Ten Signs You Are Probably A Terrible Trader

The Truth about why you are so bad at trading and how to change it.


Warning the following article is beyond harsh and is information no seasoned trader will tell you. Before reading further understand I have been trading since 2011 when I was still in college. I have over 1,100 trades and have beaten the market since 2013  (S&P 500). I have well over six figures in profits as well. So the information below comes out of experience and honesty. Take what you will from it.

Over 90% of traders will end up losing money in the stock market. Chances are if you are reading this you are probably a loser in the Market. In order to encourage you to quit before you lose all your money, I created a list below to make you realize you are terrible at trading and should probably find another dream to pursue.

1) You follow "professional" traders on Twitter. The truth is many on Twitter are complete phonies and have built a fake trading persona to end up selling you something in the end. More on this can be found in my guide on how to identify fraud traders.

2) You look at inspirational quotes or quotes given by "famous" traders as part of your trading regimen. This is nonsense, this won't help you.

3) You assume psychology is a major part of trading, much more than an actual system. As such, you constantly remind yourself that you lost money in your last trade because of psychological mistakes and thus you refer to #2 on the list to regain focus (useless trading quotes). If psychology was such a big part the simple solution would be to write programs that would trade for you (this isn't a moneymaker). The truth is, many "professional" traders instill that psychology is big so that they can sell you their products for improving your "weak" psychology. Just to be clear I am sure most of you lack discipline, but even with discipline you still would lose money.

4) You watch CNBC or look at mainstream media for advice on trading the Market. News flash, journalists, and people who write articles are unlikely to understand the exceedingly complex and random forces that are the Market. Always ignore the headlines when trying to justify market movements.


5) You think the more time you put into the Market will directly result in actual profits. No, this is not true, again this is false information given by "professional" traders to up their winning persona so that in the end they can sell you something. If indeed one has developed a winning system, it does not require hours of looking at charts on Friday night while your wife gets dressed up before you guys go out. It's done with programs and scripts scanning the markets which take seconds a day (after the initial work done to develop a winning edge..this will likely never happen btw).

6) You buy a lot of trading books and software. Information given from trading books or software at one point may have had profitable information. However, once that information is public and its knowledge is known by many, it is unlikely to yield any sort of edge in the Markets. Hence, a reminder if you have something truly profitable you would make it a secret.

7) You subscribe to a trading service.  By 2021 all of you should have learned all these services are bogus scams. If you want an elaborate explanation read more here.

8) You trade options. Options are gambling. It always gives the person who sells the options a massive edge. Let's hope you haven't been inspired by WallStreetBets on Reddit to go all-in with Out Of Money options, YOLOing your life away.

9) You hindsight trade. If you do this, you have no business even owning a stock trading account. Should of, could of, and would of is not a winning strategy! It's a strategy for the fastest way you can lose your house to the bank!

10) Finally, your account continually goes to $0. Take a hint. Quit.

How many of the ten listed above are you guilty of?

For those who want to stop losing, take a look at our article on how to create a trading edge based on your current system. It's an in-depth guide that I have yet to see anywhere else on the internet.

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