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Expectations vs Reality: Trading Profitability


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Expectations vs Reality: Trading Profitability

  #41 (permalink)
 forex jim 
Princeton NJ, USA
 
Experience: Advanced
Platform: Bookmap, Volumetrica
Broker: AMP futures
Trading: NQ
Posts: 11 since May 2019
Thanks Given: 17
Thanks Received: 21

Hi Everyone,

This is my first post. I am not profitable at this point, and in my opinion, there is no way to tell how long I will still need, even after 1 1/2 years. I am always surprised at those people saying: I think I almost figured it out. Or: I just have to get my emotions under control and trade my plan. How do you know? That's a serious question.

I have been backtesting with Forex Tester for more than 5000 trades, mostly in EURUSD. There can be long strings of winners, and you still haven't figured out anything, especially if your risk to reward ratio isn't the greatest. I know that by now. It's not easy to tell if you made progress or not. You can be miles away or the goal is just around the corner, there is no objective way telling, at least I haven't found one.

At this point I only trust it if I can produce significant consistent profit, and I mean hundreds of trades.

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  #42 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,106

Expected profits 6-12 months
Reality No profits 2 years in and a large deficit

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Last Updated on July 1, 2019


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