I trade my own account for a living. Tell your story | Page 29 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Tell The World of Your Experience With Your Broker 8 replies

Quit your jobs and trade for a living! no commercials! :) 1 reply

Living in China, trading for a living 18 replies

Tell Me What Trade Your In So I Can Do The Opposite 38 replies

living in europe, should i have account in USD or EUR ? 6 replies

Attachments: I trade my own account for a living. Tell your story
Exit Attachments

I trade my own account for a living. Tell your story

  • #561
  • Sep 8, 2017 2:44pm Sep 8, 2017 2:44pm
Quoting tradista
So do you guys trade your own account for a living ? I welcome all your excellent input, but if John and Bob's stories are theoretical academic-level scenarios they are outside the thread's scope in the sense that the idea is to share personal real life experience from a pratical point of view.
tradista,

I am curious. Are you still trading for a living? Or have you instead gotten a job? I am just curious if you currently make enough money from your trading to support yourself. (I'm really surprised that in the last few years of this thread that nobody else here has asked this question).
"Dream big and dare to fail." - Norman Vaughan
  • #562
  • Sep 8, 2017 3:05pm Sep 8, 2017 3:05pm
Quoting Mingary
As far as common sense is concerned, forex ranks at the very bottom will all the get rich quick schemes for morons like in that video.

I have been dabbling in forex for several years and I certainly have not become rich from forex. I dabble in it more for fun than an expectation I will become "rich". However, just like everyone here, I have the far out dream that some day I will put everything together make a hefty sum from forex. But I certainly do not count on it, because, as I said, I know it is more-so for fun than any actual expectation of forex riches. But it is always fun to dream.

Having said that, there ARE some people that HAVE become successful from trading forex. For example, people such as: Jarratt Davis, Nick Bencino, and Ross Mullins. I'm sure there are others, but that is just 3 people off the top of my head that I thought of. So, yes, people CAN become successful in forex, but it is NOT easy.
"Dream big and dare to fail." - Norman Vaughan
  • #563
  • Sep 8, 2017 3:34pm Sep 8, 2017 3:34pm
Quoting Ace_1
{quote} I have been dabbling in forex for several years and I certainly have not become rich from forex. I dabble in it more for fun than an expectation I will become "rich". However, just like everyone here, I have the far out dream that some day I will put everything together make a hefty sum from forex. But I certainly do not count on it, because, as I said, I know it is more-so for fun than any actual expectation of forex riches. But it is always fun to dream. Having said that, there ARE some people that HAVE become successful from trading forex....
Jarratt Davis, Nick Bencino, and Ross Mullins and many others.....

1) find a gimmick (example "We found a long lost trading manual written by W D Gann"
2) Show some positive trading track record (demo is ok and values can be doctored as needed)
3) Grow a membership base. You must invest and put all your effort in marketing
4) For the edification of your enthralled followers, make sure to do a "live trading session once a week" - real money, as a marketing expense ..
5) and to cap it all, always sell sell sell; (books, videos, training, software ; etc ...)

... it's quite dishonest actually..
  • #564
  • Sep 8, 2017 3:49pm Sep 8, 2017 3:49pm
Quoting Mingary
{quote} Jarratt Davis, Nick Bencino, and Ross Mullins and many others..... 1) find a gimmick (example "We found a long lost trading manual written by W D Gann" 2) Show some positive trading track record (demo is ok and values can be doctored as needed) 3) Grow a membership base. You must invest and put all your effort in marketing 4) For the edification of your enthralled followers, make sure to do a "live trading session once a week" - real money, as a marketing expense .. 5) and to cap it all, always sell sell sell; (books, videos, training, software...
Mr. Pip, this guy trades for a living and a good one at that.

no b.s. he shows the good the bad and the ugly.
and he had been doing it for years.
and he shows this all for free.
  • #565
  • Sep 8, 2017 3:56pm Sep 8, 2017 3:56pm
The whole FF is a joke if you actually know how to trade.
  • #566
  • Sep 8, 2017 4:10pm Sep 8, 2017 4:10pm
Came across this earlier this year
Attached File(s)
File Type: pdf TheModernTrader_Report_by_BrokerNotes.pdf   1.1 MB | 620 downloads
  • #567
  • Sep 8, 2017 4:13pm Sep 8, 2017 4:13pm
Quoting Mingary
{quote} Jarratt Davis, Nick Bencino, and Ross Mullins and many others..... 1) find a gimmick (example "We found a long lost trading manual written by W D Gann" 2) Show some positive trading track record (demo is ok and values can be doctored as needed) 3) Grow a membership base. You must invest and put all your effort in marketing 4) For the edification of your enthralled followers, make sure to do a "live trading session once a week" - real money, as a marketing expense .. 5) and to cap it all, always sell sell sell; (books, videos, training, software...
There are some truths in what you post but you still cannot trade.
You came here for the truth and let me unveil it for you
  • #568
  • Sep 8, 2017 4:38pm Sep 8, 2017 4:38pm
Quoting RondaRousey
{quote} There are some truths in what you post but you still cannot trade.
Interesting faulty logic ..

