Who is a "Constantly Profitable Trader"? | Forex Factory

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Who is a "Constantly Profitable Trader"?

  • #1
  • First Post: Edited 11:33pm Feb 6, 2007 12:13am | Edited 11:33pm
I want to start a new discussion. It hopefully helps us all to have a better understanding of the realities behind forex trading. I won't share my opinion at this post but will actively involve in the discussion.

My question is what does a "constantly profitable trader" mean to you? When do you call a trader to be a constantly profitable one? Is there a measurement technique in place to evaluate the behaviour of a trader and call him/her a constantly profitable trader?

Thanks for sharing your opinion in advance.

Good Luck,
Al
  • #2
  • Feb 6, 2007 12:30am Feb 6, 2007 12:30am
To me consistently profitable means you're usually positive at the end of each month.

To me constantly profitable means you never lose.
How you act is more important than how you feel.
  • #3
  • Feb 6, 2007 12:39am Feb 6, 2007 12:39am
I'll settle for consistently profitable. Constantly profitable sounds like too much work.
  • #4
  • Feb 6, 2007 12:41am Feb 6, 2007 12:41am
quarterly positive...
Mr. Trend
  • #5
  • Feb 6, 2007 12:51am Feb 6, 2007 12:51am
I'll have to agree with gdf1953. "Constantly" profitable sounds like too much pressure. Lord knows, we have enough "pressures" as it is.

Consistently profitable, to me, would indicate, a SOLID system is in place and is followed, no matter what. And too, the "bottom line", monthly, shows a steady growth. That is the bottom line, isn't it?
  • #6
  • Feb 6, 2007 1:06am Feb 6, 2007 1:06am
Quoting Mr Trend
quarterly positive...
A short wise answer.
  • #7
  • Feb 6, 2007 1:07am Feb 6, 2007 1:07am
Quoting mtcdavs
I'll have to agree with gdf1953. "Constantly" profitable sounds like too much pressure. Lord knows, we have enough "pressures" as it is.

Consistently profitable, to me, would indicate, a SOLID system is in place and is followed, no matter what. And too, the "bottom line", monthly, shows a steady growth. That is the bottom line, isn't it?
I doubt if many traders can stay positive every month for a long period of time. However, I'm not saying it's not achievable.
  • #8
  • Feb 6, 2007 2:33am Feb 6, 2007 2:33am
At the end of each month you book at least 150 pips (New year period or August excluded). Maximal loss is 45 pips in 1 trade. 10-15 trades each month - 7-12 profitable (Look I do not say drawdown, because in drawdown I mean negative monthly balance, but consistent system should have positive monthly balance)
kiss the trend
  • #9
  • Feb 6, 2007 3:29am Feb 6, 2007 3:29am
to me consistent means that you can confidently reproduce results and meet your expectation. expectations are always important, some people expect larger drawdowns, some expect more frequent smaller ones, etc, but that one trades the same way regardless (even if that means youre all over the discretionary map, as long as youre consistent about that ). to be consistently profitable means to have consistent losses as well, whether that be in terms of amplitude or frequency. timeframes like always are simply timeframes, theres always going to be a bit of noise i think.
  • #10
  • Feb 6, 2007 3:50am Feb 6, 2007 3:50am
Uphill equity curve with minimal downhills along the way...
  • #11
  • Feb 6, 2007 4:20am Feb 6, 2007 4:20am
Quoting mtcdavs
Consistently profitable, to me, would indicate, a SOLID system is in place and is followed, no matter what. And too, the "bottom line", monthly, shows a steady growth. That is the bottom line, isn't it?
In agreement
  • #12
  • Feb 6, 2007 8:34am Feb 6, 2007 8:34am
Quoting Mr Trend
quarterly positive...
This is my answer as well you really can't look at it any shorter than that
  • #13
  • Feb 6, 2007 9:45am Feb 6, 2007 9:45am
The most constantly profitable trader is the luckiest one.
The most consistantly profitable trader is the most discipline one.
Please correct me if I'm wrong. Still a newbie here and learning.
Tra-X
  • #14
  • Feb 6, 2007 11:36am Feb 6, 2007 11:36am
Quoting turbokaos
This is my answer as well you really can't look at it any shorter than that
tell that to somebodythat trades only the minute charts and blows their account in a month
honestly though, ive been working on the 5 minute chart for a short time and i review myself at the end of the week on that end with at least an expectation of being positive, while any daily trades i look at quarterly.
  • #15
  • Feb 6, 2007 12:06pm Feb 6, 2007 12:06pm
Profitable trader looks like this ------------>

A newbie looks like this-------------------> + + =
  • #16
  • Feb 6, 2007 12:14pm Feb 6, 2007 12:14pm
But on a serious note, since 'profitable' is a relative term to every unique individual, I consider everyone who hasn't gone bankcrupt or blown their account as a profitable trader
  • #17
  • Feb 6, 2007 12:27pm Feb 6, 2007 12:27pm
nice positive attitude hilmy
that counts for something in my book fwiw

Quoting hilmy83
But on a serious note, since 'profitable' is a relative term to every unique individual, I consider everyone who hasn't gone bankcrupt or blown their account as a profitable trader
  • #18
  • Feb 6, 2007 1:36pm Feb 6, 2007 1:36pm
Without a defined period of time and a defined timeframe there is no way to define "constantly" profitable. Otherwise the designation could be 100% exclusive, or fairly inclusive.

So how about this: Has any trader been "constantly" profitable quarter-on-quarter for the last 5 years straight? I'll bet that's an exclusive club...
  • #19
  • Feb 6, 2007 2:47pm Feb 6, 2007 2:47pm
Quoting hilmy83
Profitable trader looks like this ------------>

A newbie looks like this-------------------> + + =

Like it!

I don't believe there is any such thing as a CONSTANTLY profitable trader - no one wins all their trades. A consistently profitable trader is as successful as it gets.
  • #20
  • Feb 6, 2007 4:08pm Feb 6, 2007 4:08pm
Quoting hilmy83
Profitable trader looks like this ------------>

A newbie looks like this-------------------> + + =
This is a visual but meaningful appoach. Two thumbs up for you.
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