Funny how this thread is slowly turning into a debate of if it is possible or not… I think there are plenty of those threads/discussions out there…
Non profitable traders will say no and profitable ones will say yes, that’s the bottom line, IMHO.
Let’s try to keep this thread on topic, please, and not “bash” people in for sharing their experiences. If you don’t believe them, well… They have nothing to prove to anyone. There are some really old members here that rarely post. I think that I am learning the reason why... I am not being rude, nor disrespectful here.
I personally know 5 traders that live of trading and have been for many years now. Some of them use methods that a lot of people here would totally find a way of criticizing to death. Any tool, if used properly and judiciously in the right hands can work. Give a knife to a kid he will cut himself, give one to a sculptor and he will create a piece of art. Trading to me is almost like an art. (Just my thoughts…)
The question was:
To answer someone’s post earlier: I doubled my accounts last year, and I am heading in the same direction this year. I will not got too much into detail about my targets, but I aim for a 7% return a month. Once that is reached, I cool down a bit and see what the market will give me with a bit less of an effort. On my two week vacation from work, I managed to get a 16% return on my accounts, plus rebates I get from some of them.
I have not seen any changes in the way the currency markets move throughout the day. They have been pretty stable for my style/s of trading for quite some years now. I did notice traders switching from one futures market to another. And was forced to follow them around. I did not really like keeping up with that.
I do like to try and be prepared for any new regulation changes and anything else that will affect my bottom line. Call it what you want, but I think that this is just common sense…
I really appreciate you sharing your experiences.
Thank you again.
Sincerest regards,
Ramy3
Non profitable traders will say no and profitable ones will say yes, that’s the bottom line, IMHO.
Let’s try to keep this thread on topic, please, and not “bash” people in for sharing their experiences. If you don’t believe them, well… They have nothing to prove to anyone. There are some really old members here that rarely post. I think that I am learning the reason why... I am not being rude, nor disrespectful here.
I personally know 5 traders that live of trading and have been for many years now. Some of them use methods that a lot of people here would totally find a way of criticizing to death. Any tool, if used properly and judiciously in the right hands can work. Give a knife to a kid he will cut himself, give one to a sculptor and he will create a piece of art. Trading to me is almost like an art. (Just my thoughts…)
The question was:
DislikedHi,
I am just wondering if any of you out there actually did quit their day job to live of trading. What did you guys go through, what made you take the step? How did you deal with each new aspect of it? What where the biggest hurdles you went thru? What would you recommend doing and not doing? Are you happy with your decision? Did any of you go back to work after?
I am curios because I am actually contemplating doing this in the near future. I have been profitable for well over two years now. I trade in the day (6 to 8 hrs) and work at...Ignored
I have not seen any changes in the way the currency markets move throughout the day. They have been pretty stable for my style/s of trading for quite some years now. I did notice traders switching from one futures market to another. And was forced to follow them around. I did not really like keeping up with that.
I do like to try and be prepared for any new regulation changes and anything else that will affect my bottom line. Call it what you want, but I think that this is just common sense…
I really appreciate you sharing your experiences.
Thank you again.
Sincerest regards,
Ramy3
Fuck Forex Factory.Wake up people.
