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Consistent Income from trading is a myth

  • #61
  • Sep 11, 2016 9:51pm Sep 11, 2016 9:51pm
Quoting Igrok
{quote} i posted my very first message here only yesterday after almost 6 years of being away from this forum and just enjoying my life and trading my own money from time to time out of leisure... and i came back to FF only because i was personally asked to do so by some of my former students... i can't see any reason why i shouldn't help them to navigate through some tough market times... i'm also quite sure that most of the so called "institutional traders" you refer to (though i used to be one of them) are for the most part a bunch of losers...
What are you even saying. You have added nothing of value to this thread but blaberbast how important and smart you are but you have said nothing lol

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  • #62
  • Sep 11, 2016 10:18pm Sep 11, 2016 10:18pm
Quoting Gobigfx
{quote} What are you even saying. You have added nothing of value to this thread but blaberbast how important and smart you are but you have said nothing lol {image}
sure... the most valuable statement in this thread so far certainly came from you buddy (soliciting for his services) about the markets being random...)))) so, there is no value in this thread from the very beginning...
  • #63
  • Sep 11, 2016 11:52pm Sep 11, 2016 11:52pm
Only brokers and those selling some trading related products will claim that consistent Income from trading is not a myth
  • #64
  • Sep 12, 2016 1:40am Sep 12, 2016 1:40am
Quoting Dr.Phoenix
{quote} Markets are well organized and controlled in 90% of the time, the other 10%s are for global events, let's say, wars, floods and so on, third powers, unexpectedly involving new parameters into markets. Markets have structures; yeah, different markets have different structures, but each market has the controlled structure - its range, behaviour, BBs in agreement and so on. Best D.P.
In what percent of the time can you make actionable decisions on the direction of the market?
  • #65
  • Sep 12, 2016 4:16am Sep 12, 2016 4:16am
Quoting alexpi
{quote} In what percent of the time can you make actionable decisions on the direction of the market?
Almost all the time when I see the probability is at my side.
However sometimes I am getting into bad situations and having DD, but I have some methodologies either to decrease DD much or to get a small loss (if the really bad situation takes place); the other trading situations are profitable.

Some latest statistics is below.
I have erased the absolute values.

Best
D.P.
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Hunting High and Low
  • #66
  • Sep 12, 2016 4:22am Sep 12, 2016 4:22am
In my opinion it is possible, but it happens so rarely and to so few people that setting off with the idea that you'll be one of those consistently profitable traders is unrealistic.
  • #67
  • Sep 12, 2016 4:46am Sep 12, 2016 4:46am
Quoting mlawson71
In my opinion it is possible, but it happens so rarely and to so few people that setting off with the idea that you'll be one of those consistently profitable traders is unrealistic.
So you my friend are doomed from the onset. look for another job!
Let it turn and find your entry.
  • #68
  • Sep 12, 2016 4:47am Sep 12, 2016 4:47am
Quoting Gobigfx
{quote} What are you even saying. You have added nothing of value to this thread but blaberbast how important and smart you are but you have said nothing lol {image}
So not even a half decent attempt to define what you mean by "Random".
It's interesting that someone would hire you to do a job that the results are guaranteed to be random, what a pity.
Let it turn and find your entry.
  • #69
  • Sep 12, 2016 7:16am Sep 12, 2016 7:16am
Quoting Intrepidpips
{quote} So not even a half decent attempt to define what you mean by "Random". It's interesting that someone would hire you to do a job that the results are guaranteed to be random, what a pity.
Yes its a pity that I produce 6 figure returns regularly for the company that I work for lol.
  • #70
  • Sep 12, 2016 7:25am Sep 12, 2016 7:25am
Quoting Gobigfx
{quote} Yes its a pity that I produce 6 figure returns regularly for the company that I work for lol.
This thread is a bloody waste of time. Adios
Let it turn and find your entry.
  • #71
  • Sep 12, 2016 2:28pm Sep 12, 2016 2:28pm
Quoting Intrepidpips
{quote} This thread is a bloody waste of time. Adios

Don't let the don't hit your ass on the way out bye bye lol
  • #72
  • Sep 12, 2016 3:44pm Sep 12, 2016 3:44pm
Profitability is always going to be relative to the method used in pursuit of those profits. It is impossible to apply the slope of one equity curve to the slope of another equity curve without also comparing the efficacy of both methods used to grow equity. So, while I understand the content of the video, I think the Video OP really misses the broader point. The VOP's equity curve appears they way it does because of his approach to the markets. If a different equity curve had been posted without the long lag between equity growth levels, then the title of the video could very well have been "Why Trading Is The Perfect Way To Generate Consistent Profits."

