"90% of the traders lose money, But do they lose it all the time?"
Most of them do make money, its just that they give it all back.
Lets analyze why and how a trader makes and loses money
[Thread]:
Below is the equity curve which is most traders dream.
This is equity curve of an average trader:
Most traders do make money, but they give it back to the markets .
Because of trading errors.
What are trading errors?
Trading errors are those errors which happen because of wrong Position sizing, Leverage , etc.
I am not making this up, check your P&L, 90 % of your losses would have come from less then 10% trades.
Most of these happen because of No knowledge, No plan, bad position sizing .
Now, we know what's the problem, lets talk about the solution.
1. Learn the Basics first-
If you don’t get the basics clear then how can you make money?
Learn How to use Support and resistances
Learn How to use trend lines
Learn about trend, it will solve 90% of your problem