11 лет назад

Auto-trading systems consistently perform better than humans. For real time results based on 25 years of research, please contact oceanic at post dot com

@toddlavigne6441 9 лет назад

+axewhyzed actually that's bullshit. Most bots lose.

@THANOS43 11 лет назад

No Crying In Trading

@markalison5118 10 лет назад

I also loss my money in trading but i found a way to make money with 4NetJobs. com and i am making $4000 a month

@544agent 5 лет назад

I’m sorry but lame video. Wasting people time isn’t fresh. How about giving your plan. ?

@BlackJesus8463 4 года назад

What's your edge? Trend pullbacks? lol (my bad)

@moneytrade6466 7 лет назад

WHAT İS FİBO LOTS

@moneytrade6466 7 лет назад

WHAT İS FİBO LOTS?

@drknoba 11 лет назад

I trade at a prop shop and you need to stop talking shit. Just because you wrote you how you're going to trade in a peace of paper doesn't mean success. Trading is a skill, and like any skill you need to constantly practice it until you get it perfect. How do you become good at basket ball. By playing basket ball. Only reason people fail at trading is because they aren't willing to put in the time and effort to develop the SKILL!!!!!!!!!

@robotinthebrain 12 лет назад

I'm talking about CFD product that is real SCAM !

@dee23gaming 2 месяца назад

What a bunch of beating around-the-bush-bollocks 😂 Trading is about having your TP hit as much as humanly possible. If you aren't, you are not making money. Simple as that. Strategy is everything! Any idiot can risk 1% per trade and be disciplined, but if your equity curve is just a random walk chart as a result... well... that's no good, is it? You're either a bunch of frauds, or you are just that good at keeping secrets from the general public.

@Beatstockpromoters 12 лет назад

beatstockpromoters d.o-t (c.o-.m}

@nafism6969 11 лет назад

this was a complete waste of time.

@elijahmumfordjr1572 8 лет назад

....all this ..mumbo,..jumbo,,,yackety,..yack,,.!?...Hasw anybody ,..Made any $$$,...MoneY"..!?..

@GUSTAWSON 8 лет назад

trading is a scam

@olegandbecca 8 лет назад

+GUSTAWSON stfu u pos loser.

@moneymakerfosho6915 8 лет назад

You are correct trading is one of the biggest scams in history, however you can still make money doing it

@rafalzasada8826 8 лет назад

+GUSTAWSON Trading is not a scam. Trading courses and other products are scams in 99% of cases including at least some guys featured on MoneyShow (guy in this video, another one is Chris Dunn - highly skilled marketer and persuasive snake oil salesman who is fooling people with his enthusiasm). Another thing, which is not a scam but rather manipulation, is that brokers reveal traders' profitability only for each 3 months so they can claim 30% success rate. Unfortunately 3 months data is almost meaningless - it's just by pure chance, anyone can catch short term trend. Only reliable data comes from Taiwan Stock Exchange which is centre for all national trading and which is willing to reveal all data. Based on that long term profitability rate in retail trading is about 1 %.

@raimirosli3911 8 лет назад

its a scam when u picked scam broker.. many good broker nowadays..

@haydenharris3059 6 лет назад

Trading is not a scam if you use a reputable broker. Please let me tell you that all the mentors trainers sellers of strategies and systems and signals make their money from just that. I have seen hundreds of forex videos and they are all marketeers who use forex as a way of making money by selling a dream and its just so obvious. Forex is gambling on an unpredictable graph movement always. Its unpredictable because trillions of pounds daily by millions of traders cause tipping points on the graph which change its direction spontaneously and without notice. Once you learn the fundamentals which can be done in a day and you have an amount that your happy to win or loose in a session, then have fun but use a reputable broker and only use money you can afford to loose. If people win when using skills strategies signals training mentoring etc, its not because of the latter but instead because they took advantage of a run in a particular direction which they could not have deliberately foreseen, and could have been done by guessing anyway. When people take a win or a loss, the graph could still continue or change direction which they have no clue about other than saying look I was correct which in hindsight, anyone can do. Teachers are selling something that they cannot prove works because there is no mathematical formula other than the one called BS pardon me. I am only talking about the forex graph scenario where the only information you have is a simple average depiction of a massive and ever changing financial world full of different combinations of underline reasons which are impossible to ascertain. and which give the graph life.