Are you a consistently profitable trader? | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone consistently profitable using Expert Advisors? 45 replies

How to be consistently profitable... but I bet you won't do it 65 replies

How long did it take to become consistently profitable? 117 replies

Your consistently profitable trading style 37 replies

Consistently Profitable Signal Journal: Simple, Low Maintenance Gains 0 replies

Attachments: Are you a consistently profitable trader?
Exit Attachments

Are you a consistently profitable trader?

  • #521
  • Aug 5, 2012 10:45am Aug 5, 2012 10:45am
Quoting Turveyd
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.
You make a good point there Turveyd...Demo = No Profit.

Yes some will lie, but here is the most we can ask for...from my first post:

Hopefully we'll get some honest feedback.

Thanks in advance,

FX4...

Maybe that is one of the reasons most polls and surveys etc. have a margin of error.

Thanks for the comment,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #522
  • Aug 5, 2012 9:37pm Aug 5, 2012 9:37pm
wow,,,, a lot of people will become the new rich from this forum
i do not believe it

I personally trading currency for fun
i trade only 10% of my income per month

and I have had a profitable month.
but sometimes not
and sometimes
I have had a profitable year

wen
  • #523
  • Aug 6, 2012 9:46pm Aug 6, 2012 9:46pm
Quoting FX4Newbies
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
yes you are correct...ill keep my emotions in my control..
  • #524
  • Aug 7, 2012 3:14pm Aug 7, 2012 3:14pm
I have been trading for 2 years, almost full time. Both live and demo. I blew many accounts, I made many mistakes. I learned from it and started to trade on technicals R/R, accurate entries, you name it. I'M STILL NOT WINNIG. I losing money slowly.

As far as I see, it's almost impossible to be profitable, and I will tell you why:

1) spreads are way too high compared to institutional forex traders and real futures markets. They think in 1-2-3 cent stops, my spread is 5 cents?! How am I even supposed to win? Small swings are so small you cant even take out your profit is set up a decent R/R. Ok, lets say you switch to a bigger time fram (5min) you will still get stopped out with 10 cents, while in the real market a trader can try 10 entries with 1 cent stops. NO CHANCE.

2) if you try to trade on an even bigger time-frame (15min.-1H-4H) you will be stopped out thanks to volatility. You place a 30 pip stop and a 60 pip profit target, the price will go to +20 than 10, than 30 than back to 10, up to 35 than back to -10.... you will get out much sooner than your profit tartget.... keeping such a volatile position is pure luck which stop it is going to get first.

3) if you trade on a daily chart, thats better. Forget stocks, they gap a lot, might gap even 3x as much as risk you wanted to accept.


I think I could trade the SPY on a daily basis, I made a "system" with very good accuracy but I would need $10.000 which I don't have (doh...)


I just don't see how retail forex traders make money. Most of them look like suckers and they probably are. Please prove me wrong BUT if you haven't REALLY, I said REALLY made REAL money in retail forex, please keep your bullsh!t, we have enough of it already.

Thanks, bye!
  • #525
  • Aug 7, 2012 3:20pm Aug 7, 2012 3:20pm
Quoting G.p.
I have been trading for 2 years, almost full time. Both live and demo. I blew many accounts, I made many mistakes. I learned from it and started to trade on technicals R/R, accurate entries, you name it. I'M STILL NOT WINNIG. I losing money slowly.

As far as I see, it's almost impossible to be profitable, and I will tell you why:

1) spreads are way too high compared to institutional forex traders and real futures markets. They think in 1-2-3 cent stops, my spread is 5 cents?! How am I even supposed to win? Small swings are so small you cant even...
If you trade the DAX ( GER30) through FXCM you'll get 1 pip spreads and it's a mover to, twice the pip range of GU for instance.

4pip spread on the SPY, moves 100pips per day at $1 per pip with a $200 account and some compounding it's not impossible to turn it into enough to live off in pretty short order.

Ofcourse you need a natural day trade instinct I'm teaching myself though very few have it natural, met 1 recently which does so it's possible, but HARD and there are very very few.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #526
  • Aug 7, 2012 3:37pm Aug 7, 2012 3:37pm
Forex only, no stops, no charts and no losses!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Oanda1.gif Size: 6 KB
Trade Garlic
  • #527
  • Aug 7, 2012 3:48pm Aug 7, 2012 3:48pm
Quoting Turveyd
with a $200 account and some compounding it's not impossible to turn it into enough to live off in pretty short order..

How?
  • #528
  • Aug 7, 2012 3:50pm Aug 7, 2012 3:50pm
When I was about to check the poll I already had strong feelings a bunch of delusional traders clicked the consistent profit button.

Give me a break, 44% of all voters claiming to be consistently profitable, month in, month out, for over 4-6 months ( seeing its consistent ) on a real account?

So far for the well known painful statistics of traders that succeed...
If you gave your honest vote and are really winning on a consistent base congratulations to you. The majority is most likely fooling themselves / need to give their self confidence a boost. Word of advice, It wont help you this way.
  • #529
  • Aug 7, 2012 3:54pm Aug 7, 2012 3:54pm
Quoting Robertk
When I was about to check the poll I already had strong feelings a bunch of delusional traders clicked the consistent profit button.

Give me a break, 44% of all voters claiming to be consistently profitable, month in, month out, for over 4-6 months ( seeing its consistent ) on a real account?

