We’re grateful for the perpetually losing traders in the world!
Yes, we are grateful that there are at least 95% of losing traders the world
over.
Do you know the most accurate definition of trading?
Trading is simply transfers of money from accounts of good traders to accounts of
bad traders.
Period.
Who is on the other side of your trade?
For you to be consistently profitable, you need to be better and smarter than
the traders on the other side of your trade.
The money you make comes from the losses of other traders.
For the market to exist, there must be more losers than winners. If there are
more winners than losers, the market will stop existing.
Smart Money knows it is difficult to enjoy long-term success in the markets,
and that is why they make it easy to open an account and trade the market. This
is contrary to what online vendors; seminar people and brokers want you to
believe.
If it
were easy to enjoy everlasting success in the market, Smart Money would make it
extremely difficult for you to open an account and trade.
We’re grateful for all the losing traders in the world!
For without those consistently losing traders, there will be no money to make
from the markets.
There are those who think they can attend seminars and then start making money.
There are those who think they can just use a trading system and make money.
There
are some who believe robots/AI will make them rich as traders.
There are the so-called professional traders whose trading confessions are
fundamentally different from the way they trade. They speak like careful and
professional traders, but in reality, they are rogue and suicide traders.
There are those who talk about money management and risk management but their
real trading is way too far from what they talk about.
There are those who believe the so-called gurus who talk in terms of
certainties rather than in terms of probabilities, and give them their
hard-earned money to trade and lose.
There those braggarts who talk as if they were the ones controlling the
markets. Overconfidence is not a good thing.
There are those who will never listen to the advice to practice for months or
years before they go live. They are always in a hurry to trade.
There are those who are eager to become rich quickly. They think they can
always outsmart the markets.
There are those who keep on losing and losing. And if you give them more
opportunities, they keep up making the same mistakes and they keep up losing.
Then they keep on repeating the same pattern.
There are those who are familiar with principles of everlasting success and
Golden Rules of trading, but they will never follow such, owing to serious
psychological problems.
There
are those who remember trading only when they are financially down and they
will be trading with risk capital. And the worst time to trade is when you’re
flat broke.
I can go
on and go on.
There will always be stubborn, undisciplined, crazy, greedy and impatient
traders.
For
those people above, there is nothing you will tell them that will make them
change. They will continue doing what they are doing and they will continue
losing.
So, without them, we would
not have the profits to make. We will forever be thankful that such
people/traders exist.
The market has a knack for going against the expectation of the people.
It is very dangerous for traders to think they know what they are doing.
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