1 year profitable trading goal | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Controlling Emotions is Not the Goal of Trading Psychology 5 replies

Why is demo trading more profitable than live trading? 45 replies

Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies

Trader's 1 Year Rehab goal 10%-20% monthly return 3 replies

My trading strategy and life goal 17 replies

Attachments: 1 year profitable trading goal
Exit Attachments

1 year profitable trading goal

  • #1,181
  • Sep 18, 2016 9:35pm Sep 18, 2016 9:35pm
Quoting Peruvian80
{quote} Hello, dont blocked her, i think she has an interesting method, i think we should decide if we can learn or not from her. let her be on this thread. we know that ff are full of liers, and its very hard to find someone how is really profitable on time, but not just profitable, profitable for living, you can be 1% profitable in 1 year, and that what personally im not looking. we should have all the possibilities open. I think fisher has an interesting method, but she also had 53% profit and then has almost 6% profit in a few days, so that...
Fisher755 will need to agree leave personal agenda's out of this thread in order to be unblocked.

Is Fisher755 profitable? Just because someone says they are trading full-time and don't have a job, does not mean they are profitable, or have any sort of successful track record as a trader.

When someone starts bragging about their success and promoting a strategy, after only a month or 2, that is clearly a red flag. Any experienced trader knows it takes much longer than even a few months to verify that one can be successful as a trader.
  • #1,182
  • Sep 18, 2016 10:13pm Sep 18, 2016 10:13pm
I also do not think someone who risked 10% on a single trade, and also has a maximum losing streak of 13 trades in a row, has any business promoting a strategy after several weeks.

Why? Because if someone is willing to risk 10% of their account, and can have a losing streak of 10 or more trades, obviously they are at risk of blowing their account.

Oh, but they can just add money to their account, right? Because they don't keep all their money to trade with in there. Okay, then. So what? Still, they have to prove that after one year, they'll come out ahead, since every time you add money to make up for a draw-down it does not erase the draw-down from your TE, unless you start over. If you start over, then what? Well, it will just take longer to prove that your strategy will work.

I'm glad for anyone's success so far, and wish everyone the best moving forward, even Fisher755. However, I think it's a little premature to latch on to any strategy, as if there is any proof that it can work.

Again, that is the whole point of this thread, to let everything play out and stand the test of time. I mean Fisher755 is ready write me off as loser, needing to change my approach, and learn the strategy they are promoting, just because I have draw-down after less than 2 months.

I'm not ready to give up yet, and start jumping all over the place trying to learn a new strategy. I've traded now for almost 5 years, and know what I need to fix, in order to reach 1 year profitability, and I hope I can do it, we'll see...
  • #1,183
  • Sep 18, 2016 10:33pm Sep 18, 2016 10:33pm
Quoting benaiah
I also do not think someone who risked 10% on a single trade, and also has a maximum losing streak of 13 trades in a row, has any business promoting a strategy after several weeks. Why? Because if someone is willing to risk 10% of their account, and can have a losing streak of 10 or more trades, obviously they are at risk of blowing their account. Oh, but they can just add money to their account, right? Because they don't keep all their money to trade with in there. Okay, then. So what? Still, they have to prove that after one year, they'll come...
Pardon me, i think he has good intentions. But, you got a point being 2 months in the red doestnt mean you doomed to fail. Just to encourage you, i put my previous test account which been in red early in my trade explorer. I test my algo in small live account, not every branch just some I think got something. Despite the adjustment i made here and there, in the end i manage to withdrew some profit. The process is what important there. No money left there, but the history still there. Just dont give up, but imho learning something new wont hurt.
  • #1,184
  • Sep 18, 2016 10:41pm Sep 18, 2016 10:41pm
Quoting Passerby
{quote} Pardon me, i think he has good intentions. But, you got a point being 2 months in the red doestnt mean you doomed to fail. Just to encourage you, i put my previous test account which been in red early in my trade explorer. I test my algo in small live account, not every branch just some I think got something. Despite the adjustment i made here and there, in the end i manage to withdrew some profit. The process is what important there. No money left there, but the history still there. Just dont give up, but imho learning something new wont...
okay, thanks for your input.

I have no problem learning. If you check my homepage, it says "never stop learning". But my point was this - why should I put forth effort to learn a whole new strategy from yet another stranger here on FF who has no sustained track record that what they are doing will stand the test of time?

