breakout trading
a
but i heard the statistic that "95% traders are loosers". so as per the statistics there should be lots of losing traders even with this wining setup. but why?
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regards,
biyas chatterjee.
20% will not know or bother to know how many times it worked. so will not be able to utilize the statistics.
20% will not know under what broad mkt conditions and other factors the BOs work. So most of the times they would be faded.
20% will know everything, but would not know how to put it in a system
20% will know everything and put it in a system and then override it/not act on it
and final 20% would wait and wait and see no breakout happening, so would yawn, chat, get up and watch some tv, go out and comeback and see that the breakout has happened and they have missed it.
unfortunately no more 20% left