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Are you a consistently profitable trader?

  • #501
  • Aug 1, 2012 8:29am Aug 1, 2012 8:29am
Hello all,

Consistently Profitable Traders came in for July at 44%. Will post the monthly comparison later today.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #502
  • Edited 9:03am Aug 1, 2012 8:34am | Edited 9:03am
Quoting Gobigfx
Very interesting thread so far I'm surprised so many in here are successful.
With the 95+ % of losing traders that we have all heard about, there are some questions that must be asked:

1. Was that percentage representative of newbie traders?

2. Of the profitable traders who took this poll, how long have they been trading?

3. What percentage of winners who took the poll trade using automated systems?

I'm sure more good questions are out there, but those come to mind.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #503
  • Edited 3:50pm Aug 1, 2012 3:33pm | Edited 3:50pm
And here is the poll comparison:

July's results are in!


Yes, I am currently. ................................132 43.42%

No, I have never been. ............................. 61 20.07%

Yes, I have been, but not currently..............32 10.53%

No, but I have had a profitable month. .........42 13.82%

I am still trading in a demo account. ............37 12.17%

Total Voters: .........................................304


March, April, May and June are added below:


Yes, I am currently. .............................39 51.32%........77 40.74%.........91 41.18%.........113 43.80%........132 43.42%

No, I have never been. .........................12 15.79%........43 22.75%.........47 21.27%...........54 20.93%.........61 20.07%

Yes, I have been, but not currently...........2 2.63%..........17 8.99%...........22 9.95%.............25 9.69%...........32 10.53%
No, but I have had a profitable month. ....15 19.74%.........27 14.29%.........30 13.57%...........33 12.79%.........42 13.82%

I am still trading in a demo account. .........8 10.53%.........25 13.23%.........31 14.03%............33 12.79%........37 12.17%

Total Voters: .....................................76....................189....................221......................258...................304
Trade what you see, not what you think or feel. Let the market come to you.
  • #504
  • Aug 1, 2012 3:41pm Aug 1, 2012 3:41pm
Quoting Slim Buffett
Yes, I had a similar experience. I remember it very well but not all that well.

Only we were at a strip club in Bangkok. My buddies wanted to know what trading was. I told them it was simply gambling and proved myself by placing random trades.

Even though I lost my arse, it was great fun.
At times, I want to go back and relive that time (and in fact, think I have).


Intended for humor only; please do not take offense
I wish you could 'like' posts on Forex Factory. lol
  • #505
  • Aug 2, 2012 12:37am Aug 2, 2012 12:37am
This thread poll lacks option for those who are profitable a few months, then loss a few months, then profitable a few months, then... It's call: "I'm not consistently profitable trader". Dead simple.
  • #506
  • Aug 2, 2012 1:17am Aug 2, 2012 1:17am
According to the trader explorer of ff，i would guess only 10% at best can be qualified as consistently profitable.Over the longer run，maybe less than 5%.
  • #507
  • Aug 2, 2012 9:57pm Aug 2, 2012 9:57pm
Quoting duyk20
This thread poll lacks option for those who are profitable a few months, then loss a few months, then profitable a few months, then... It's call: "I'm not consistently profitable trader". Dead simple.
The poll has its limitations for sure. Just so much is available for customizing...but, it has its merit I think.

Thanks for the comment and insight.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #508
  • Aug 2, 2012 9:59pm Aug 2, 2012 9:59pm
Quoting yuyafox
According to the trader explorer of ff，i would guess only 10% at best can be qualified as consistently profitable.Over the longer run，maybe less than 5%.
Hmm...wonder how many newbies vs. experienced traders use that Trade Explorer?

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #509
  • Aug 2, 2012 10:18pm Aug 2, 2012 10:18pm
yes i made profit for 6 months in a row in demo account and now im entering into real trade.. u can see EU wil reach 1.22247. now its price is 1.21735
  • #510
  • Aug 2, 2012 11:30pm Aug 2, 2012 11:30pm
Quoting harisince198
yes i made profit for 6 months in a row in demo account and now im entering into real trade.. u can see EU wil reach 1.22247. now its price is 1.21735
The poll is for live or demo accounts?
The Market pays you to be disciplined
  • #511
  • Aug 3, 2012 5:40am Aug 3, 2012 5:40am
Quoting mima
The poll is for live or demo accounts?
There is a question for those who may be trading with demo accounts.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #512
  • Aug 3, 2012 5:43am Aug 3, 2012 5:43am
Quoting harisince198
yes i made profit for 6 months in a row in demo account and now im entering into real trade.. u can see EU wil reach 1.22247. now its price is 1.21735
When you go live Harisince198, don't change anything...even you. Do you very best to keep your emotions unattached to your money and that P/L.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #513
  • Aug 3, 2012 5:54am Aug 3, 2012 5:54am
Quoting FX4Newbies
The poll has its limitations for sure. Just so much is available for customizing...but, it has its merit I think.

Thanks for the comment and insight.

FX4
True but it doesn't provide an option that a lot of traders face.

"No, but I have had a profitable month", I didn't choose this option because I have more than 1 profitable month, even though I'm never profitable consistently.

