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Losing hope that profitable trading can be achieved

  • #1
  • First Post: Aug 9, 2022 4:02pm Aug 9, 2022 4:02pm
I started the journey o 2017, i have been on all the known phases for traders and I'm not sure if I'm currently in the last one.

To make story short i can get 1 or 2 month profitable and then another month unprofitable. I tried most popular strategies and no matter being aware of physiologic and risk management the results are the same good month, then bad month and i stay close or very close to where i started, even after 100 trades.

Back tested 1 pair for 1 year great results 22% then the first 2 month of live testing 2 month of negative % that never happened before.
If i have a trend strategy the month that the market is ranging i do awful and vice versa with range strategy.

I don't really see a strategy being 50% win with 2:1 ration on a constantly basis i just don't see it. They might be for 100 trades or 200 trades but not for 400 trades.

Anyways I'm just venting, i feel really frustrated that i spent so many years looking for something that I'm not certain it can be achieved.


My goal was to get into a prop firm but those requirement of 8% gain and then 5% are not very easy to achieve unless i gamble on the lot size. So trading Higher time frames are not an option for me as i don't have enough opportunities to get those objectives.
  • #2
  • Aug 9, 2022 4:39pm Aug 9, 2022 4:39pm
Quoting booker21
I don't really see a strategy being 50% win with 2:1 ration on a constantly basis i just don't see it.
Could you please answer 2 simple questions?

1. What color will the candle be if the open equals the close?
2. If you have 500x leverage max, you have 10000$ equity and you have 1 lot size (100000$) short trade opened at 100$ what will be your equity and balance if current price is 200$?


p.s. real trader will answer these questions in 20 seconds.
Observer effect
  • #3
  • Aug 9, 2022 5:41pm Aug 9, 2022 5:41pm
these people know what they are doing

https://www.metalsmine.com/thread/93...hing-i-want-to
  • #4
  • Aug 9, 2022 5:45pm Aug 9, 2022 5:45pm
Quoting ryuryu
{quote} Could you please answer 2 simple questions? 1. What color will the candle be if the open equals the close? 2. If you have 500x leverage max, you have 10000$ equity and you have 1 lot size (100000$) short trade opened at 100$ what will be your equity and balance if current price is 200$? p.s. real trader will answer these questions in 20 seconds.
If a plane leaves Paris heading East at midday, and a boat leaves Japan heading West at midnight, at what time will anyone give a fuck about your asinine questions?
Congratulations ScalaFX for coming out of the closet!
  • #5
  • Aug 9, 2022 7:25pm Aug 9, 2022 7:25pm
If someone has done it so can you. In those losing months you might have to use another strategy. You say you have been trading since 2017. After a few years of trading you should have a few strategies and patterns you have in your bag of tricks. Maybe implementing different strategies at the same time and looking for confluences between them might work for you. I only have 3 years day trading experience and have passed multiple funding challenges so perhaps take my advice with a grain of salt. Also, I do not know who you are or how you trade or any other details so that I can pin point your problem. But just realize if someone has done it so can you. It's there you just have to find it. They say only 1% of trader become profitable. I think it's that low because 99% give up. Never give up if this is your dream career. Hope this helps in some way.
  • #6
  • Aug 10, 2022 3:04am Aug 10, 2022 3:04am
If it was impossible no one would do it, if it was easy everyone would do it.

