Why only 20% of traders make money

In this episode Jonathan and Rory discuss the well known statistic, why only 20% of traders make money. At the beginning of the podcast Jonathan runs through some statistics of the probability of footballers and golfers making it to a professional level.

Jonathan and Rory both share their experiences of what’s helped them throughout their trading journey, most notable having a mentor.

The blokes discuss with the growth of social media, there are now many charlatan traders, promoting their services to help other traders when they can’t trade properly themselves.

Rory also shared some thoughts about his University experience, how people are committed to 3 year degrees at University to then only be considered for further training whether that’s law, accounting etc.

Whatever job or profession you would like to do, it requires time to learn & refine the skill. Sometimes making mistakes along the way, the key is to learn from your mistakes & remain focused on the objective.

Therefore taking trading as a profession or a part-time job, it involves a similar process of training and learning and then practice the application. Everyone’s journey won’t be as much as 3 years but with hard work and commitment it can be vastly reduced, especially if you have the right mentor.


To summaries, how can you become one of the 20% of successful traders?

Commitment – Never stop learning

Preparation – Analyse before you execute

Discipline – Risk management & Psychology (Stay Objective)

Reflection – Always look to improve (Journal)

Mentorship – Learn from real professionals


To find our more on the confluences of the top percentile of traders and professionals, stay tuned to this weeks podcast.


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Rory McMullan- Host

Rory is a final year student studying Accounting and Finance in London, He started his trading journey over 2 years ago but has came quite far in the process. He traded most asset classes starting with FX and Commodity trading, trading crack calendar spreads within the energy market to now running his own Long/Short equity options portfolio. The book that he trades is a systematic, top-down bottom up equity portfolio.

Rory has a strong passion for the financial markets and really hopes he is able to be of assistance to anyone either starting their trading journey or looking to further their knowledge.


Jonathan - Two Blokes Trading Podcast.png

Jonathan Farrelly – Co host

Jonathan started his trading journey over 15 years ago, learning from some of the best institutional traders in the world.
Over the last 8 years Jonathan has taught 1000’s of retail traders how to successfully navigate the financial markets.
He has evolved Two Blokes Trading with new technologies to offer traders a new fully immersive experience.

Jonathan’s ethos has always been based on transparency with the goal to help new & experienced traders achieve their goals.

Get involved today!


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