Eppur si muove
  • #569
  • Sep 8, 2017 4:47pm Sep 8, 2017 4:47pm
Quoting dogdays713
{quote} Mr. Pip, this guy trades for a living and a good one at that. no b.s. he shows the good the bad and the ugly. and he had been doing it for years. and he shows this all for free.
"If you meet the Buddha on the road, kill him"
Zen proverb
  • #570
  • Sep 8, 2017 4:49pm Sep 8, 2017 4:49pm
Quoting Mingary
{quote} "If you meet the Buddha on the road, kill him" Zen proverb
LOL
  • #571
  • Sep 8, 2017 5:33pm Sep 8, 2017 5:33pm
Whether you think you can, or cannot you're correct- Henry Ford
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -23.1%
  • #572
  • Sep 8, 2017 6:26pm Sep 8, 2017 6:26pm
I read the first eight pages of the thread. First of all; I see what others are saying about "negativity". Well...............all I can say is I will get to the full time trader status eventually. So for now......im going to just study and do my best to impress others here with my trade explorer in my profile...............there is really nothing else to say her at FF......im gonna let my stats do the talking............."help will always be appreciated"
Focus
  • #573
  • Sep 8, 2017 7:13pm Sep 8, 2017 7:13pm
Quoting mrstblefx
I read the first eight pages of the thread. First of all; I see what others are saying about "negativity". Well...............all I can say is I will get to the full time trader status eventually. So for now......im going to just study and do my best to impress others here with my trade explorer in my profile...............there is really nothing else to say her at FF......im gonna let my stats do the talking............."help will always be appreciated"
If you subscribe to the idea that money is the by-product of good trading...
Then TE to impress is even more so only a by-product of same good trading...

Never mind to impress, if only yourself!!
If you yourself happy with your trading, who cares those who unimpressed.

For a personal example, I impress myself with consistency, and less so with high profits coming from wild equity swings.
Most impressed on FF with the later. Is that has anything to do with my views, do I have to change? Most certainly NO!

You have a target, trade fulltime, great. You have a live account, so, it isn't a dream anymore, you got the basic tool, some starting capital.
Now go on and impress YOURSELF making it!
there is always, always another trade!!
  • #574
  • Sep 8, 2017 7:54pm Sep 8, 2017 7:54pm
Quoting Mingary
{quote} "I do NOT own any brokerage. I do NOT work for any brokerage. I do NOT market nor sell anything." ok. Then don't act like you do (: As far as common sense is concerned, forex ranks at the very bottom will all the get rich quick schemes for morons like in that video ..
As I said, before moderators removed my response, go and cure your head, you exhibit symptoms of minor neurosis.
  • #575
  • Edited 12:39pm Sep 9, 2017 11:54am | Edited 12:39pm
Quoting Ace_1
{quote} tradista, I am curious. Are you still trading for a living? Or have you instead gotten a job? I am just curious if you currently make enough money from your trading to support yourself. (I'm really surprised that in the last few years of this thread that nobody else here has asked this question).
Hi.
About your question, yes and no.
I'm trading bins now for quite some time, 1/3rd of my income comes through it. The other 2/3 come from my online coding business. I'm decent at both I guess now.
I never went back to a 9-5 job so I'm really happy about that. Fortunately I'm able to work freelance while growing my accounts slowly and steadily until I can stop coding for extra bucks. But yes I'm almost there but it's been harder because I have a large family to feed first, if I was single I'd be really further away I think.
Next step is to get my feet into futures and leave the scammy world of bins (but for now it provides its thing).
The only reason some people stop posting here it's just because they don't have anything to say anymore. Spending your time in forums will not get you where you want to go.
I've learned what I needed and am doing my thing, day in day out... so basically, I have nothing to do here, anymore, and am spending my time working hard to move on. Focus and time management have been critical for me. No overnight life changing event, you don't even notice until you notice some things in your life fall in place while others still aren't, time passes and you do you what you have to do to reach it... you keep at it, persistently even if it seems it doesn't matter and when you stop and look back you see how far you've come, and didn't even noticed. It's a steady, slow, invisible journey towards your own growth, well worth it if that's what you want. I'm still not where I want to be, obviously, but I'm grinding my way, so that's what counts for me. I don't know if I'm half way, 1/10th or almost crossing the finish line, I don't care, I'm grinding every day as sure as I know that's what I want to do, I will get there (whatever 'there' is supposed to be) or I will die in the process of making it there!