I recently spoke to someone and he told me it had taken him 14 years to become profitable.
life is a reflection of what we allow ourselves to see
  • #7
  • Aug 10, 2022 4:37am Aug 10, 2022 4:37am
Quoting milicentfx
these people know what they are doing https://www.metalsmine.com/thread/93...hing-i-want-to
Thats a big fat lie. Stop directing others to that crap. If you are stupid, go on, study digger and joker "charts"... and good luck with that.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #8
  • Aug 10, 2022 7:46am Aug 10, 2022 7:46am
Quoting bfx17
{quote} Thats a big fat lie. Stop directing others to that crap. If you are stupid, go on, study digger and joker "charts"... and good luck with that.
you're welcome
  • #9
  • Aug 10, 2022 8:53am Aug 10, 2022 8:53am
It's very hard to help you without knowing your strategy, when and why you execute trades. Due to the fact that trading is very personal business and it's nearly impossible to trade the same as someone else, everything below this line is from my own experience and what is working for me:
1. If you are trading from 2017 then there is a high chance that you already know what to do. You should have trades that you like more than others. Looking at the chart in past, you should see patterns that you like and you know that you would trade them.
2. Post #3 recommended a link... Don't look at the others, do your own job. Watching YouTube trading videos, reading some gurus strategies most likely will not help you. For me it was a huge step back when I begun to watch and follow some gurus. It's your trades, your decisions. You should know exactly what you are doing.
3. Post #2... If you can't answer these questions that's OK. These questions have zero affect on your trading. You will still be able to trade profitable.
4. If you are trading manually - beck testing doesn't work. As for me, at the end of a trading day I'm analyzing the whole day to see if there were trading opportunities. Doing it everyday helps a lot.
5. You should not think about 1:2, 1:3, 1:100 risk reward. It doesn't work that way. You never know what will happen. Your job as a trader to enter a trade at the best price possible. I'm trading breakouts, if I'm entering a trade it should go in profit almost instantly, other way it's better to close the position. Risk reward means that your winners should be bigger then your losses. It doesn't mean that you open a trade, set your TP at 1:3 R and go to sleep.
6. You are thinking in % gains. Why? It makes no sense. I remember the time when I was thinking in % gains. That was because I had a small account and making 10 usd on a trade looks small and then you start to think "OK my account balance is 300 usd, I just made 10 usd, WOW that's more than 3%. If I would have 100 000 account balance I would make 3000 on that trade". But in reality it doesn't work that way. Start thinking in real money. Let's say I have 10 000 usd in my pocket. I'm trading with 200 usd stop loss. I'm opening an account with 500 leverage. So I put 10 000 into account. Made 600 usd profits in 1 month, 6% good. Let's say before putting money into account I made some research and found out that my maximum drawdown 2 000 usd. So why should I put all 10 000 into account, with 1:500 leverage I can put only 4 000 into my account and trade the same size and risk. And now let's say I put 4 000 into account and made 600 usd. Now it's 15% gains. But nothing changed, it's still 10 000 that I can afford to use in trading, it's still 600 usd profits.
7. Trading higher timeframe don't work for me.
8. Trading small size is hard, trading big size is dangerous until you are profitable and know what you are doing.
9. Don't lose a lot money in one day. Took 2 trades, 2 losses - close the chart.
10. Set yourself a real goal. 10 pips a week. Trading success is in consistency.
11. How many pairs are you trading?
12. What timeframe are you trading?

There are many things to discuss. If you want some help you should describe your strategy and post trades history for 1 month. There are definitely things that you are doing great, but there are things that you are doing bad. You can send it directly to me if you want to. Without this information it's impossible to help because we don't know what you are doing.

It's very hard, but you can do it. The main question - are you sure that trading is what you want to do?
  • #10
  • Aug 11, 2022 8:11pm Aug 11, 2022 8:11pm
Quoting booker21
I started the journey o 2017, i have been on all the known phases for traders and I'm not sure if I'm currently in the last one. To make story short i can get 1 or 2 month profitable and then another month unprofitable. I tried most popular strategies and no matter being aware of physiologic and risk management the results are the same good month, then bad month and i stay close or very close to where i started, even after 100 trades. Back tested 1 pair for 1 year great results 22% then the first 2 month of live testing 2 month of negative...
Hi @booker21,

I completely understand your struggles and frustrations. To be a profitable trader; in my opinion is akin to making it to the Olympics. Many gurus claim to have made it and be profitable, but i don't think they have or are, i think most of them have made money from students and mentees.

I think the best approach is to improve your craft. It is said there is a 10,000 hour rule about becoming a master to a craft, but i think trading is soo counter intuitive, its probably 20,000 hours for this specific craft.

There is light at the end of the tunnel, few legends have proved this. try not to focus on prop firms, focus on improving craft and getting better. so good that you dont need a prop firm, so good that you resent the prop firms taking 20% of your capital.

Are you master of all the 4 areas listed below.

1. Technical
2. Markets - Markets change every year
3. Fundamentals
4. Psychological
5. Capital/Money management (personal finance and risk management these two are very much connected)

I believe true mastery of all these components take more than a couple of years. Anyone who has achieved success outside of this in my opinion has strengthened one of these at the expense of the others.

