I trade my own account for a living. Tell your story | Page 33 | Forex Factory

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  • #641
  • Sep 21, 2017 1:10pm Sep 21, 2017 1:10pm
Quoting profitfarmer
32 pages... can someone summarize that actually how many of the posters are full time traders? because i surely do see and read lots of "smart" "common sense" "expected" "cliche" comments...or we really have this many full time traders?
Why does it matter to you if traders are full time or not? Assess each comment on its own merit. If it is ' smart ', if it makes sense, then go with that. When I read a comment, it makes no difference to me who wrote it. The quality of the comment is what matters, and it may come from someone with many years of trading experience or it may come from someone with very little who has perceived something more experienced traders have overlooked.
  • #642
  • Sep 21, 2017 1:27pm Sep 21, 2017 1:27pm
Quoting cat
{quote} Why does it matter to you if traders are full time or not? Assess each comment on its own merit. If it is ' smart ', if it makes sense, then go with that. When I read a comment, it makes no difference to me who wrote it. The quality of the comment is what matters, and it may come from someone with many years of trading experience or it may come from someone with very little who has perceived something more experienced traders have overlooked.
there is so many threads, this happen to be about the stories of trading for a living...get it?

ps. i am one of that simple soul, who prefer to visually see some ways that a trader is "experienced" beyond words written only.
but hey, we are all different, and that said i still like to read stories of traders "trading for a living", real or self proclaimed.
there is always, always another trade!!
  • #643
  • Sep 21, 2017 11:41pm Sep 21, 2017 11:41pm
Quoting RondaRousey
{quote} With trading you cannot bluff...unless you are B. Madoff. He tried to bluff and ended up in jail.

You cannot bluff in casino games either unless you are referring to games such as Texas Hold'em Poker, which is not a game played against the casino, it is a game hosted by the casino and played against other players. Also I suspect in a market where you have enough money to move it, you can actually legally bluff in trading.
I live entirely from the growth of my personal trading account
  • #644
  • Oct 11, 2017 6:07am Oct 11, 2017 6:07am
Article about a sucessful day trader in forex, includes video with interview.
http://www.telegraph.co.uk/finance/p...-and-more.html
  • #645
  • Oct 11, 2017 7:22am Oct 11, 2017 7:22am
Quoting tradista
Article about a sucessful day trader in forex, includes video with interview. http://www.telegraph.co.uk/finance/p...-and-more.html
"Jackie Mitchell trades in the morning and runs a dry cleaning shop in the afternoon"

If she is so successful trader, why she has to wake up in the morning and spend whole day running cleaning shop? What is wrong in this picture?

Successful trader stories in Telegraph tabloid??? Come on, the first page story is this: "Harvey Weinstein's wife leaves him for 'unforgivable actions' as sex scandal deepens". Are you taking those journalism vomits seriously?
  • #646
  • Oct 11, 2017 11:17am Oct 11, 2017 11:17am
Quoting jdieieh
{quote} "Jackie Mitchell trades in the morning and runs a dry cleaning shop in the afternoon" If she is so successful trader, why she has to wake up in the morning and spend whole day running cleaning shop?
I don't know, do you? maybe she started with a couple K's and is still building up ?

I'm taking those articles as seriously as I take any post about successful traders here in FF, it's the same.
Each one make his/her own judgment but I do like to read about success of the average joe and jane it makes me smile more... at least I like it more than reading about killings, suicides, terrorists and the like which serves no other purpose than to make everyone depressed...
  • #647
  • Oct 11, 2017 11:21am Oct 11, 2017 11:21am
Quoting tradista
{quote} I don't know, do you? I'm taking those articles as seriously as I take any post about successful traders here in FF, it's the same. Each one make his/her own judgment but I do like to read about success of the average joe and jane it makes me smile more... at least I like it more than reading about killings, suicides, terrorists and the like which serves no other purpose than to make everyone depressed...
it is an older article.
i think the antique guy was also featured in a TV doc about (day)traders around that time, should be somewhere on youtube.

for one, i am with you, reading such stories as good as reading the forum...
there is always, always another trade!!
  • #648
  • Nov 2, 2017 8:11am Nov 2, 2017 8:11am
Let's get some motivation

Inserted Video
  • #649
  • Nov 2, 2017 8:59am Nov 2, 2017 8:59am
Quoting tradista
I think this is the goal for many that come here regularly. How many of us have made it? How long did it take? What instruments did you start with? What where the obstacles to achieve success? Tell your own story in this thread. Let's make it inspiring!
Hi since this has been much time after this question has been asked by the OP but anyone else having such questions in their minds also can read my answer,