I took a look at the PVS... whatever it is. I'm not impressed. The chart with all the indicators makes my head spin. Not something I'll waste any time trying to learn. I like clean charts, and simplicity....
  • #1,185
  • Sep 18, 2016 10:44pm Sep 18, 2016 10:44pm
I took a long trade on gbpnzd. Let's see if it works. A tight SL, not risking much... Don't have TP yet, but if it takes off, would like to target 200-300 pips towards last swing high...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.png Size: 70 KB
  • #1,186
  • Sep 18, 2016 10:48pm Sep 18, 2016 10:48pm
Quoting Passerby
{quote} Pardon me, i think he has good intentions. But, you got a point being 2 months in the red doestnt mean you doomed to fail. Just to encourage you, i put my previous test account which been in red early in my trade explorer. I test my algo in small live account, not every branch just some I think got something. Despite the adjustment i made here and there, in the end i manage to withdrew some profit. The process is what important there. No money left there, but the history still there. Just dont give up, but imho learning something new wont...
btw, thanks for encouragement, and glad you are progressing in your journey with positive results...
  • #1,187
  • Sep 18, 2016 10:55pm Sep 18, 2016 10:55pm
Quoting benaiah
{quote} okay, thanks for your input. I have no problem learning. If you check my homepage, it says "never stop learning". But my point was this - why should I put forth effort to learn a whole new strategy from yet another stranger here on FF who has no sustained track record that what they are doing will stand the test of time? I took a look at the PVS... whatever it is. I'm not impressed. The chart with all the indicators makes my head spin. Not something I'll waste any time trying to learn. I like clean charts, and simplicity....
Then u r similar to me, i dont use any indicators. The core to my analysis came from: https://www.google.com/url?sa=t&sour...RV1JbCewsusRxw
Its the fundamentals, not too easy to learn but works for me, at least no indicators in sight. Kinda ancient from dark ages, nowdays ppl just too lazy to dig the old wisdom but its been time tested.

The audnzd analysis i told you before was a text book example. I found trend fading there, but no reversal in sight and then i saw "springboard" at the lowest point last week. As per theory suggest price should move up fast. Not to mention no clear resistance in sight, scattered selling area used to be weak.
  • #1,188
  • Sep 18, 2016 11:07pm Sep 18, 2016 11:07pm
Quoting Passerby
{quote} Then u r similar to me, i dont use any indicators. The core to my analysis came from: https://www.google.com/url?sa=t&sour...RV1JbCewsusRxw Its the fundamentals, not too easy to learn but works for me, at least no indicators in sight. Kinda ancient from dark ages, nowdays ppl just too lazy to dig...
yea, audnzd...

I originally entered on the monthly chart, and figured I could just scale in with multiple positions if it retraced. But I did not expect such a big drop, as we've had. But that is trading, always expect the unexpected.

So, my only mistake was adding too many positions, so over-leveraged now. But since last week ended bullish, I moved SL below last week's low, and hoping to salvage the trade this week or next if we can get a follow-through with this bullish momentum...

Another thing I learned, yet again, is never, never, NEVER get over-confident no matter how good a trade idea looks, lol
  • #1,189
  • Sep 18, 2016 11:16pm Sep 18, 2016 11:16pm
and I did the same stupid thing with Crude, had too many positions, and huge draw-down. I knew last week, it would "probably" reverse around 43, but I couldn't risk it with such a big draw-down in various trades. Had to come out.

And now, it's happily bouncing, as I figured it would, and will probably attack 48-50. But I'm done with Crude for a while, don't want to tempt myself into revenge trading, lol

But if anyone is looking for a good trade opportunity, Crude is looking really good for longs now, with SL below 43.14... with targets of 47, 48, 49, and 50...
  • #1,190
  • Sep 18, 2016 11:29pm Sep 18, 2016 11:29pm
Quoting benaiah
and I did the same stupid thing with Crude, had too many positions, and huge draw-down. I knew last week, it would "probably" reverse around 43, but I couldn't risk it with such a big draw-down in various trades. Had to come out. And now, it's happily bouncing, as I figured it would, and will probably attack 48-50. But I'm done with Crude for a while, don't want to tempt myself into revenge trading, lol But if anyone is looking for a good trade opportunity, Crude is looking really good for longs now, with SL below 43.14... with targets of 47, 48,...
Be careful on crude, im still bearish with commodities and commodity based currencies like audusd and cadusd. Commodities tend to fall when market keep talking about rate hike, regardess the outcome. Even if fed don't rise, they ll say they ll rise it soon or still on the table which means lower. Gold not forming bullish flag like many analyst said, no flag last that long its simply weakness. Contradicting most said, i think commodities ll rise after rate hike. Rising rate means confidence/confirmation that economy is better than expected. More future demand on commodities, and for gold means more inflation ahead. One of main motive for holding gild is as inflation hedge.
  • #1,191
  • Sep 18, 2016 11:35pm Sep 18, 2016 11:35pm
Quoting Passerby
{quote} Be careful on crude, im still bearish with commodities and commodity based currencies like audusd and cadusd. Commodities tend to fall when market keep talking about rate hike, regardess the outcome. Even if fed don't rise, they ll say they ll rise it soon or still on the table which means lower. Gold not forming bullish flag like many analyst said, no flag last that long its simply weakness. Contradicting most said, i think commodities ll rise after rate hike. Rising rate means confidence/confirmation that economy is better than expected....
yea, makes sense. But just looking at charts, I think Crude should have a nice bounce here, and usually moves opposite to usdcad, which looks poised to drop.

