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I have a profitable trading strategy. Should I quit my job?

  • #141
  • Mar 5, 2014 1:17am Mar 5, 2014 1:17am
Quoting charvo
not sure why with such a loser mindset one still choose to stay in FF...... must be due to his golden heart to wake up stupid newbies, lol really, how can you make it without faith? {quote}
The real question here is why are YOU still here since year 2006, if you can't make a living in this, and will never do one with this kind of scheme.

It's not about being Negative or pessimistic. It's about FACTS... Mathematical FACTS.

You cannot pretend to make a living long term in a Gambling Scheme.

You are free to develop your faith all you want, but that is not going to change the FACT that you are dealing with a gambling scheme.

Ciao.
The Black Swan: The Impact of the Highly Improbable
  • #142
  • Mar 5, 2014 12:36pm Mar 5, 2014 12:36pm
Quoting MapleLeaf
{quote} The real question here is why are YOU still here since year 2006, if you can't make a living in this, and will never do one with this kind of scheme. It's not about being Negative or pessimistic. It's about FACTS... Mathematical FACTS. You cannot pretend to make a living long term in a Gambling Scheme. You are free to develop your faith all you want, but that is not going to change the FACT that you are dealing with a gambling scheme. Ciao.
Ding, ding, we have a winner, well said..
  • #143
  • Mar 5, 2014 3:59pm Mar 5, 2014 3:59pm
you two above come showing the upper limit of your IQ......

even if i'm a loser, it is neither logical, not statistical to conclude your 'fact'.

you seeing no winner here, or no winner cares stupid requests from you, does not mean there is no winner.

now that we understand your low upper limit of your IQ, please re-read my line above, is it wrong?

look, if you so sure, you should issue a public bet of 100000$ to buy a verified trade records. why not?
  • #144
  • Mar 5, 2014 5:53pm Mar 5, 2014 5:53pm
So back to topic:
Who has a profitable strategy?

I do.
I'm not going to quit my job. I like what I do, and I like to gamble on the Euro.

Anyone else?

Zane
Zane
  • #145
  • Mar 5, 2014 5:56pm Mar 5, 2014 5:56pm
P.S. I'm still in a position draw down but things are coming round

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Zane
  • #146
  • Mar 5, 2014 6:30pm Mar 5, 2014 6:30pm
Something is going to pop. Giving this intra-bar divergence system gives up at lease 1 solid trade per day, it hasn't had an entry for 5 days. Two winners, 5 days ago and one failure 3 days ago. No extremes to be found on the one hour so NFP should shake things up.

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The 5/81 is a different story with several fine opportunities to pocket some change. First red entry fell short of trigger so we reversed for a long for 13 points. Our second short found the 16 point target noted from the first short failure. And we are now in a short position for a 51 point target (white line.) If we get a reversal we'll wait for confirmation and keep a tight stop.

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Green pips to all

Zane
Zane
  • #147
  • Mar 5, 2014 10:45pm Mar 5, 2014 10:45pm
great post Zane.
  • #148
  • Mar 6, 2014 2:57am Mar 6, 2014 2:57am
What do you like more trading or doing your job?
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #149
  • Mar 6, 2014 4:00am Mar 6, 2014 4:00am
Be ready to adapt your system.... 0% chance this system will make you money year over year for the extent of your "career". Market conditions are ever changing, so be ready to commit to constant management of the system parameters.

I made the same decision 8 years ago, and I have never looked back.

Its the biggest risk you can take, lucky for me I was a young twenty something bachelor at the time! I would personally not give up the security of a steady income with a wife and kids... It took me 5 years to maintain a steady income from trading once I left my full time job. This was mainly due to two factors: 1) I had to learn that my trading system always had an expiration date before it needed to be adjusted for current market conditions, and 2) relying on trading as your only source of income adds 10000000% more stress.

There is nothing like knowing your rent, next meal, car payment etc... Is at risk every trade you take. If you can survive under these circumstances you are in the 1% of 1% of traders that actually have what it takes to live off their own trading. Remeber - most professionals don't have their own capital at risk. Institutional jobs in trading are often risking firms capital, and this takes most the pressure of a trader ( trade institutionally now as well, and you don't trade someone else's money the same way either, psycologically its different).

Just my two cents and experience.... But I would have a couple years living expenses tucked away if you do quite your job... The market is a cold place.... It can take away much faster than it gives.
  • #150
  • Mar 7, 2014 3:52am Mar 7, 2014 3:52am
Quoting Yuri57
What do you like more trading or doing your job?
Sure, I like trading most.
If you have a winning strategy that works 98%-99%, what you need is only to manage the risk not to lose too much in one time. I think after 44 months trading experience and almost 3 years profiting trading, now I can manage the risk to beat the market well. I will wait one more year to lsee whether I am about to make it.

Thanks .
  • #151
  • Mar 7, 2014 8:36pm Mar 7, 2014 8:36pm
And pop it did!! Yesterday 11GMT Reversal...no trail just follow the simple 5/81 green candle good for 22.