Some of you may make it faster than me, some will make it slower than me, some will not make it. It doesn't matter, what matters is your burning desire to reach something that you want very dearly and doing a small step everyday towards it. There's this guy who will make it in a few months and the other will need 10 years, as I said, it doesn't matter, we're all different and each one's circunstances are different. There's not two people living the same exact life, so why do you care how long it took the other guy ?

follow your gut and be careful with using your time, your effort and your money wisely --> remember, focus on those 3 areas is key
  • #576
  • Sep 9, 2017 1:23pm Sep 9, 2017 1:23pm
Quoting 9jatrader
Whether you think you can, or cannot you're correct- Henry Ford
Another display of faulty logic and marketing platitude.

Think about it - many thousands of young men want to be highly paid super star footballers: few make it, even if they practice every week for years, but you don't hear of the many failures and frustrated ambitions that lie behind the few successes. But some idiot then says, " Yeah -Joe Bloggs is a top class footballer or rich retail trader, so you can too!" And conveniently omitting the fact that the greater likelihood is that the person will join the dustbin of failures hidden behind the one successful man or woman.
Many "think" they can be profitable traders - few achieve that goal despite hours spent at the screen. If we could achieve success in proportion to effort then the markets would collapse. Something extra makes a trader successful - talent.
every Saint has a past. Every Sinner has a Future
  • #577
  • Sep 9, 2017 2:15pm Sep 9, 2017 2:15pm
Quoting turnip15
{quote} Another display of faulty logic and marketing platitude. Think about it - many thousands of young men want to be highly paid super star footballers: few make it, even if they practice every week for years, but you don't hear of the many failures and frustrated ambitions that lie behind the few successes. But some idiot then says, " Yeah -Joe Bloggs is a top class footballer or rich retail trader, so you can too!" And conveniently omitting the fact that the greater likelihood is that the person will join the dustbin of failures hidden behind...

Yep a lot of empty platitudes on these pages. I agree that we should be positive to stand a chance of succeeding, but it is not enough, we must be realistic about our abilities and how we can improve ourselves, take an idiot and get him to think positively and all you have is a positive idiot
I live entirely from the growth of my personal trading account
  • #578
  • Sep 9, 2017 2:30pm Sep 9, 2017 2:30pm
Quoting tradista
{quote} Hi. About your question, yes and no. I'm trading bins now for quite some time, 1/3rd of my income comes through it. The other 2/3 come from my online coding business. I'm decent at both I guess now. I never went back to a 9-5 job so I'm really happy about that. Fortunately I'm able to work freelance while growing my accounts slowly and steadily until I can stop coding for extra bucks. But yes I'm almost there but it's been harder because I have a large family to feed first, if I was single I'd be really further away I think. Next step is...
tradista, thanks for your reply. It's good to know you don't have to worry about working at a "job". Mingary posted a video yesterday on this thread about people wanting to be rich. In the video there is an 18 yr old girl being interviewed and she says: "I find the whole idea of 'having a job' is quite ridiculous, that you have to depend on someone ... that you have to 'keep your nose down' and try to please them, and they end up paying you a pittance". I have to admit I agree with her and I have always felt the same way. I've always felt as if I were a slave to every company I've ever worked for. At this moment I am unemployed but I absolutely dread the idea of once again becoming a slave to another employer and having to show up at a job at a specific time, having to do what they tell me to do and always fearful of displeasing them and losing my job. As I said, it is like slavery. And on top of that, as the girl in the video basically says, we end up getting paid a pittance for going through all that crap. It just feels like my life is being wasted by having to report to a "job" each and every day, only to end up making someone else rich. Yes, I dread having to find another job but at the moment I have no other choice.

I think my best bet is to seriously begin looking for a home business ... a legitimate one with services people want. Either that or keep dreaming of making it big by hitting the "forex lottery", so to speak.
"Dream big and dare to fail." - Norman Vaughan
  • #579
  • Sep 9, 2017 3:17pm Sep 9, 2017 3:17pm
Last week was crazy! Made 16k. Cashed out all my capital plus $2k profit. Past two weeks, I've made 25k or so.

After 4 years, I may have finally found order in the chaos. This week is my first time ever of trading house money. My goal for the week is to turn the 3.5k I did not cash out into $30k at which point I'd start paying myself really well and working towards taking at least year off work to trade, chill and do the bucket list.

Trust the process
  • #580
  • Sep 9, 2017 3:32pm Sep 9, 2017 3:32pm
Quoting 9jatrader
Whether you think you can, or cannot you're correct- Henry Ford
Positive thinking is part of the game as long as you learned the basics and continue to learn from the market
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -23.1%
0 traders viewing now