As far as the gold "flag", I think it's still in play, but I also agree, there could be another drop. That last flag went from Feb-May before it finally broke out. But there was that last BIG drop before it took off, lol
  • #1,192
  • Sep 19, 2016 12:19am Sep 19, 2016 12:19am
Quoting Peruvian80
{quote} think we all just want to know what is the real recepee for being succesfull. i feel frustrated for real, i couldnt accomplish my golds, and my free time for trading is when the market is slow.
btw, wanted to address your comments about being frustrated and not having time to trade. Have you considered trading higher time frames, and holding trades a little longer?

You just have to lower your position size, and make sure your risk is kept in control. The principles are the same.

One thing I know from professional opinions, as well as my own experience, trading intra-day on lower time frames not only takes more time, but also is more taxing on the mind and emotions.

It's much easier to trade higher time frames. It is also a myth that you cannot make money on higher time frames. Anyway, just a thought. Trade whatever time frame you are comfortable with...
  • #1,193
  • Sep 19, 2016 12:47am Sep 19, 2016 12:47am
Quoting benaiah
One thing I know from professional opinions, as well as my own experience, trading intra-day on lower time frames not only takes more time but also is more taxing on the mind and emotions.
that is very true !!
not to mention the real "tax" that comes with the cost of trade, since more entries will cost more spread and commissions!

but knowing all that, I still trade intraday
it's true about the emotional toll, but it also gives me tomorrow already the chance to catch up (feels more like start at zero)

my method in slowing down emotional impact on trading is simply a whiteboard where my last action before going to bed is to write 3 numbers per account:
- my goal for tomorrow
- the risk per position
- personal stop loss (in account currency)

by this way, everything starts fresh on the next day and i do not get to chase yesterday's loss .. just aim the new target which is based on the balance only.

that style helps me personally a lot about dealing with self-made pressure about getting a piece back.

I not really use the numbers (especially the goal) .. as this just leads to trading the P/L instead of the Trades itself.
also the risk I not really use, (calculate by trade once it happens) .. this are just some Analog indication to see if everything is going smooth and it helps to prepare about how much you gonna get in the hole for each trade.
the personal Stoploss wowever I do respect strictly .. if the drawdown reaches that number I'm done for today shut down the computer .. as its only getting worse from there anyway.
  • #1,194
  • Sep 19, 2016 1:22am Sep 19, 2016 1:22am
Quoting benaiah
{quote} Fisher755, I see you are on some sort of mission to promote PVSRA strategy, and/or this Traderathome member, who has apparently left FF and is functioning on some other forum somewhere in internet world. I created this thread to be a peaceful place where serious traders could work towards profitability. There is no place for any sort of crusade against FF, or some vindictive agenda to put others down. I mean who cares if others don't think it's possible to be profitable? Here, we just want to reach our goals. You are blocked from this thread....
What Agenda? Nothing. We are so peacefull here too. Someone could choose any trading system that he/she wants. Just dont block her. Traderathome and Fisher help people so much on this Forum and Other forum long before You entered this forum. You need to read and to think track record or history Man!

