Hi all
Firstly i'd like to say i'm not sure if this is the right forum for this thread, mods can move it if they wish, just want to tell my little story of this years trading.
A bit of background first......been trading on and off for 9 yrs now, went through most of the stages i think, trading the dow thinking i'll be a millionaire in 3 yrs......didn't happen, bought trading software, the bugger rewrote the past to make itself look good !
Discovered forex, nice trends ah this is it for me sorted now, add lots of indicators,take them away, add them again, try and follow other peoples systems, go to chat rooms pick other traders brains (most traders lose and in chatrooms they make up trades to make themselves look good or u have newbies telling u that trading 1 min charts is the way to go, maybe it is but it's not for me as i know now) tried trading daily, 4hr, 1hr, 8hr, 15min, 5min, 1min charts !!! no i'm still losing my bollocks trading !
so
Stopped chatrooms, looked around forums but didn't interact much, reading trading books here and there, taking a little bit of this and that system here and there and finally this year in January decided this is it, if this year doesn't end in profit no matter how big or small i'm stopping trading and gonna figure out something else to make my fortune.
so.................. drum roll........
Been looking over my excel spreadsheet of trades for the year and knew i was up 1200 pips give or take a few pips here and there between Feb and now (been working a full time shift work job in-between and looking after a family too in the meantime) but..... i wasn't sure of the actual profits because some trades i'd use the mini account that i don't really care about hence smaller trades and other trades i'd use the "good" account that i do care about hence larger trades. So tonight i looked at the percentages and low and behold the "good" account is up 165% this year and the other account i don't really care about is up 60% ! I'm so happy i can't describe it, having said that the amounts i'm trading are very small relatively speaking. BUT how much do hedge funds make over a year, +30-40% and they're superstars.......and no i'm not setting up a hedge fund....just yet....
This post is not a boast about how good i am look at me, i'm sitting here looking at the figures delighted, over the moon thinking i've got this whole trading thing sorted but i haven't, far from it and well from past experience i'm not so sure personally speaking i ever will have trading sorted. Just so happens this year for the first time in 9 yrs i've made a profit and i'm gonna do my best to make sure next year is a bigger profit. Personally i think anyone that tells you "i have trading sorted just follow me" is talking bollocks, markets move and change so much it's all about money management at the end of the day, you look at the R:R and decide is this trade worth taking, there will always be another trade.
Final point i know there are other traders out there making more than me, fair play to them i honestly wish them the best of luck, all i'm saying is i've finally found what works for me and next year i'll be better because looking back over my trades i'm thinking "jesus i made some shit trades" but .. i got away with it, next year i intend not to make them shit trades.
so
Dunno, half expect this thread to be pulled to ribbons if it is it is, just telling my story, seen a few good people over the years getting put off forums because of negative feedback (easy to be a hardman/woman behind a laptop or computer) hence why i kept my distance over the years. Very tempted to mention traders who influenced me but dunno......doubt they even look on trading forums anymore and even if they did would they notice me (i'm going back to Moneytec here). Look at the end of the day it's all good like life you take out of things what you will and you get of things what you put into them. This is just a small message to anyone out there thinking "i can't do this", because you can, sure even now i still have days/weeks where i'm thinking i can't do this and to be honest i'm sure there's a lot of hedge fund managers/proprietary traders that think the same thing.
I'm sure everyone knows the stats, 95% of traders lose because they give up after the first year, the ones that make it to yr 3 or 5 blah blah blah, know of someone that had all these stats and they are frightening.
There is light at the end it's up to you if you really want to get there and achieve all you want to achieve in life, remember this is your only chance at it, i hope you achieve all you want to. I know i'm on my way there ...... at last
Firstly i'd like to say i'm not sure if this is the right forum for this thread, mods can move it if they wish, just want to tell my little story of this years trading.
A bit of background first......been trading on and off for 9 yrs now, went through most of the stages i think, trading the dow thinking i'll be a millionaire in 3 yrs......didn't happen, bought trading software, the bugger rewrote the past to make itself look good !
Discovered forex, nice trends ah this is it for me sorted now, add lots of indicators,take them away, add them again, try and follow other peoples systems, go to chat rooms pick other traders brains (most traders lose and in chatrooms they make up trades to make themselves look good or u have newbies telling u that trading 1 min charts is the way to go, maybe it is but it's not for me as i know now) tried trading daily, 4hr, 1hr, 8hr, 15min, 5min, 1min charts !!! no i'm still losing my bollocks trading !
so
Stopped chatrooms, looked around forums but didn't interact much, reading trading books here and there, taking a little bit of this and that system here and there and finally this year in January decided this is it, if this year doesn't end in profit no matter how big or small i'm stopping trading and gonna figure out something else to make my fortune.
so.................. drum roll........
Been looking over my excel spreadsheet of trades for the year and knew i was up 1200 pips give or take a few pips here and there between Feb and now (been working a full time shift work job in-between and looking after a family too in the meantime) but..... i wasn't sure of the actual profits because some trades i'd use the mini account that i don't really care about hence smaller trades and other trades i'd use the "good" account that i do care about hence larger trades. So tonight i looked at the percentages and low and behold the "good" account is up 165% this year and the other account i don't really care about is up 60% ! I'm so happy i can't describe it, having said that the amounts i'm trading are very small relatively speaking. BUT how much do hedge funds make over a year, +30-40% and they're superstars.......and no i'm not setting up a hedge fund....just yet....
This post is not a boast about how good i am look at me, i'm sitting here looking at the figures delighted, over the moon thinking i've got this whole trading thing sorted but i haven't, far from it and well from past experience i'm not so sure personally speaking i ever will have trading sorted. Just so happens this year for the first time in 9 yrs i've made a profit and i'm gonna do my best to make sure next year is a bigger profit. Personally i think anyone that tells you "i have trading sorted just follow me" is talking bollocks, markets move and change so much it's all about money management at the end of the day, you look at the R:R and decide is this trade worth taking, there will always be another trade.
Final point i know there are other traders out there making more than me, fair play to them i honestly wish them the best of luck, all i'm saying is i've finally found what works for me and next year i'll be better because looking back over my trades i'm thinking "jesus i made some shit trades" but .. i got away with it, next year i intend not to make them shit trades.
so
Dunno, half expect this thread to be pulled to ribbons if it is it is, just telling my story, seen a few good people over the years getting put off forums because of negative feedback (easy to be a hardman/woman behind a laptop or computer) hence why i kept my distance over the years. Very tempted to mention traders who influenced me but dunno......doubt they even look on trading forums anymore and even if they did would they notice me (i'm going back to Moneytec here). Look at the end of the day it's all good like life you take out of things what you will and you get of things what you put into them. This is just a small message to anyone out there thinking "i can't do this", because you can, sure even now i still have days/weeks where i'm thinking i can't do this and to be honest i'm sure there's a lot of hedge fund managers/proprietary traders that think the same thing.
I'm sure everyone knows the stats, 95% of traders lose because they give up after the first year, the ones that make it to yr 3 or 5 blah blah blah, know of someone that had all these stats and they are frightening.
There is light at the end it's up to you if you really want to get there and achieve all you want to achieve in life, remember this is your only chance at it, i hope you achieve all you want to. I know i'm on my way there ...... at last
