Topic: "The rule of 90." Have you heard of it in trading? (Read 94 times)
I thought that this is just all about rules of 90 in retirement but I didn't know that this also exists with trading. So learning the brief meaning of it, I do believe that most of the traders are losing a lot of money so if that's lot, then it means 90% for the first 90 days or even more. That's a normal and expected thing for long term traders. And this is not being considered by the new ones because they think of trading as something they can do easily and take as much profit as they can be. It is not like that so, I believe on it and everyone who trades really has to go through with series of losing before earning good.
I believe as well but it depends if the new trader found the good strategy within 90 days because mostly good traders nowadays become so profitable in the market after how many years. Not just a short of time . . unless if you buy some courses. And for a newbie in the market , IMO not just 90% but the100% of the capital will be burn if they don't know how to handle risk management.
Yes the rule is correct, 90% of newbie traders lose money in their first 90 days in trading but it does not stop there. They will continue to lose money if they didn't acquire the right knowledge on their journey to become a successful and profitable trader to be among the 10% profitable traders in the trading industry.
The market works that way, it's a predator, not a prey like many think.
For those wise and experienced enough to profit, many others lose their depos due to different reasons.
So I do believe the rule of 90%, albeit the percentage may vary in reality.
The rule of 90 or 90% rule is a gloomy statistics that was suppose to serve as a reminder or caution newbies traders. The rule states that "90% of traders lose 90% of their funds in their first 90 days of trading."
Do you believe that? I hope this caution new traders that are opportune to read it.
Useful piece: https://trendspider.com/learning-center/the-rule-of-90/
Yes the rule is correct, 90% of newbie traders lose money in their first 90 days in trading but it does not stop there. They will continue to lose money if they didn't acquire the right knowledge on their journey to become a successful and profitable trader to be among the 10% profitable traders in the trading industry. Do you believe that? I hope this caution new traders that are opportune to read it.
Useful piece: https://trendspider.com/learning-center/the-rule-of-90/
I don't know whether to believe it or not because my experience as a newbie in trading is very different, because at that time I was able to make quite a lot of money, maybe because I learned from someone whose experience I could trust and because I first traded in crypto, in my opinion what makes it different now is that 10 years ago or more because the choice of coins is not as much as this and the growing crypto world is making more and more speculators influence the market so it is quite difficult to predict.
The rule states that "90% of traders lose 90% of their funds in their first 90 days of trading."
What do you expect from newbies? That's why they called newbies. Their first 90 days of trading is a period of building learning experience.
Aside from that, 90 days is not even enough to know all trading fundamentals.
Yes, we can learned trading basics and able to form a strategy within 90 days but no one can avoid the wrath of volatility especially in crypto. What matter is, as long as traders will just continue to move forward, those losses can be minimized as they progress.
The rule of 90 or 90% rule is a gloomy statistics that was suppose to serve as a reminder or caution newbies traders. The rule states that "90% of traders lose 90% of their funds in their first 90 days of trading."
The only useful thing a beginner can learn from this rule is that it will be easier for him to survive his losses in trading, since almost all beginners lose them when they start trading. And as a rule, after losing money, a beginner starts learning the basics of trading so that this does not happen again.
My experience says it’s definitely true. If you trade having no experience, less knowledge and even skills undeveloped, losses will certainly become more visible. Note that trading itself is risky, so it becomes even more risky if you enter trading without good preparation on it. That’s why newbies are not advisable to trade, but I don’t think majority of newbies are aware or understand this rule in trading, otherwise they could have prepared theirselves to trade from long term planning so they can limit their losses and mistakes when trading.
This is as true as it sounds, this is the curve of every trader unfortunately only few traders survive long enough to make it out of the curve and finally become profitable,.
Do you believe that? I hope this caution new traders that are opportune to read it.
This is nothing but the truth and anyone who disagrees isn't a trader. Losing is part of the learning curve and if you didn't experience any loss in the first 90 days , you must be doing something else and not trading. I think the other side of this rule is that on 20% of traders who trade are actually profitable. The remaining 80% are not. The remaining 80% are the ones selling trading courses or signals on YouTube, X, Telegram or other social media.
I believe. But my trading experience when I was a newbie is different. I lost money more than 90 days. It was some months ago that I fully understood what trading actually is.
Also know that most traders are losing. They need to understand what trading actually and how to make money with it. Most traders failed to understand how to make money from trading is when they risk less.
Also know that most traders are losing. They need to understand what trading actually and how to make money with it. Most traders failed to understand how to make money from trading is when they risk less.
The rule of 90 or 90% rule is a gloomy statistics that was suppose to serve as a reminder or caution newbies traders. The rule states that "90% of traders lose 90% of their funds in their first 90 days of trading."
Do you believe that? I hope this caution new traders that are opportune to read it.
Useful piece: https://trendspider.com/learning-center/the-rule-of-90/
Do you believe that? I hope this caution new traders that are opportune to read it.
Useful piece: https://trendspider.com/learning-center/the-rule-of-90/
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