This is just my honest opinion but welcome challenge!
  • #11
  • Aug 11, 2022 9:01pm Aug 11, 2022 9:01pm
[quote=bfx17;14095191]{quote} Thats a big fat lie. Stop directing others to that crap. If you are stupid, go on, study digger and joker "charts"... and good luck with that.[/quote

throw the bone for bfx17
people leave, but this thread will go on for ever
  • #12
  • Aug 11, 2022 10:43pm Aug 11, 2022 10:43pm
Quoting dreeamer87
{quote} Hi @booker21, I completely understand your struggles and frustrations. To be a profitable trader; in my opinion is akin to making it to the Olympics. Many gurus claim to have made it and be profitable, but i don't think they have or are, i think most of them have made money from students and mentees. I think the best approach is to improve your craft. It is said there is a 10,000 hour rule about becoming a master to a craft, but i think trading is soo counter intuitive, its probably 20,000 hours for this specific craft. There is light at...
Nicely worded.....yes, it is a craft!
  • #13
  • Edited 2:27am Aug 12, 2022 1:52am | Edited 2:27am
[quote=Aussi;14098016]
Quoting bfx17
{quote} Thats a big fat lie. Stop directing others to that crap. If you are stupid, go on, study digger and joker "charts"... and good luck with that.[/quote throw the bone for bfx17
You are getting older Aussi...it was quite the opposite...you took the bait and ran with it like a tunna fish. I was curious to see if you are checking my posts. Thats why i replied on this obscure thread, to an obscure member so that it was impossible for you to see my post, unless you are specifically looking for it. Get it now?

But no worries, i have a proposal for you to make your life easier: you unignore me and I can post directly on your thread, so you dont have to check my profile everyday.

PS ofc that's a joke, cause I wouldnt post anything in that pile of crap.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #14
  • Aug 15, 2022 8:20pm Aug 15, 2022 8:20pm
Quoting bfx17
Quoting Aussi
{quote} You are getting older Aussi...it was quite the opposite...you took the bait and ran with it like a tunna fish. I was curious to see if you are checking my posts. Thats why i replied on this obscure thread, to an obscure member so that it was impossible for you to see my post, unless you are specifically looking for it. Get it now? But no worries, i have a proposal for you to make your life easier: you unignore me and I can post directly on your thread, so you dont have to check my profile everyday. PS ofc that's
...
you poor thing you think its about you
people leave, but this thread will go on for ever
  • #15
  • Aug 15, 2022 11:06pm Aug 15, 2022 11:06pm
Quoting bfx17
Quoting Aussi
{quote} You are getting older Aussi...it was quite the opposite...you took the bait and ran with it like a tunna fish. I was curious to see if you are checking my posts. Thats why i replied on this obscure thread, to an obscure member so that it was impossible for you to see my post, unless you are specifically looking for it. Get it now? But no worries, i have a proposal for you to make your life easier: you unignore me and I can post directly on your thread, so you dont have to check my profile everyday. PS ofc that's
...
Attached Image (click to enlarge)
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me on my horse
people leave, but this thread will go on for ever
  • #16
  • Aug 16, 2022 1:59am Aug 16, 2022 1:59am
Quoting Aussi
{quote}{quote} {image} me on my horse
It looks like a demo horse to me...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #17
  • Aug 18, 2022 8:09pm Aug 18, 2022 8:09pm
Quoting bfx17
{quote} It looks like a demo horse to me...
throw the bone for the doggy bfx17
people leave, but this thread will go on for ever
  • #18
  • Sep 8, 2022 3:56pm Sep 8, 2022 3:56pm
Quoting booker21
I started the journey o 2017, i have been on all the known phases for traders and I'm not sure if I'm currently in the last one. To make story short i can get 1 or 2 month profitable and then another month unprofitable. I tried most popular strategies and no matter being aware of physiologic and risk management the results are the same good month, then bad month and i stay close or very close to where i started, even after 100 trades. Back tested 1 pair for 1 year great results 22% then the first 2 month of live testing 2 month of negative...
Keep going and you will get it. it takes time, we all do. you got this.
  • #19
  • Sep 9, 2022 4:46am Sep 9, 2022 4:46am
I am also losing when come to manual trades.
But I think I find a solution and way to make consistent money thru automate trading(EA).

After sometimes, I think I know why manual trading is hard to achieve consistent results.
By EA, I already make monthly profitable withdrawal since July 2020 till now.
  • #20
  • Sep 9, 2022 5:36pm Sep 9, 2022 5:36pm
Quoting FXautomateEA
I am also losing when come to manual trades. But I think I find a solution and way to make consistent money thru automate trading(EA). After sometimes, I think I know why manual trading is hard to achieve consistent results. By EA, I already make monthly profitable withdrawal since July 2020 till now.
learning how to trade and how forex works is better , most people don't understand that an EA can be manually manipulated by a plug in do you think an update by mt4 is for
people leave, but this thread will go on for ever
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