How many consistently profitable traders around?

I hope to end Sept 2018 above %12 profit. My goal is to average %1 a month. I have had a -5% and a -2%, but overall if I make %12 or better I consider that consistent. But I want at least 2 years of %12 profit or more per year with %20 or less draw down.
https://www.myfxbook.com/members/PippinUSA/718/2364203

What a bunch of crap on this thread with consistent losers throwing random statistics around yet chose to still lurk around here trying to feel better about their failures by trying to convince others that you cant make a living off forex as a retail trader. I know this thread is old but i couldnt help myself.

Consistent profitability is absolutely possible and an edge is absolutely possible. There are hubdreds of strategies that can be traded in many different market structures. All you need is to identify 1 and keep doing that mechanically.

I have blown a hell of a lot of accounts over the last 15 years. Maybe im just slow but took me 10 years of stubbornness to actually get a grasp of this business. My problem is that i cant deal with bigger lot sizes. Cant detach emotionally when per trade sizes reach 2 or 3k. Small lots no problem, chump change.

If you see the attached i started this 2 weeks ago with 400 usd. Notice how its not just 1 or 5 trades of pot luck. Risk is managed and trades taken cleverly. Certainly there is an edge involved to produce such results.

Anyway my point is dont listen to these burnt out losers who fail and cant pick themselves back up. They are just toxic. But in my opinion the learning duration for this is way more than 2 or 3 years. You can pick up basics in a month. But identifying what sort of a market structure suits your trading takes a long time. Because you have to live through those structures glued to your screen. And in my opinion you have to do it with real money. Demo teaches you jack. If you dont have skin in the game you can learn period.

As for me, i am yet again attempting to grow the account to bigger number. If i am finally successful i will surely post my results.

Green pips to all!

I used to be like this. It's all just numbers on a screen. I used to be scared of trading a large account too.

Only invest money into your trading accounts be they stocks, crypto or forex that you mentally flush down the toilet.

Wait for better setups. I trade against most conventional rules and still have 80%+ win rates for long stretches of time.

Nobody is perfect.

Like I always say: "Protect your loses and the profits take care of themselves."

Don't trade drunk, I lost a lot of money last year because of one bad night drinking and trading. Now I only drink on Saturday lol.

lol. thanks for the advice.

in all seriousness, thanks for the advice about protecting losses. i mean it is important to have enough return, don't take your profits to early so they are smaller than your losses of course. but that said, managing losses is the most important thing which one should DO.

than in most cases rookies (as myself as well) are DOING to much. for example taking profits to early. Most of new players need to learn to NOT DO SOMETHING. just let it go. don't enter to early, don't widen SL, don't TP to early. (BLINDLY) TAKING ACTION fallacy. Rookies always think they need to do something

if R:R and Winrate are in a good relation to each other and you protect your losses, everything will be good!

No. This is a trick question. Warren Buffett has lost money year over year. Is he consistently profitable?

Well another thing to look at with people who know how to trade is exactly why Warren Buffett is the best.

“If I was running $1 million today, or $10 million for that matter, I’d be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.” - Warren Buffett

Knowing how to trade, and the agility and low impact of small funds is a key point. The bigger funds get, the harder they are to utilize, why they break up and invest in small chunks and pieces of funds/companies.

I have a serious question is it possibvle to make consistent profit in forex without plan and strategy?

No,furthermore you won't make a profit even if you have a plan and a strategy.