So i have been trading since last 4 years.and in this time period i have learnt many things.
it took almost 3 years for me to start being more profitable but i was profitable from the start because of beginners luck and i had enough time to experiment my strategies in the markets.After 3 years of playing with dozens of trading systems and indicators i learnt that price action is the only thing which can make you profitable in the long run if learnt and applied properly ofcourse.And one must take out all indicators from their chart completely and try to study the 'naked market as is'. IF one is to make any profits from this.Markets have their own rhythm.After thoroughly examininging the markets my conclusion is that markets can be beaten using price action and following the law of cause and effect as there is a saying.every effect has a cause and every cause has its effect.Without finding the proper cause its going to be very hard to beat this markets.
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No one ever Discovered anything new by colouring inside the lines.
  • #650
  • Nov 2, 2017 9:01am Nov 2, 2017 9:01am
Quoting tradista
Let's get some motivation https://www.youtube.com/watch?v=ws28EJkNyqw
Nice!!!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #651
  • Aug 7, 2019 1:00am Aug 7, 2019 1:00am
Is anyone here from Hong Kong?
  • #652
  • Edited Aug 8, 2019 1:41am Aug 7, 2019 4:57am | Edited Aug 8, 2019 1:41am
Trade for living and FTT (Full Time Trader)

Flexibility, can work anytime anywhere, 24 hours daily 5 days a week. Only need an internet connection
More time to spend with family and friends
Recession proof - No matter what economy condition, there are always chances to make money.

Is it possible?

Yes, it is possible, with "conditions and discipline".

What are Conditions you need to fulfilled?
Step 1 : Let's start trade with any amount you willing to spend. Then see the result, either you can grow the account or not, how long you can maintain the account before MC. It is good try to trade within 6 to 12 months. Start with small account to get the experienced. If you success, then go to step 2, if not then repeat step 1, why did you loss? What are the mistakes?

Step 2 : Make sure you have enough saving for living. It is good to have at least 12 months saving to cover all of your monthly expenses. Do not take risk rely on 100% on the profit trade. Why? this is to make sure you can trade with good emotion. Only when you fulfilled the step 1 and step 2, then you can proceed to step 3 - Final Destination.

Step 3 : Only if you successfully fulfilled the step 1 and 2, then you can figure how much do you need every month to cover all of your expenses. If your expenses is high, then you need high capital to trade, If your expenses is medium, you need medium capital to trade, if your expenses is low, then you need low capital to trade. The timeline execution as below;

1 months to 3 months : Make sure your profit trade can cover at least 25% of your monthly expenses, the rest 75% is from your saving. If your get profit more then 25%, let say you get 150% profit within that particular month, keep 25% spend to your monthly expenses and the rest will become your capital to trade and growing your account
4 months to 6 months : Make sure your profit trade can cover at least 50% of your monthly expenses, the rest 50% is from your saving. If your get profit more then 50%, keep 50% spend to your monthly expenses and the rest will become your capital to trade and growing your account
7 months to 9 months : Make sure your profit trade can cover at least 75% of your monthly expenses, the rest 25% is from your saving. If your get profit more then 75%, keep 75% spend to your monthly expenses and the rest will become your capital to trade and growing your account
9 months to 12 months : Make sure your profit trade can cover all of your monthly expenses. Let the rest will become your capital to trade and growing your account
13 months and so on.... : Profit trade can cover all of your monthly expenses plus you can make some saving from the profit.

REMEMBER : make sure you can trade with good emotion

Step 4 : ONLY when you successfully fulfilled the above conditions, then you can tender your resignation letter to your company, say goodbye to office hour 9 -6, and welcome to the FTT world, if not, then do not consider to FTT. Simple as that. Don't think complicated.

What are Discipline you need to fulfilled?
1 : Knowledge and skills in forex trading. Forex is very risky and challenging. Only if you really confident and having enough knowledge and skills in forex trading and proven consistency profit in your trading.
2 : Emotion and psychology. Patience to wait, when you are really ready to FTT. Patience to wait for good/possibly profit entry, dare to Cut loss when floating and looking market against you. look like simple, but only traders know how bitter it is.

Thank you
  • #653
  • Sep 22, 2019 1:02pm Sep 22, 2019 1:02pm
Hi Ahmadshukri,
where did you get this framework from? is it your own experience or did you read that somewhere? either way, please post more details, would be nice! thx
  • #654
  • Sep 22, 2019 1:53pm Sep 22, 2019 1:53pm
Quoting tradista
Article about a sucessful day trader in forex, includes video with interview. http://www.telegraph.co.uk/finance/p...-and-more.html
This is a scam article bro ... any article indicating that all what it takes is $100 to pay your bill, in essence is not the way to trade in financial market... I am not even gonna start lecturing, there are many things you guys are missing... Trading for living is literally an art that combines your two skills, risk management, and your emotions (Psychology)... Your challenge is to scale out successfully, just like any business, you start small, then you scale out, its easier said than done...
  • #655
  • Last Post: Feb 25, 2020 1:35pm Feb 25, 2020 1:35pm
I really wanted some financial independence so that I could afford much more than what I had at that time. In fact, it wasn't an easy way to go, I had to do enough to make things work the way they are today. Every day I started by analyzing the market and studying a lot of materials about trading. I was constantly studying something new and it still seemed to me that I was not doing enough to realize myself. And by the way, this feeling haunted me for a long time. And then over time my statistics became more and more even and competent, I noticed that I can apply my knowledge in practice and then the normal work has already begun.
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