Wellllll, if you look at this, Bloomberg - Are you a robot?, you shouldn’t be freaking out about 95% losers, or 5% winners or whatever. The guys who get caught are the really big cheaters, and in general, if you manipulate the market long enough, you will get caught. Please see the energy traders with Enron, and you can see how much they manipulated, how much money they made, and their eventual fall from grace.
So, the bottom line is to learn trade well. If these guys have all of the advantages and fail, it just means there are no perfect traders, just like there are no perfect people. Forget about 5% 10% 15% per month, or whatever garbage someone is pushing. Get the direction of the entry right 60% of the time, then refine the entry, then you can learn to manage the trade. I get so sick and tired of “well I am making 12% per month”, and they can’t even get the direction correct. Like the guy here who was trend trading, and blew up, part of being a trader is knowing the market you are trading in, and have the self control to stay out if need be, never assuming you know more than the market.
The Ever Trade Well VIPER