HomeBlogI’m a Trader, But I Can’t Help Other Traders | by Niclas...

I’m a Trader, But I Can’t Help Other Traders | by Niclas Hummel | Coinmonks | Oct, 2024

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Why Most Traders Fail to See What Really Drives SuccessPhoto by Jakub Żerdzicki on UnsplashI’ve been a trader for over a decade, immersed in markets like bonds, stocks, and crude oil, making calculated macro bets based on statistical analyses and risk management principles.With over ten years in the field, I’ve developed a set of core principles and a sound approach to trading that works for me. However, here’s the paradox: despite my knowledge, I can’t help other traders. Why? Because the vast majority approach trading with expectations and habits that lead them in the opposite direction.What do they — the ones I want to help in trading aka the typical retail or beginner traders — actually do wrong, so that trading goes south instead of north for them?One of the biggest challenges in trading isn’t technical — it’s emotional. Trading is hard; statistically, 90% of retail traders lose money. The reason isn’t that they don’t have access to information or knowledge but because the emotional component of trading leads them to detrimental decisions.I can’t emphasize this enough: managing emotions in trading is key, but it’s incredibly difficult to teach. Most traders…

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