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**Temujin** · 29 August 2010, 04:47 AM

1. To make money as a trader you have to know what the market
is going to do next.
Disagree

2. Sometimes I find myself thinking that there must be a way to
trade without having to take a loss.
Disagree

3. Making money as a trader is primarily a function of analysis.
Agree

4. Losses are an unavoidable component of trading.
Agree

5. My risk is always defined before I enter a trade.
Agree

6. In my mind there is always a cost associated with finding out
what the market may do next.
Agree

7. I wouldn't even bother putting on the next trade if I wasn't sure
that it was going to be a winner.
Disagree

8. The more a trader learns about the markets and how they
behave, the easier it will be for him to execute his trades.
Agree

9. My methodology tells me exactly under what market conditions
to either enter or exit a trade.
Disagree

10. Even when I have a clear signal to reverse my position, I find it
extremely difficult to do.
Agree

11. I have sustained periods of consistent success usually followed
by some fairly drastic draw-downs in my equity.
Agree

12. When I first started trading I would describe my trading
methodology as haphazard, meaning some success in between a
lot of pain.
Disagree

13. I often find myself feeling that the markets are against me personally.
Agree

14. As much as I might try to "let go," I find it very difficult to put
past emotional wounds behind me.
Agree

15. I have a money management philosophy that is founded in the
principle of always taking some money out of the market when
the market makes it available.
Agree

16. A trader's job is to identify patterns in the markets' behavior that
represent an opportunity and then to determine the risk of find-ing out if these patterns will play themselves out as they have in
the past.
Agree

17. Sometimes I just can't help feeling that I am a victim of the market.
Agree

18. When I trade I usually try to stay focused in one time frame.
Agree

19. Trading successfully requires a degree of mental flexibility far
beyond the scope of most people.
Agree

20. There are times when I can definitely feel the flow of the market;
however, I often have difficulty acting on these feelings.
Agree

21. There are many times when I am in a profitable trade and I
know the move is basically over, but I still won't take my profits.
Disagree

22. No matter how much money I make in a trade, I am rarely ever
satisfied and feel that I could have made more.
Agree

23. When I put on a trade, I feel I have a positive attitude. I anticipate
all of the money I could make from the trade in a positive
way.
Agree

24. The most important component in a trader's ability to accumulate
money over time is having a belief in his own consistency.
Agree

25. If you were granted a wish to be able to instantaneously acquire
one trading skill, what skill would you choose?
100% profitability?

26. I often spend sleepless nights worrying about the market.
Agree

27. Do you ever feel compelled to make a trade because you are
afraid that you might miss out?
Yes

28. Although it doesn't happen veiy often, I really like my trades to
be perfect. When I make a perfect call it feels so good that it
makes up for all of the times that I don't.
Agree

29. Do you ever find yourself planning trades you never execute,
and executing trades you never planned?
Yes

30. In a few sentences explain why most traders either don't make
money or aren't able to keep what they make.

Most traders have a bad money management system, and even if using a profitable trading methodology, don't have the bankroll to combat the inevitable "bad" period. Most also don't have the ability to shake off a negative trade and exaggerate their bad money management by chasing that loss using too high a % of their bank. Can only end in tears.

**bazbaz** · 29 August 2010, 10:00 AM

1. To make money as a trader you have to know what the market
is going to do next.
Disagree

2. Sometimes I find myself thinking that there must be a way to
trade without having to take a loss.
Disagree

3. Making money as a trader is primarily a function of analysis.
Disagree

4. Losses are an unavoidable component of trading.
Agree

5. My risk is always defined before I enter a trade.
Agree

6. In my mind there is always a cost associated with finding out
what the market may do next.
Disagree

7. I wouldn't even bother putting on the next trade if I wasn't sure
that it was going to be a winner.
Disagree

8. The more a trader learns about the markets and how they
behave, the easier it will be for him to execute his trades.
Agree

9. My methodology tells me exactly under what market conditions
to either enter or exit a trade.
Disagree

10. Even when I have a clear signal to reverse my position, I find it
extremely difficult to do.
Disagree

11. I have sustained periods of consistent success usually followed
by some fairly drastic draw-downs in my equity.
Agree (if you count getting hit by stupidly going in play!!)

