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Can anyone explain to me what a Fail trade means and how exactly can I get hacked by this method?
Main Post: Can anyone explain to me what a Fail trade means and how exactly can I get hacked by this method?
Top Comment:
If you give away one of the items in the trade window to someone before you hit accept, there’s a message that says “trade unexpectedly failed.” It’s usually a sandwich. You give the sandwich to the person you’re “fail trading” with to make the trade fail, but they scam you by handing the sandwich back and the trade goes through. I have no idea why anyone does this. I mean, it was kinda slightly interesting to try it with my alt once. And I said huh. Look at that. It failed. Oh well. But other than that, I just don’t understand.
A trade shouldn't auto fail if you don't have enough gold on person.
Main Post:
If I have gold in stash...take the stupid fee from my stash, or at the very least say "fee unpaid" don't just auto fail the trade.
Top Comment: Ranger
What exactly is the purpose of fail trading?
Main Post: What exactly is the purpose of fail trading?
Top Comment:
people can scam cause whil they do it the other person gives the food while in trade and accept and it doesnt fail
Awakened poe trade failed to load leagues cant seem to find a fix
Main Post:
I had apoet working and one day it just stopped working, i waited to see if a league change would just fix it but did not. When i flick the price check button nothing happens at all.
When open the settings it shows failed to load leagues int he top so i cant even see what leagues there are.
I cant even meess with settings because just literally nothing is happening when i price check, but the hotkey shortcuts do work.
Edit: im having trouble figuring an older version again, i used the link directly from my app the github .io seems to only have a windows 11 dl which i do not have right now
Top Comment: Same. When you open browser through the app it says: "Access denied Error code 1020 You do not have access to www.pathofexile.com . The site owner may have set restrictions that prevent you from accessing the site." Edit: Awakened POE Trade dev is aware, says to install the older version.
Diablo 4 will fail due to lack of free trade. : r/diablo4
Main Post: Diablo 4 will fail due to lack of free trade. : r/diablo4
E-Trade has failed me Yet again,
Main Post:
I became an E*TRADE customer because my former brokerage got bought over by E*TRADE ( captia lone, Share builder and ING) prior to that.
I have called there customer service and talked to the local financial advisor who manages deals and have been bounced around like a hot cake and given false expectations that i would get 500 dollars for transferring a Roth IRA and a Brokerage account from a different provider
12/18/20 my sell limit order for 100 shares didn't execute even though that limit price of 690 was meet
my 2nd broker was able to execute the same a limit order that was set at a limit price of 690 for 695
How is this possible and How is this my fault,
What recourse do I have ?
Unfortunately as much as I like e*trade and the platform the utter lack of customer service and the sweet talk but don't give a F attitude is getting old
I do honestly think there are other Brokers who Offer more for same and also offer customer service or communication when needed
I'm not talking about customer service - my rant is about the lack of a straight honest answer to an issue or a concern and the unavailability to reach someone.
Top Comment:
They can check time and sales and give you a fill if you are do.
Why do most traders not make it?
Main Post:
This is a post meant to engage conversation and get a variety of perspectives. I'll start it off.
Most traders fail because they have have no EDGE. What this means is you don't have a system that you can quantify works X% of the time (ideally X>= 60). When you have a system you will weed out all the BS trades you were first getting into, because your edge is now clearly defined, and you have solid criteria for entry as well as your risk management in place.
The second reason I feel is people get into trading for the result (beaucoup bucks), and not the process of becoming a Consistently Profitable Trader. Detaching from the money is SUPER important in the beginning.
I went into trading with the mentality described in reason #2. It wasn't until I put making money to the side and focused on the system, that i started seeing results. Now an average win for me is almost as much as all the losing i did in my first year of active trading (almost into year 3). What you'll realize is that all those $5 risk trades may not have moved the needle on your trading account, but helped immensely in building up your knowledge account.
My personal advice is to TAG and TRACK your trades. Without this data you are just wandering through the desert.
Figure out WHAT setup it is that you are trading (Multi Day breakout, Shorting over extensions, trend following, Dip Buy etc). Note what you expect to happen, and what you need to see to know you're wrong (and believe me, you WILL HAVE to accept you will be wrong or you can just quit now).
And give yourself a LARGE enough sample size to begin developing that system. Risk SMALL (or paper trade) to give yourself enough samples (at least 40-50 trades should tell you if you got something, but depending on your style YMMV).
Best of luck, and remember, the JOY is in the journey. Up and to the right!
Top Comment: Lack of knowledge, lack of preparation and a poor emotional intelligence. I think that it's fair to assume that most who fails are not putting the right amount of effort and discipline into learning. Being successful is a lot more than learning a couple setups from other traders. One's perspective has to go beyond the chart and it takes a lot of time and dedication to see the game that is really being played. And of course, like you said, you can't be successful without an edge (and I would say that it's even better to know at least 4-5 profitable setups, to reduce the variance in that equity curve a bit!).
Here’s why 90% of day traders lose money
Main Post:
First off, I don’t know where that 90% statistic comes from - everyone just repeats it like it is gospel, but I’ve never seen any real verification.
Still, let’s assume it’s true. Why would 9 out of 10 new day-traders fail?
I’m sure there are lots of reasons, but I can share what I’ve seen.
Looking at the questions I get asked from people starting out it’s clear they have spent no time doing their own research. Right now there is more information out there on technical analysis, trade setups, options, etc than ever before. It’s insane that people jump into a field, use their money and have no idea what the basics are or how to use them.
Platforms even let you paper-trade, but no, nobody wants to do that. The other day someone who was trading asked, “What does it mean when someone says Long AAPL 117.02?” I’m serious, they were literally buying and selling stocks, and asked that question.
This phenomenon happened awhile back in poker. People watched it on TV, played some games with friends, and then thought they could go to a poker room with their student loan money. They got wiped out.
So the number 1 reason new traders lose? They don’t take the time to actually learn.
The next reason? As these uneducated new traders continue on, reloading their accounts for the 5th time, they eventually find a community or two. Perhaps an active chat room during trading hours. They see trade suggestions, or in chat rooms - real time trades, and follow them. They don’t seem to realize that they need an exit plan, technical analysis, where is the stop? When do you take profit? Another example - last week someone followed a trade into KNDI at around $13. KNDI dropped 30 cents and the new trader bailed, but the trader that posted it stayed. Around two hours later the original poster took 50 cents profit. The new trader bought 3,000 shares and lost $900.
Day trading “looks” easy, like anyone can do it. You buy low, sell high. Done. So everyone tries and most don’t put in the work to get it right.
I see successful day traders all the time. And I can tell you, they all know it front and back. And it takes a LONG time to get there. It’s a commitment.
So yes, maybe it’s true that 90% of new day-traders fail. It’s probably also true that 90% of new day-traders don’t bother to actually learn how to day-trade.
Top Comment: 90% of traders fail because the community attracts gamblers. Not well educated, well rounded, logical thinkers. Most people who would do well at trading never even get exposed to it as a possibility