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Today the 15 minute intra-bar showed promise at two extreme points with two solid trades, 8:00 GMT & 11:45 GMT worth 16 points.

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Zane
  • #152
  • Mar 14, 2014 8:05pm Mar 14, 2014 8:05pm
Quoting MapleLeaf
{quote} The real question here is why are YOU still here since year 2006, if you can't make a living in this, and will never do one with this kind of scheme. It's not about being Negative or pessimistic. It's about FACTS... Mathematical FACTS. You cannot pretend to make a living long term in a Gambling Scheme. You are free to develop your faith all you want, but that is not going to change the FACT that you are dealing with a gambling scheme. Ciao.
you see most of members not getting your point about (forex is gambling) because of small things only you show them (us) what we are not ready to hear it.

i know people who live in gambling only so living on gambling, cheating, requesting people from some money believe me you can do living on (almost every thing) but the main question is (HOW)

my advice for you is do one thread with statistic about why do people loss in forex,what is the scams and let them decide

if we are stupid that much what you can do more ?!!
  • #153
  • Mar 15, 2014 2:26am Mar 15, 2014 2:26am
Quoting hamedmohd
{quote} you see most of members not getting your point about (forex is gambling) because of small things only you show them (us) what we are not ready to hear it. i know people who live in gambling only so living on gambling, cheating, requesting people from some money believe me you can do living on (almost every thing) but the main question is (HOW) my advice for you is do one thread with statistic about why do people loss in forex,what is the scams and let them decide if we are stupid that much what you can do more ?!!
A lot of people get it... The only ones not getting it (or pretending to don't get it) are the ones who are not happy with someone like me here telling the TRUTH to everyone.

They are part of the scheme (either selling programming, private forums memberships, gathering clients, paid posters by the brokers, etc etc)...

It's all pretty clear here. You can't hide the Sun with one finger.

All said.
The Black Swan: The Impact of the Highly Improbable
  • #154
  • Mar 15, 2014 2:59am Mar 15, 2014 2:59am
Quoting MapleLeaf
{quote} A lot of people get it... The only ones not getting it (or pretending to don't get it) are the ones who are not happy with someone like me here telling the TRUTH to everyone. They are part of the scheme (either selling programming, private forums memberships, gathering clients, paid posters by the brokers, etc etc)... It's all pretty clear here. You can't hide the Sun with one finger. All said.
i agree with you 90% but what you are doing it is wrong that only showing the dark side of forex
i know a company that yearly was gave you around 120% of your capital and it was working for years but in from 2001-2008 they lose all the money the they are chased now from police - i think the main problem was not from the company it was from people how with out any study or understand throw all there saving money into that company account and the second mistake was they was spending all the profits like the company printing a money with out any risk

i knew anther guy who keep piece of his saving with the company and with the profits he build his house and start a small business - and when the company lose all the accounts he didn't have that problem because he save and invest the profits nicely

-----

the main problem it is from people
now we have another booming in Dubai due to Expo 2020 the stock market going crazy last year all every person in United Arab Emirates start investing on it
and as per i have experience in the market always the seek an advice from me no body (is and will) listen you me
and if there account double or triple they will not withdraw any cash and when the market crash they will lose all there money and blame the market

then they will start searching in forums about why and what happened
  • #155
  • Mar 15, 2014 5:00am Mar 15, 2014 5:00am
some people separate job, happiness, family, etc,
some unite the job with family, other doing their job because it is their hobby, etc
so if we searching reason to quit from our current job, we should not quit from our job, because the reason it self is a negation, which is half way to nothingness
but if we think there is something better to do, then we might think to abandon the unnecessary burden.

laziness is a way of nature to preserve some energy, but might not for our well being.
  • #156
  • Mar 31, 2014 8:50am Mar 31, 2014 8:50am
Hi I am the beginner to forex & forexfactory and hope to share my feeling too. I do agree that people need to have a dream! this give us the motivation to move forward. I do have the same dream too, but I plan to quit my work 5-10years later. My trading plan is talking about 5-10years, it take me to the financially freedom.
  • #157
  • Mar 31, 2014 1:15pm Mar 31, 2014 1:15pm
Be ready to adapt your system.... 0% chance this system will make you money year over year for the extent of your "career". Market conditions are ever changing, so be ready to commit to constant management of the system parameters.

The market is a cold place.... It can take away much faster than it gives.
  • #158
  • Apr 24, 2014 1:09am Apr 24, 2014 1:09am
Small advice : Follow your brain NOT your heart. Your heart is stupid like shit
  • #159
  • Apr 24, 2014 9:17am Apr 24, 2014 9:17am
Quoting Syukron
Small advice : Follow your brain NOT your heart. Your heart is stupid like shit
The heart is not a stupid organ it is just not meant for thinking, that is why you have the brain, although quite useless for a lot of people... If you think a heart is stupid try pumping blood with your brain...
  • #160
  • Apr 25, 2014 5:49am Apr 25, 2014 5:49am
I wouldn't quit my job even if I had a profitable strategy.
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