After consistently profitable, will you become boring? | Forex Factory

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After consistently profitable, will you become boring?

  • #1
  • First Post: Nov 15, 2021 2:13am Nov 15, 2021 2:13am
As said in thread title , I wonder, if boring will happen after you become consistently profitable?
  • #2
  • Nov 15, 2021 6:27am Nov 15, 2021 6:27am
I don't think so!
Always ready to help
  • #3
  • Nov 15, 2021 8:27pm Nov 15, 2021 8:27pm
I think with the skills necessary to become consistently profitable in forex, a seasoned FX trader can easily transfer those skills to another asset class. If I ever become profitable and/or bored of FX, I will most likely begin speculating on crypto or stocks because there's drama and stories to follow in those things
Trying my best.
  • #4
  • Nov 16, 2021 6:50am Nov 16, 2021 6:50am
Hopefully
  • #5
  • Nov 17, 2021 2:11am Nov 17, 2021 2:11am
Work can be boring, yes. I'm not doing this for fun, but for profit.
  • #6
  • Nov 17, 2021 5:21am Nov 17, 2021 5:21am
It may be different to other people, but when money is on the line I do NOT get bored.
On the other hand, I try NOT to get excited when winning.
  • #7
  • Nov 17, 2021 5:45am Nov 17, 2021 5:45am
Quoting kostas1
It may be different to other people, but when money is on the line I do NOT get bored. On the other hand, I try NOT to get excited when winning.
good comment.

i would like to agree with this, because if you were bored, you would work without concentration.
trading is like dancing, don't think and just listen to the music!
  • #8
  • Nov 18, 2021 12:25am Nov 18, 2021 12:25am
The market will never be that predictable, so that I will consider trading to be boring.
Consistency in trading is a beautiful thing, but it will never be so strong that I will find trading to be boring as markets are unpredictable. There is always a room for market to surprise the traders and there is nothing we can do about it. More than that, if my trading becomes more and more consistent, then it means that I will get more and more profits which will allow me to use other opportunities along with trading forex. The more opportunities you have, the more interesting your life becomes and if trading gives me such profits, I will be very grateful to it. Finally, Markets are always on the move. It means that even if todday my trading is consistent, it doesn't mean that tomorrow it will be consistent as well. That is why traders should always learn more about the market and economics in order to catch up with the alterations which take place on the market. Being on the move is never boring, so don't worry about it.
  • #9
  • Nov 25, 2021 4:30pm Nov 25, 2021 4:30pm
It's trully boring when you are living from the markets.

I started living from Stock Market on 2021 and it is the most boring year I've ever had.

The problem is not just the boredemon, but the psychological pressure of knowing your trade order is on the market, and if a black swan happens, you going broke.

That's why I really enjoy when it comes weekend, so I can relax for 2 days.
  • #10
  • Nov 26, 2021 2:58am Nov 26, 2021 2:58am
Quoting Ffas
It's trully boring when you are living from the markets. I started living from Stock Market on 2021 and it is the most boring year I've ever had. The problem is not just the boredemon, but the psychological pressure of knowing your trade order is on the market, and if a black swan happens, you going broke. That's why I really enjoy when it comes weekend, so I can relax for 2 days.
Yeah, that's what I'm talking about. When it’s work, it’s not fun.
  • #11
  • Nov 26, 2021 3:31am Nov 26, 2021 3:31am
Quoting BinhAutoDat
{quote} Yeah, that's what I'm talking about. When it’s work, it’s not fun.
Totally agree.

Like George Soros says: "If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring."
  • #12
  • Nov 29, 2021 3:39am Nov 29, 2021 3:39am
Quoting Ffas
{quote} Totally agree. Like George Soros says: "If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring."
And this is one of the reasons why we need forums!
  • #13
  • Nov 30, 2021 2:25am Nov 30, 2021 2:25am
We trade to earn money and not to entertain ourselves. If you are able to earn consistently it should be enough but if you still find your trading routine monotonous, it’s good to open a separate account and practice different strategies. No one can master every technique or method, you can set small challenges for yourself and try to achieve them. It will keep you involved and excited.
  • #14
  • Dec 8, 2021 1:14am Dec 8, 2021 1:14am
Quoting indosupre
As said in thread title , I wonder, if boring will happen after you become consistently profitable?
How can making money be boring???
It is fun, very fun in trading activity...
  • #15
  • Dec 8, 2021 2:27am Dec 8, 2021 2:27am
Quoting antonsatu
{quote} How can making money be boring??? It is fun, very fun in trading activity...
Is it sacrasm?
  • #16
  • Dec 8, 2021 5:16am Dec 8, 2021 5:16am
Quoting BinhAutoDat
{quote} Is it sacrasm?
NO........
  • #17
  • Dec 9, 2021 12:43am Dec 9, 2021 12:43am
Quoting indosupre
As said in thread title , I wonder, if boring will happen after you become consistently profitable?
that's what Karen Foo says : trading must be boring, otherwise you're doing something wrong
  • #18
  • Dec 9, 2021 1:52am Dec 9, 2021 1:52am
Quoting ionone
{quote} that's what Karen Foo says : trading must be boring, otherwise you're doing something wrong
text book...
it is wrong. IF you are sufferring in doing something, how can you be successfull?
  • #19
  • Dec 9, 2021 1:56am Dec 9, 2021 1:56am
Quoting ionone
{quote} that's what Karen Foo says : trading must be boring, otherwise you're doing something wrong
trading is the most exciting thing i do in my life...and i make a living and still enjoy it.

WAITING for a setup can be a bit boring, with that i agree.
trading is like dancing, don't think and just listen to the music!
  • #20
  • Dec 9, 2021 4:05am Dec 9, 2021 4:05am
Quoting antonsatu
{quote} text book... it is wrong. IF you are sufferring in doing something, how can you be successfull?
it would be like saying "i'm a truck driver and I enjoy driving so much". It means you take unecessary risks and drive recklessly for the thrill.
If you drive carefully, it WILL be boring, doesn't matter how much money you make driving
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