So far for the well known painful statistics of traders that succeed...
If you gave your honest vote and are really winning on a consistent base congratulations to you. The majority is most likely fooling themselves / need to give their self confidence...
Don't worry, I voted no.
  • #530
  • Aug 7, 2012 4:02pm Aug 7, 2012 4:02pm
Quoting G.p.
Don't worry, I voted no.
That's fine It just pisses me off that the majority is underlining their win's and "amazing" pip counts all over the forum. I am not pissed for being breakeven myself, but rather about the fact that only a couple of people are aware that losing is part of the game and that this should be acknowledged on the forum.

Losing is part of the game and will increase your learning curve. Its nothing to be ashamed of. People need to learn to not be delusional. It will surely help their fellow traders on these boards.
  • #531
  • Aug 7, 2012 4:03pm Aug 7, 2012 4:03pm
Quoting Robertk
That's fine It just pisses me off that the majority is underlining their win's and "amazing" pip counts all over the forum. I am not pissed for being breakeven myself, but rather about the fact that only a couple of people are aware that losing is part of the game and that this should be acknowledged on the forum.

Losing is part of the game and will increase your learning curve. Its nothing to be ashamed of. People need to learn to not be delusional. It will surely help their fellow traders on these boards.
Once I thought I was break-even, when I was losing money Just sayin'
  • #532
  • Aug 7, 2012 6:44pm Aug 7, 2012 6:44pm
Quoting G.p.
How?

If you think your going to crack this, by me telling you How! then you've got no chance sorry.

This is a game, you've pretty much got to learn by yourself, so few people can actually trade your better off, although there is well 1 I've found I trust can actually trade so far.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #533
  • Aug 7, 2012 6:47pm Aug 7, 2012 6:47pm
Quoting G.p.
Once I thought I was break-even, when I was losing money Just sayin'

I have months of profitable then I fall off the wagon and have periods of loss.


1 bit of advice, ALWAYS go with the market, never fight against it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #534
  • Aug 8, 2012 12:07am Aug 8, 2012 12:07am
Quoting Turveyd
I have months of profitable then I fall off the wagon and have periods of loss.


1 bit of advice, ALWAYS go with the market, never fight against it.

very agree with
1 bit of advice, ALWAYS go with the market, never fight against it.

but,, but
definition of the trend
different in each person

peace
  • #535
  • Aug 8, 2012 1:41am Aug 8, 2012 1:41am
Quoting Turveyd
If you think your going to crack this, by me telling you How! then you've got no chance sorry.

This is a game, you've pretty much got to learn by yourself, so few people can actually trade your better off, although there is well 1 I've found I trust can actually trade so far.
I don't think you should to tell me how to win but if you were a winning trader could tell me how exactly you came up with your trading plan. If it's based on "instinct" I'm pretty bad at it. At least when it comes to day-trading. On a daily chart I'm a lot better.
  • #536
  • Aug 8, 2012 2:27am Aug 8, 2012 2:27am
Quoting G.p.
I don't think you should to tell me how to win but if you were a winning trader could tell me how exactly you came up with your trading plan. If it's based on "instinct" I'm pretty bad at it. At least when it comes to day-trading. On a daily chart I'm a lot better.
Funny thing is I have no greed or fear left at all, I have discipline to wait for the trades and apply proper risk control. That's not the issue here.

Yesterday I was trading the DAX on 1min. I placed trades with 1:1 R/R so basicly I had 50% either to win or lose. I nailed the loss 7 times in a row. I so good at it, it amazes me!

When I place a trade with 1:2 R/R I got stopped out 90% of the time. Support doesn't matter, resistance either, nor trend! LOL
  • #537
  • Aug 8, 2012 2:43am Aug 8, 2012 2:43am
Quoting G.p.
Funny thing is I have no greed or fear left at all, I have discipline to wait for the trades and apply proper risk control. That's not the issue here.

Yesterday I was trading the DAX on 1min. I placed trades with 1:1 R/R so basicly I had 50% either to win or lose. I nailed the loss 7 times in a row. I so good at it, it amazes me!

When I place a trade with 1:2 R/R I got stopped out 90% of the time. Support doesn't matter, resistance either, nor trend! LOL
I know what trend trading is. It simple: buy on backtests and support in an uptrend and the opposite in a downtrend. The problem is: there is no trend now, the market is choppy like hell. I don't see how anyone can make money in this.
  • #538
  • Aug 8, 2012 2:56am Aug 8, 2012 2:56am
Quoting G.p.
I know what trend trading is. It simple: buy on backtests and support in an uptrend and the opposite in a downtrend. The problem is: there is no trend now, the market is choppy like hell. I don't see how anyone can make money in this.
I guess there is one conclusion to all this: if you can find a recurring pattern (tendency, trend) than you can trade it with proper R/R management. Everything else is futile.
  • #539
  • Aug 8, 2012 2:58am Aug 8, 2012 2:58am
Quoting G.p.
Funny thing is I have no greed or fear left at all, I have discipline to wait for the trades and apply proper risk control. That's not the issue here.

Yesterday I was trading the DAX on 1min. I placed trades with 1:1 R/R so basicly I had 50% either to win or lose. I nailed the loss 7 times in a row. I so good at it, it amazes me!

When I place a trade with 1:2 R/R I got stopped out 90% of the time. Support doesn't matter, resistance either, nor trend! LOL

I trade dax sl 7-12 tops i get 40 moves you need to rethink your entrys get over 50% win rate to.

Sometimes i get 3 its all about trading with the right short term direction.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #540
  • Aug 8, 2012 7:23am Aug 8, 2012 7:23am
Quoting Turveyd
I trade dax sl 7-12 tops i get 40 moves you need to rethink your entrys get over 50% win rate to.

Sometimes i get 3 its all about trading with the right short term direction.
Pealse proceed. What is your general TP in pips, what does it depend on, and how you determin the short term direction. Hope it's not a secret.
2 traders viewing now