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Let me hit you with a stat that you may have heard before but even if not, it should wake you up: 95% of options traders lose money.
Not most… not many… ninety-five percent.
After nearly four decades of doing this, I can tell you the reason is not what most people think. It’s not because they picked the wrong stocks. It’s not because they did not have enough capital or the right software or access to some secret indicator.
And it’s not because they’re all bad traders.
The absolute No. 1 thing holding traders back from success is psychology. It’s what’s happening between your ears, not what’s happening on your screen.
Here’s the kicker — even if you say you don’t want to get rich quick, subconsciously, we all do. That’s the first trap. The second is giving up too quickly when trading gets hard.
There’s also a part no one likes to admit: You have to be stubborn. Not reckless, not delusional, but stubborn enough to stick with your plan when everything in you wants to bail. You need persistence that borders on unrealistic to keep pushing when most people would quit.
I’m being straight up and honest with you here. If you’re someone who gives up when the going gets tough, who would rather do something that does not make you sweat or work hard, this thing is probably going to beat you.
Most people don’t fail because of charts or indicators. They fail because they don’t show up. And showing up is most of the battle.
The Unsexy Truth About Consistency
You know what kills most people? Boredom.
Doing the same thing every day is boring and frustrating for a lot of people. But that’s exactly what trading demands. When it becomes boring, that’s when you’re doing it right.
You have to show up. You have to have patience and discipline. You cannot get creative or try a bunch of new fancy approaches to push harder or faster. The consistency is the whole point — even when it feels monotonous.
Before I ever started scaling my trading, I spent four months proving to myself that I could do it consistently. I had to demonstrate I could show up, execute the same process and scale it before I even borrowed capital to trade with.
That’s when I learned the truth: Just showing up every day does most of the heavy lifting.
What It Actually Takes
Let me break down what you really need: patience, discipline, personal accountability and persistence.
Notice I did not say genius-level IQ or a finance degree or some proprietary algorithm. Sure there are really smart traders out there, but the psychological requirements are what separate the 5% who make it from the 95% who do not.
This is not rocket surgery. But it is a lot of work. And if you’re naive about what it takes, you’re probably going to lose money.
The good news? If you can master the mental game — if you can be honest with yourself about your weaknesses and commit to showing up even when it’s boring — you have a real shot at this.
Most people will not do it. They’ll chase the shiny object, try to get creative when the strategy gets dull or bail when things get uncomfortable.
Don’t be most people.
Jeffry Turnmire
Jeffry Turnmire Trading
I host my Morning Monster livestream at 9:15 a.m. ET each weekday on YouTube, and then 30 Minutes of Awesome at 5 p.m. ET each Tuesday!
Please check out my channel and hit that Subscribe button!
You can also follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram:https://t.me/+6TdDE7-F6GlhMmJh
Important Note: No one from the ProsperityPub team or Jeffry Turnmire Trading will ever message you directly on Telegram.
I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.
I’ve been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it’s the Eagle Scout in me.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. My Mechanical Approach Totally Gets Rid of the Emotion
I’ve been giving out trade signals so straightforward you don’t even have room to overthink things.
And I have a lot more of these straightforward setups ripe for the taking.
If you’d like to get your hands on them…