12. When I first started trading I would describe my trading
methodology as haphazard, meaning some success in between a
lot of pain.
Agree

13. I often find myself feeling that the markets are against me personally.
Disagree

14. As much as I might try to "let go," I find it very difficult to put
past emotional wounds behind me.
Agree sometimes Disagree sometimes

15. I have a money management philosophy that is founded in the
principle of always taking some money out of the market when
the market makes it available.
Agree

16. A trader's job is to identify patterns in the markets' behavior that
represent an opportunity and then to determine the risk of find-ing out if these patterns will play themselves out as they have in
the past.
Disagree

17. Sometimes I just can't help feeling that I am a victim of the market.
Agree
18. When I trade I usually try to stay focused in one time frame.
Disagree

19. Trading successfully requires a degree of mental flexibility far
beyond the scope of most people.
Disagree

20. There are times when I can definitely feel the flow of the market;
however, I often have difficulty acting on these feelings.
Disagree

21. There are many times when I am in a profitable trade and I
know the move is basically over, but I still won't take my profits.
Disagree

22. No matter how much money I make in a trade, I am rarely ever
satisfied and feel that I could have made more.
Disagree

23. When I put on a trade, I feel I have a positive attitude. I anticipate
all of the money I could make from the trade in a positive
way.
Agree

24. The most important component in a trader's ability to accumulate
money over time is having a belief in his own consistency.
Disagree

25. If you were granted a wish to be able to instantaneously acquire
one trading skill, what skill would you choose? x ray vision - what cash is real what is BS

26. I often spend sleepless nights worrying about the market.
Disagree

27. Do you ever feel compelled to make a trade because you are
afraid that you might miss out?
Yes

28. Although it doesn't happen veiy often, I really like my trades to
be perfect. When I make a perfect call it feels so good that it
makes up for all of the times that I don't.
Disagree

29. Do you ever find yourself planning trades you never execute,
and executing trades you never planned?
Yes

30. In a few sentences explain why most traders either don't make
money or aren't able to keep what they make.

Lack of knowledge, experience, confidence, awareness, but mostly focusing too much on the money and wanting to use trading as a way to boost their ego (coupled with fear of loss) rather than concentrating fully on the markets

**ron** · 29 August 2010, 11:13 AM

1. To make money as a trader you have to know what the market
is going to do next.
Disagree

2. Sometimes I find myself thinking that there must be a way to
trade without having to take a loss.
Disagree

3. Making money as a trader is primarily a function of analysis.
Disagree

4. Losses are an unavoidable component of trading.
Agree

5. My risk is always defined before I enter a trade.
Agree

6. In my mind there is always a cost associated with finding out
what the market may do next.
Agree

7. I wouldn't even bother putting on the next trade if I wasn't sure
that it was going to be a winner.
Disagree

8. The more a trader learns about the markets and how they
behave, the easier it will be for him to execute his trades.
Agree

9. My methodology tells me exactly under what market conditions
to either enter or exit a trade.
Agree

10. Even when I have a clear signal to reverse my position, I find it
extremely difficult to do.
Disagree

11. I have sustained periods of consistent success usually followed
by some fairly drastic draw-downs in my equity.
Disagree

12. When I first started trading I would describe my trading
methodology as haphazard, meaning some success in between a
lot of pain.
Agree

13. I often find myself feeling that the markets are against me personally.
Agree

14. As much as I might try to "let go," I find it very difficult to put
past emotional wounds behind me.
Agree

15. I have a money management philosophy that is founded in the
principle of always taking some money out of the market when
the market makes it available.
Agree

16. A trader's job is to identify patterns in the markets' behavior that
represent an opportunity and then to determine the risk of find-ing out if these patterns will play themselves out as they have in
the past.
Disagree

17. Sometimes I just can't help feeling that I am a victim of the market.
Agree

18. When I trade I usually try to stay focused in one time frame.
Disagree

19. Trading successfully requires a degree of mental flexibility far
beyond the scope of most people.
Disagree

20. There are times when I can definitely feel the flow of the market;
however, I often have difficulty acting on these feelings.
Disagree

21. There are many times when I am in a profitable trade and I
know the move is basically over, but I still won't take my profits.
Agree

