12141 Why 90% of aspiring traders are losing money in trading

Trade Thesis
a) Weekly breakout possible
b) Pin bar plus support
c) Triangle breakout
d) SL compulsory or T1 target OTM bull call spread (near 108400) monthly spread.
e)Channel support and entering in bullish green zone

Trading mindset requirements
1. Winners check and controls their emotions during trading.
2. winners limit their losses and trials their winners.
3.Winners do regularly mental fitness exercises along with physical fitness.
4. Acceptance of risk, discipline, rules and responsibility.

Why 90% of aspiring traders are losing money in trading.

1. Limited Risk per trade: Winners take calculated risk, rely on their systematically developed protocols and strategy. Non-professional traders like normal people are impulsive decisions, emotional and often driven by their instincts during trading and react to the market fluctuations.

2. Discipline: Professionals and winners are highly disciplined and consistently stick to their trading plan. Non-professionals are easily get distracted by emotions and most often take deviations from their trading plan and set-rules.

3.Risk control approach: Professionals and winners use and stick to stop-loss and position sizing as the part of risk-control measures. Non-professionals ignore the risk assessment and risk control approach and take over-leverage and over trade.

4. Mindset: Professionals and winners have long term vision & approach and accept the losses and charges as the part of doing business. Non-professionals has short-term narrow mindedness and decisions are dominated by emotions like fear, greed, afraid of losses etc.

5.Roadmap: Professionals have well-defined time-tested strategies and make consistently improvements through back testing and know their limitation of strategy - when it will work and when it will not. Those strategies are implemented at defined conditions of the market. Non-professionals blindly follow the universal untested methodology, trends and rumors and does not belief in specific stock tested strategies.

6.Contineous learning: Professional continuous learn and adapt to the changing market conditions. Non-professionals tend to resist the change and repeat mistake without learning.

7.Asset protection: Professionals and winners adopt the agile approach and follow slow and steady growth with minimum or defined loss per trade. Non-professionals are tends to focus on quick large gains and lose significant capital very easily (90-90 rules: The 90% of capital wiped out in 90 days of time).

8. Execution: Professionals tends to execute very precisely at particular level with proper pre-planned entry and exit in mind. Non-professionals execute trade very impulsively, carelessly and suddenly with no clear plans for exits or entries.

9. Tools and Tactics: Professionals use advanced tools and tactics using back-testing data and data analytics. Non-professionals rely on basic tools and unaware of the key tools and methodology.

Summary: Like in any profession, Professionals are well-trained, well-experience (mostly 5 to 10 years), disciplined and non-normal persons. Non-professionals are normal persons without proper knowledge, education, experience and environments (3Es) (not in along with talent cluster like newbie in medical field are with senior medical practitioner. The only field is retail trader are not trained and does not got chance to be with the experience traders every day.