"No, I have never been", I've had a few months profitable in a row in the past, so, this's again not my option.

"Yes, I have been, but not currently", I've had a few months profitable in a row in the past and currently I'm profitable, so this's not my option.

The problem is that you need to define: "consistently profitable", which for me is someone who is profitable like 10, 11 months of the years.

This thread lacks options for a lot of people:"I'm not consistently profitable month in, month out" or "I'm consistently profitable for months but one losing month wipe out all my winning months"
  • #514
  • Aug 3, 2012 6:16am Aug 3, 2012 6:16am
Quoting duyk20
True but it doesn't provide an option that a lot of traders face.

"No, but I have had a profitable month", I didn't choose this option because I have more than 1 profitable month, even though I'm never profitable consistently.

"No, I have never been", I've had a few months profitable in a row in the past, so, this's again not my option.

"Yes, I have been, but not currently", I've had a few months profitable in a row in the past and currently I'm profitable,...
"No, but I have had a profitable month", I didn't choose this option because I have more than 1 profitable month, even though I'm never profitable consistently.

Then, if you have had at least 1 profitable month but not consistently profitable according the definition given, then that would be the best answer.


"No, I have never been", I've had a few months profitable in a row in the past, so, this's again not my option.

Then a trader should choose the one that best fits where they are. It's like multiple choice...choose the closest answer that is most accurate.

"Yes, I have been, but not currently", I've had a few months profitable in a row in the past and currently I'm profitable, so this's not my option.

Then this person is consistently profitable by the definition given..



The problem is that you need to define: "consistently profitable",

...and yes, it is defined.

It is difficult, maybe even impossible to come up with a reasonable pol...that doesn't take pages... that would give an option for every imaginable scenario that every trader can experience, not to mention things changing over time. This is just an attempt given the polling parameters available to provide some information about how traders are doing. Just as we don't use cars to fly (except maybe in movies): they are a mode of transportation yes, but with design limitations and intended to be used on the road/land, take the poll for what it can give. Just can't get blood from beets...

Take care,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #515
  • Aug 4, 2012 2:24am Aug 4, 2012 2:24am
Best option is not conducting poll . Lots of scammers just say they are doing in live although they operate at demo . So its best to post screen shots on thread .
  • #516
  • Aug 4, 2012 11:54am Aug 4, 2012 11:54am
Quoting FX4Newbies
With the 95+ % of losing traders that we have all heard about, there are some questions that must be asked:

1. Was that percentage representative of newbie traders?

2. Of the profitable traders who took this poll, how long have they been trading?

3. What percentage of winners who took the poll trade using automated systems?

I'm sure more good questions are out there, but those come to mind.

FX4
I still don't believe these numbers are accurate
  • #517
  • Aug 4, 2012 8:00pm Aug 4, 2012 8:00pm
Quoting Shane12012
Best option is not conducting poll . Lots of scammers just say they are doing in live although they operate at demo . So its best to post screen shots on thread .
Don't know...if the majority of people out there are scammers then we all are in a heap of trouble. I choose to believe there are enough honest ones out there to gain some kind of trustworthy poll responses....which, by the way, come in very close to what the brokers are reporting as well. Mentioned that more than once in prior polls.

Take care.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #518
  • Aug 4, 2012 9:09pm Aug 4, 2012 9:09pm
Quoting FX4Newbies
There is a question for those who may be trading with demo accounts.

FX4
"I am still trading in a demo account."

This does not assume that rest of statements in poll are related to live account...Poll should be clearly specified that is either for live or demo acount...not mixed at all....

Therefore poll is null!!!!
The Market pays you to be disciplined
  • #519
  • Edited 1:39am Aug 5, 2012 12:09am | Edited 1:39am
Quoting mima
"I am still trading in a demo account."

This does not assume that rest of statements in poll are related to live account...Poll should be clearly specified that is either for live or demo acount...not mixed at all....

Therefore poll is null!!!!
The definition given for consistently profitable is very specific. If someone is trading using a Demo Account that is added information...by definition that person is not considered consistently profitable. It was an option so that information can be gathered about the cross-section of traders and adequate and realistic options given for the traders that may view it. I thought that leaving it out would not be ideal as I also wanted to account for those still trading in Demo Accounts. The information and percentages for Live Accounts only can still be calculated as the other questions are related to Live Accounts.

I do see your point, but my intention was to make it as straightforward as possible and collect as much data as possible...and at the same time, keep it simple.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #520
  • Aug 5, 2012 7:04am Aug 5, 2012 7:04am
Quoting FX4Newbies
The definition given for consistently profitable is very specific. If someone is trading using a Demo Account that is added information...by definition that person is not considered consistently profitable. It was an option so that information can be gathered about the cross-section of traders and adequate and realistic options given for the traders that may view it. I thought that leaving it out would not be ideal as I also wanted to account for those still trading in Demo Accounts. The information and percentages for Live Accounts only can...
Demo account = NO PROFIT it's demo, so I think we all assume this is live.

Ofcourse everybody lies including the brokers very few people are profitable, accept that and move on, much less than this pole would infer.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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