22. No matter how much money I make in a trade, I am rarely ever
satisfied and feel that I could have made more.
Agree

23. When I put on a trade, I feel I have a positive attitude. I anticipate
all of the money I could make from the trade in a positive
way.
Agree

24. The most important component in a trader's ability to accumulate
money over time is having a belief in his own consistency.
Agree

25. If you were granted a wish to be able to instantaneously acquire
one trading skill, what skill would you choose? To make every trade a winning one

26. I often spend sleepless nights worrying about the market.
Disagree,
This is no more than a hobby to me, one which i enjoy and one that i dont rely on for income.

27. Do you ever feel compelled to make a trade because you are
afraid that you might miss out?
No, I can go days if not weeks with out trading.

28. Although it doesn't happen veiy often, I really like my trades to
be perfect. When I make a perfect call it feels so good that it
makes up for all of the times that I don't.
Agree

29. Do you ever find yourself planning trades you never execute,
and executing trades you never planned?

Yes, Fat fingers ie accidently back or laying a selection for which you had no plans for by clicking the mouse buttons.

30. In a few sentences explain why most traders either don't make
money or aren't able to keep what they make.

Greed, i have read numerous blogs where people set out have a good run then think they are invinciple thinking they can increase trades/profits day on day, with increases come greater risks, then a loss then chasing losses its a downwards sprial there on in.
Greed your greatest enemy in this game IMO.

**Caan Berry** · 29 August 2010, 11:59 AM

Just got time to answer it myself!!

1. To make money as a trader you have to know what the market
is going to do next.
Disagree

2. Sometimes I find myself thinking that there must be a way to
trade without having to take a loss.
Disagree

3. Making money as a trader is primarily a function of analysis.
Agree

4. Losses are an unavoidable component of trading.
Agree

5. My risk is always defined before I enter a trade.
Agree

6. In my mind there is always a cost associated with finding out
what the market may do next.
Agree

7. I wouldn't even bother putting on the next trade if I wasn't sure
that it was going to be a winner.
Agree

8. The more a trader learns about the markets and how they
behave, the easier it will be for him to execute his trades.
Agree

9. My methodology tells me exactly under what market conditions
to either enter or exit a trade.
Disagree

10. Even when I have a clear signal to reverse my position, I find it
extremely difficult to do.
Agree (if i do it often changes again)

11. I have sustained periods of consistent success usually followed
by some fairly drastic draw-downs in my equity.
Disagree

12. When I first started trading I would describe my trading
methodology as haphazard, meaning some success in between a
lot of pain.
Agree (inplay)

13. I often find myself feeling that the markets are against me personally.
Disagree

14. As much as I might try to "let go," I find it very difficult to put
past emotional wounds behind me.
Agree (a loosing market often triggers a second loosing market for me)

15. I have a money management philosophy that is founded in the
principle of always taking some money out of the market when
the market makes it available.
Disagree

16. A trader's job is to identify patterns in the markets' behavior that
represent an opportunity and then to determine the risk of find-ing out if these patterns will play themselves out as they have in
the past.
Agree

17. Sometimes I just can't help feeling that I am a victim of the market.
Agree
18. When I trade I usually try to stay focused in one time frame.
Agree sometimes (like a long term trade occasinally overnight)

19. Trading successfully requires a degree of mental flexibility far
beyond the scope of most people.
Agree

20. There are times when I can definitely feel the flow of the market;
however, I often have difficulty acting on these feelings.
Agree (happens alot)

21. There are many times when I am in a profitable trade and I
know the move is basically over, but I still won't take my profits.
Disagree (depends on stake, larger i often get out to early)

22. No matter how much money I make in a trade, I am rarely ever
satisfied and feel that I could have made more.
Agree

23. When I put on a trade, I feel I have a positive attitude. I anticipate
all of the money I could make from the trade in a positive
way.
Disagree (i probably think about the loss more)

24. The most important component in a trader's ability to accumulate
money over time is having a belief in his own consistency.
Agree

25. If you were granted a wish to be able to instantaneously acquire
one trading skill, what skill would you choose?
Ability to be devoid of all emotional attatchment to the money

