99% lose & 1 % win...y?

#1
dear frds i have been asking this question to many ppl who are directly or

indirectly related to commodities...some invested some studing commodities,

some are tutors but none can help me to find the answer. but all said i thing

99% lose n 1 % gets 99% 's money , why is that ..who are those 1 % ppl..?

i hope we'll find the answer in this forum so that we can do watever is

required to remain in that 1 % :thumb:

there is very wrong image in indian society regardin commodity trading ,why

is that so ?:(

i hope everybody share their views n suggetions ......thaks
 

AW10

Well-Known Member
#3
Ankit, this 99% v/s 1% or 90% v/s 10% is very much true in any type of trading.
And if I can suggest one place to find out what these members of 1% /10% group do, then go and read the Market Wizard / New Mkt Wizard book.

The book also summarize the qualities of top traders and what they do so differently that makes them target of envy for most other traders.

Many of these top traders trade commodities as well. Hope you find your answer there
and then please do share with us as well.

Happy Trading.
 

ag_fx

Well-Known Member
#4
Ankit, this 99% v/s 1% or 90% v/s 10% is very much true in any type of trading.
And if I can suggest one place to find out what these members of 1% /10% group do, then go and read the Market Wizard / New Mkt Wizard book.

The book also summarize the qualities of top traders and what they do so differently that makes them target of envy for most other traders.

Many of these top traders trade commodities as well. Hope you find your answer there
and then please do share with us as well.

Happy Trading.

A must read book in my opinion....It will make a lot of difference to you as a trader if you absorb it well.
 
#5
Ankit and Ankit......and company,
Yes, Market Wizards and New Market Wizards are a must for every trader's library. But more importantly, studying it often and taking essential things out of each of those traders, those portions that jives with your own is even better. I would go even a step further and make certain affirmations out of some essential nuggets and turn them into my own beliefs....why?

In the end, our beliefs drive us; the things what we do or accomplish are all due to those beliefs we have about who we are, and what we think are capable and it doesnt matter whether it's true or not. Most of these beliefs are imbibed into our personalities by the time we're 11 years old and in most cases most of us don't make an effor to change them where necessary. I remember reading somewhere that it takes anywhere from 6 months to 6 years to change a deeply embedded belief. Occassionally a deep emotional experience in our lives helps us to shake one of those negative beliefs and move forward but in most cases it's by chance or by luck... Worse though is we aren't even aware of what beliefs are driving us to accomplishment or doom.

What drives one might disempower another.....this message is already too long and I could type about trading psychology and self discipline for hours..........

Here's another book that helps a beginner or even an intermediate and relates to the topic which the originator asked -

THE COMMODITY FUTURES GAME: WHO WINS? WHO LOSES? WHY?By Teweles, Richard J., Charles V. Harlow, and Herbert L. Stone

This was probably published during late 60s and reprinted occassionaly. I was able to get a copy and read it a few years back.....it's a good read....

Hope this helps
Regards
Shreenath


A must read book in my opinion....It will make a lot of difference to you as a trader if you absorb it well.
 

gnr2

New Member
#6
Ankit,

Why 99 % Vs 1 % ? - Few frnds answered already. The % may vary but this will be the trend.

How to stay on the winning side? Rules are simple but difficult to follow.

1. Never be greedy. - Think of it. Why you are in market? to make money. How much? wher to put a stop?

2. Never be fear - You cant win every time. Learn to see the loss as part of the game. Look at the over all pictue and see if you are making money

3. This is very very very important. Even before you start to buy/sell learn to put a stop loss order. Until then dont go anywhere near market.

BTW, Why commodities not so popular yet in India? - Because of limited exposure and awareness. In fact, the volume started picking up in many folds now. The other reason could be less room for manipulation like in shares wher we have both CM/Future.
Good luck
 
Last edited:
#7
commodities are not rockets as stock futures are and most people(more than in index and stock futures in % terms) do not use 2% rule, most trade only on margin. You will keep making money till you bust.
 

sudoku1

Well-Known Member
#8
dear frds i have been asking this question to many ppl who are directly or

indirectly related to commodities...some invested some studing commodities,

some are tutors but none can help me to find the answer. but all said i thing

99% lose n 1 % gets 99% 's money , why is that ..who are those 1 % ppl..?

i hope we'll find the answer in this forum so that we can do watever is

required to remain in that 1 % :thumb:

there is very wrong image in indian society regardin commodity trading ,why

is that so ?:(

i hope everybody share their views n suggetions ......thaks
bcoz 95% of profits r derived from just 5 % of trades;)
 

abhinkoi

Active Member
#9
Ankit,

Have you ever felt the heat before entering a trade when everyone is saying buy buy buy and you dared to short? If not then you wont be able to be in the 1% of the crowd. You got to think different and behave different than the herd to remain in the 1% successful people....

I hope it makes sense..

Take care

Abhinav

dear frds i have been asking this question to many ppl who are directly or

indirectly related to commodities...some invested some studing commodities,

some are tutors but none can help me to find the answer. but all said i thing

99% lose n 1 % gets 99% 's money , why is that ..who are those 1 % ppl..?

i hope we'll find the answer in this forum so that we can do watever is

required to remain in that 1 % :thumb:

there is very wrong image in indian society regardin commodity trading ,why

is that so ?:(

i hope everybody share their views n suggetions ......thaks
 

abhinkoi

Active Member
#10
Ankit,

Have you ever felt the heat before entering a trade when everyone is saying buy buy buy and you dared to short and vice versa? Those who dare to buy when entire world sells are the real players of the market and of course there has to be a reason why you are buying that time and not just blind trades...If u cant do that then you wont be able to be in the 1% of the crowd. You got to think different and behave different than the herd to remain in the 1% successful people....

2 tips from my side -

1) Think different to BE different
2) Make trend your friend...never go against it. You may be wrong few times but when you will be right you will MAKE BIG...trust me!

I hope it makes sense..

Take care

Abhinav

dear frds i have been asking this question to many ppl who are directly or

indirectly related to commodities...some invested some studing commodities,

some are tutors but none can help me to find the answer. but all said i thing

99% lose n 1 % gets 99% 's money , why is that ..who are those 1 % ppl..?

i hope we'll find the answer in this forum so that we can do watever is

required to remain in that 1 % :thumb:

there is very wrong image in indian society regardin commodity trading ,why

is that so ?:(

i hope everybody share their views n suggetions ......thaks
 

Similar threads