Equity curves are always going to be highly subjective and highly dependent trading performance indicators and can never be a one size fits all definition for the efficiency in producing profits for all trader.
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #73
  • Sep 12, 2016 5:09pm Sep 12, 2016 5:09pm
Markets are random right hahahahahah ahhahaahha really believable.
It's in fear when people show what they truly value.
  • #74
  • Sep 12, 2016 5:32pm Sep 12, 2016 5:32pm
The GBP move during the Brexit vote wasn't random, and that was one of the best forex trade opportunities in the last year imho.
  • #75
  • Sep 12, 2016 8:27pm Sep 12, 2016 8:27pm
Quoting FxLogix
Profitability is always going to be relative to the method used in pursuit of those profits. It is impossible to apply the slope of one equity curve to the slope of another equity curve without also comparing the efficacy of both methods used to grow equity. So, while I understand the content of the video, I think the Video OP really misses the broader point. The VOP's equity curve appears they way it does because of his approach to the markets. If a different equity curve had been posted without the long lag between equity growth levels, then the...
That's funny because we work with 20 other extremely successful traders (probably the best in the world all averaging 7 figure incomes) and although sample size will effect the slopes over the short term over the long term we all have the same curves and we all use different trading models.

Any professional trader (institutionally trained) will agree we are slaves to volatility. Which means that markets are random until Volatility increases only then do they become directionaly more reliable for short term gains.
  • #76
  • Sep 13, 2016 5:13am Sep 13, 2016 5:13am
Quoting Intrepidpips
{quote} So you my friend are doomed from the onset. look for another job!
Not necessarily. It's not something that one can achieve overnight, that's my point. It takes a long time and a lot of effort to get there and many people give up before they're able to get to that point.
  • #77
  • Sep 13, 2016 7:51am Sep 13, 2016 7:51am
Hey guys,

Certainly will be losing days, good news is that simple position sizing and money management preservation will help with the enviable failure to accurately make predictions. Its amazing how simple it can be but people want instant gratification, are you willing to be patient? Patience is one of the Cardinal virtues


As long as trader are correct sometimes, and have a system designed to capitalize on these few times. Then long term success may follow.. I'm so happy to make 10-20% every once in a while while losing half a % a handful of times in a row from simple study of volatility and knowing WHEN the market will move seconds before it does.. so simple.

Screenshot from moments ago.. can't lose a thing after seconds of placing trade, and profits on the run.
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  • #78
  • Sep 16, 2016 5:02am Sep 16, 2016 5:02am
The markets are not random at all.If you knew what went on with the institutional traders you would understand 100% as to whats happening and what should happen at any given time.If you`ve never heard of or studied institutional algo`s you would think they`re random.If you knew that there are market makers within the institutions who are not there to trade to make money but merely to provide liquidity to bring the market around before they hand the market over to the institutiuonal TRADERS you would see through what everyone considers to be random.The only thing that upsets the market is when UNEXPECTED news hits the wire and nothing else,Everything else is entirely predictable if you know whats happening,Who`s actually in control of the market and at what time.
Ever considered how hedge funds make money?How do you think thousands of floor traders working for the same institution all make money.There is not a flashing red or green arrow telling them when to buy or sell - everyone would have hold of that in 5 minutes and have it out to the retailers,No those thousands of floor traders know what to expect at what time and exactly when to get in,They follow the different algo pattern for the day,staying out when the market makers are busy and getting in with the institutional traders.This is a fact not,not a thumbsuck..Think about it for a while
  • #79
  • Sep 17, 2016 1:03pm Sep 17, 2016 1:03pm
Quoting Revs1
The markets are not random at all.If you knew what went on with the institutional traders you would understand 100% as to whats happening and what should happen at any given time.If you`ve never heard of or studied institutional algo`s you would think they`re random.If you knew that there are market makers within the institutions who are not there to trade to make money but merely to provide liquidity to bring the market around before they hand the market over to the institutiuonal TRADERS you would see through what everyone considers to be random.The...
This is true. Although I would say the market makers are absolutely there to make money (as well as provide liquidity). Their preferred market is a ranging market where the can control their risk between a small band. When an institution comes in with a massive order thats going to move the market they do not want to take that position and be left with holding the bag . They either withdraw their liquidity or take on some of the order and hedge on the futures.
Say its a big buy order and market starts to move up rapidly as liquidity is withdrawn, sellers get stopped out and therefore become buyers further moving the market up. It only starts to slow down once the market goes into the next level of liquidity or the institutions start to take profits. This is when you start to see the candle bars start to compress.
Boxing clever since 76.
  • #80
  • Sep 19, 2016 4:42am Sep 19, 2016 4:42am
Quoting Revs1
The markets are not random at all.If you knew what went on with the institutional traders you would understand 100% as to whats happening and what should happen at any given time.If you`ve never heard of or studied institutional algo`s you would think they`re random.If you knew that there are market makers within the institutions who are not there to trade to make money but merely to provide liquidity to bring the market around before they hand the market over to the institutiuonal TRADERS you would see through what everyone considers to be random.The...
Nice to see someone on FF that knows what they are talking about. If this guy is a professional trader, he would know that the markets are not random. He thinks they are because his indicators work some of the time, and some of the time they don't work. When his indicators are not working hes sees this as random market behavior. The market is very structured, and if you know what you are looking for you can see its structure and profit from it. Anyone that says the markets are random does not know how they work.
Sow the seeds of knowledge, and watch them grow into success.
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