26. I often spend sleepless nights worrying about the market.
Disagree

27. Do you ever feel compelled to make a trade because you are
afraid that you might miss out?
Yes (to often at times, i know its a bad flaw)

28. Although it doesn't happen veiy often, I really like my trades to
be perfect. When I make a perfect call it feels so good that it
makes up for all of the times that I don't.
Disagree

29. Do you ever find yourself planning trades you never execute,
and executing trades you never planned?
Yes

30. In a few sentences explain why most traders either don't make
money or aren't able to keep what they make.

Emotional attatchment for me time and time again, its all to easy to get out early making some profit but all to hard to get out quick when your taking a loss. Being undergreedy if you like. That and lack of confidence & discipline is a big one IMO

**The Joker** · 29 August 2010, 12:08 PM

1. To make money as a trader you have to know what the market
is going to do next.
Agree (Football my own style) Disagree (Horses, dogs)

2. Sometimes I find myself thinking that there must be a way to
trade without having to take a loss.
Disagree

3. Making money as a trader is primarily a function of analysis.
Agree

4. Losses are an unavoidable component of trading.
Agree

5. My risk is always defined before I enter a trade.
Agree (roughly in my head)

6. In my mind there is always a cost associated with finding out
what the market may do next.
Agree

7. I wouldn't even bother putting on the next trade if I wasn't sure
that it was going to be a winner.
Agree (in my mind)

8. The more a trader learns about the markets and how they
behave, the easier it will be for him to execute his trades.
Agree

9. My methodology tells me exactly under what market conditions
to either enter or exit a trade.
Agree

10. Even when I have a clear signal to reverse my position, I find it
extremely difficult to do.
Disagree/ish

11. I have sustained periods of consistent success usually followed
by some fairly drastic draw-downs in my equity.
Disagree (I'm probably too cautious)

12. When I first started trading I would describe my trading
methodology as haphazard, meaning some success in between a
lot of pain.
Agree

13. I often find myself feeling that the markets are against me personally.
Disagree

14. As much as I might try to "let go," I find it very difficult to put
past emotional wounds behind me.
Disagree

15. I have a money management philosophy that is founded in the
principle of always taking some money out of the market when
the market makes it available.
Agree

16. A trader's job is to identify patterns in the markets' behavior that
represent an opportunity and then to determine the risk of find-ing out if these patterns will play themselves out as they have in
the past.
Agree

17. Sometimes I just can't help feeling that I am a victim of the market.
Disagree

18. When I trade I usually try to stay focused in one time frame.
Agree

19. Trading successfully requires a degree of mental flexibility far
beyond the scope of most people.
Disagree (sports)

20. There are times when I can definitely feel the flow of the market;
however, I often have difficulty acting on these feelings.
Agree (too cautious)

21. There are many times when I am in a profitable trade and I
know the move is basically over, but I still won't take my profits.
Disagree

22. No matter how much money I make in a trade, I am rarely ever
satisfied and feel that I could have made more.
Agree/ish (Football not horses)

23. When I put on a trade, I feel I have a positive attitude. I anticipate
all of the money I could make from the trade in a positive
way.
Disagree

24. The most important component in a trader's ability to accumulate
money over time is having a belief in his own consistency.
Agree

25. If you were granted a wish to be able to instantaneously acquire
one trading skill, what skill would you choose?
(choose better exit points, horses)

26. I often spend sleepless nights worrying about the market.
Disagree

27. Do you ever feel compelled to make a trade because you are
afraid that you might miss out?
No

28. Although it doesn't happen veiy often, I really like my trades to
be perfect. When I make a perfect call it feels so good that it
makes up for all of the times that I don't.
Agree

29. Do you ever find yourself planning trades you never execute,
and executing trades you never planned?
Yes (horses, dogs) No (football)

30. In a few sentences explain why most traders either don't make
money or aren't able to keep what they make.[/QUOTE]

They either give it a go expecting to make money from the start. Then find out it takes alot of time and effort to get into it.
They chase losses and aren't able to hedge out for a smaller loss.
Don't have discipline.
Spend too much time on forums

Try to make more than they have and end up gambling on the outcome rather than the price changes.
Don't feel that �1 profit is a well earned success....... That's all for now

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