Have You Been Profitable? | Forex Factory

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Have You Been Profitable?

  • Poll

  • Have You Been Profitable?
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  • #1
  • First Post: Apr 20, 2010 6:42pm Apr 20, 2010 6:42pm
If you have been profitable, kindly share with us on these:

1) Your risk reward level.
2) Your money management.
3) Average amount of trades.
4) Longest winning streaks.
5) Longest losing streaks.
6) Biggest win.
7) Biggest loss.
8) Share about your Psychology management.

If you have not been profitable, you can comment, but do not post the details asked above. Only post the details if you have been profitable. Everyone can vote in the poll, but only honest votes please (it's a public poll).

Kindly refrain from discussing about trading systems in this topic. This topic mainly focuses on Psychology and Money Management of PROFITABLE TRADERS.
  • #2
  • Edited 10:17pm Apr 20, 2010 10:06pm | Edited 10:17pm
Quoting fxeturn
1) Your risk reward level.
It varies between systems, no less than 1:1
2) Your money management.
I generally look after %Risk, the rest tends to look after itself
3) Average amount of trades.
Varies, I only trade when the market gives me the signals to trade
4) Longest winning streaks.
Off the top of my head about 9 wins in a row
5) Longest losing streaks.
7 (I remember that clearly)
6) Biggest win.
+30% on a single trade
7) Biggest loss.
5.2% (Slippage)
8) Share about your Psychology management....
I am a professional trader so I must trade with a disciplined approach. I try to think about each trade in terms of averages. Say each trade averages over a year a 1.25% gain on my account, then I try to think of each trade, win or loss, making a gain on my account of 1.25%, it helps..

Sorry about the brief response, no time here, I'll try to give some more details later..

Norm
  • #3
  • Apr 21, 2010 7:23am Apr 21, 2010 7:23am
Quoting Norman1
I am a professional trader so I must trade with a disciplined approach. I try to think about each trade in terms of averages. Say each trade averages over a year a 1.25% gain on my account, then I try to think of each trade, win or loss, making a gain on my account of 1.25%, it helps..

Sorry about the brief response, no time here, I'll try to give some more details later..

Norm
Thanks man. It helps when there are profitable traders like you who are willing to share the little details as it's useful for everyone else to have realistic expectations of themselves. Your case for example, shows that losing 7 trades in a row doesn't mean you cannot be profitable in the long run. What matters is how you handled your emotion when you hit a losing streak like that. I hope there are more profitable traders in FF to share these details here and make this a good thread for everyone.

There are 1600 people online in FF now, if only 1% of traders are profitable, we should have at least 16 posts of profitable traders here...
  • #4
  • Apr 21, 2010 4:34pm Apr 21, 2010 4:34pm
Quoting fxeturn
If you have been profitable, kindly share with us on these:

1) Your risk reward level.
2) Your money management.
3) Average amount of trades.
4) Longest winning streaks.
5) Longest losing streaks.
6) Biggest win.
7) Biggest loss.
8) Share about your Psychology management.

[b]If you have not been profitable, you can comment, but do not post the details asked above. Only post the details if you have been profitable. Everyone can vote in the poll, but only honest votes please (it's a public poll).

Kindly refrain from discussing about trading systems...
I am NOT profitable, but I want to post my strategy:

1) Your risk reward level.
My risk-reward level is 100-1%, when I win, I win 1%, if I lose, my account blow up. I use a martingale system. I have blowed up 2 account till now, but I think I'm gonna be lucky this time.

2) Your money management.
What?

3) Average amount of trades.
5 per day

4) Longest winning streaks.
256

5) Longest losing streaks.
1

6) Biggest win.
23 US$

7) Biggest loss.
2300 US$

8) Share about your Psychology management.
I usually watch porn while I'm trading, it relaxes me.
  • #5
  • Last Post: Edited 6:35pm Apr 21, 2010 6:26pm | Edited 6:35pm
Quoting Trad3r
...
Thank you for my best laugh in years.
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