Quoting benaiah
I also do not think someone who risked 10% on a single trade, and also has a maximum losing streak of 13 trades in a row, has any business promoting a strategy after several weeks. Why? Because if someone is willing to risk 10% of their account, and can have a losing streak of 10 or more trades, obviously they are at risk of blowing their account. Oh, but they can just add money to their account, right? Because they don't keep all their money to trade with in there. Okay, then. So what? Still, they have to prove that after one year, they'll come...
Oh yeah, You would never be critized yeah, there is nothing wrong with the critics so far. I am still in loo-ser mode too, and I am fine with critics.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,195
  • Sep 19, 2016 3:13am Sep 19, 2016 3:13am
Quoting benaiah
{quote} Fisher755 will need to agree leave personal agenda's out of this thread in order to be unblocked. Is Fisher755 profitable? Just because someone says they are trading full-time and don't have a job, does not mean they are profitable, or have any sort of successful track record as a trader. When someone starts bragging about their success and promoting a strategy, after only a month or 2, that is clearly a red flag. Any experienced trader knows it takes much longer than even a few months to verify that one can be successful as a trader.
I think it will be a loss for the thread without Fisher755. I been watching and sometimes traded together with Fisher755 the last 1 1/2 year and are qte sure she is overall long term profitable. She been studying hard , and still do. and also try to guide other for what she find. This is maybe not the thread to do that as you stated but it will be qte boring just to see the results.

Of Course participants should follow the rules for the thread . But IMO fisher755 gives some life to the thread for us that just visit sometimes to see how it goes and she is not the only person that has been promoting the method she uses here on the thread. And it is a non commercial method. I was using it for a while myself but has left it as dedicated method and trade a mix of many methods on higher tf. All to its time.

Anyway good luck to all, and hope it solves to the best.
Trading in the shadow of SM
  • #1,196
  • Sep 19, 2016 6:51am Sep 19, 2016 6:51am
I agree..

Fisher should be unblocked. No doubt, she speaks about the PVRSA method quite a lot probably because its exciting to her and she would want others to try it out but i don't really see a problem with that since it doesn't alter the motive of the thread in any way.

Btw, i'd be careful with GBP longs right now Ben, it's made Lower Lows on most pairs as of last week friday on the daily and H4 charts. Looks like the current up move are just minor retracements
  • #1,197
  • Sep 19, 2016 8:17am Sep 19, 2016 8:17am
Main issue with Fisher755 is not simply promoting a strategy. It's a combination of promoting a strategy, and presenting oneself/strategy as profitable after several weeks. This goes against everything this thread is about.

So, some feel Fisher755 is profitable. That's fine if you want to believe what someone says even though you don't really know the person and no proof is offered, I'm sure many traders are profitable here at FF who do not care whether anyone else knows about it. But here in this thread, the point is - prove it. If there is no proof, it does not help many of us who are here to be encouraged to SEE the results, not just hear someone talk about it, without showing a track record more than a few weeks.

Conversations about strategy will obviously come up. And some may get excited after a good run. No problem. But let's be realistic about it, and remember the primary goal of the thread.

Whether Fisher755 comes back or not is up to Fisher755. I've outlined what Fisher755 needs to do to request to be able to post here again. Maybe Fisher755 does not want to come back...
  • #1,198
  • Sep 19, 2016 8:50am Sep 19, 2016 8:50am
Ok, lets change topic.

Take a look at gold, usd been weakening but still gold not supported. Then wonder if somehow usd making a rebound, where u guys think gold will head? I even interfere my algo.

Those who got indicator loaded, did u guys spot some divergence or something on gold? There might be something fishy brewing.
  • #1,199
  • Edited 9:18am Sep 19, 2016 9:07am | Edited 9:18am
Quoting Passerby
Ok, lets change topic. Take a look at gold, usd been weakening but still gold not supported. Then wonder if somehow usd making a rebound, where u guys think gold will head? I even interfere my algo. Those who got indicator loaded, did u guys spot some divergence or something on gold? There might be something fishy brewing.
I guess it depends on what time frame you are looking at. I'm bullish on weekly, in a corrective structure since June/July. As far as what it will do on the lower time frames, I have no idea... However, I'd assume it's pointed up as long as 1300 holds...

Edit: also 1315 seems to be the hurdle right now, so I'd need to see it get above this level and establish itself, and look "happy" above it, lol

Edit2: and last Friday's high was breached, so a higher daily high is encouraging too for longs short-term...
  • #1,200
  • Sep 19, 2016 9:49am Sep 19, 2016 9:49am
Quoting benaiah
{quote} I guess it depends on what time frame you are looking at. I'm bullish on weekly, in a corrective structure since June/July. As far as what it will do on the lower time frames, I have no idea... However, I'd assume it's pointed up as long as 1300 holds... Edit: also 1315 seems to be the hurdle right now, so I'd need to see it get above this level and establish itself, and look "happy" above it, lol Edit2: and last Friday's high was breached, so a higher daily high is encouraging too for longs short-term...
Daily to h1, and gu might drop soon i think. On h1 i spot weakness all over the place, no confirmation so far.
1 trader viewing now