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Traders with 5-10 years of experience but still not profitable


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Traders with 5-10 years of experience but still not profitable

  #271 (permalink)
 Chile 
Boston Massachusetts
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES, Crude CL, Gold GC
Posts: 31 since Dec 2015
Thanks Given: 8
Thanks Received: 14


goodoboy View Post
Thank you so much chipwitch for buying my trading course.

You are my first customer. Congrats.

Good luck in the trading course.

1 down and 499 more customers to go to reach my goal.

Thank you,

here is my check in the mail. i wanted you to have only 498 more to your first Million $$$ at no risk teaching trading. too much risk in actually trading. teaching is so much smoother on the bank account. hahahaha

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  #272 (permalink)
 Keab 
London UK
 
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 510 since Jul 2013
Thanks Given: 122
Thanks Received: 316


ursus View Post
There is an element of luck in every field, but consistent trading for considerable time is unlikely be the result of a chance.

To summarise, my Dad's favourite quote when he beat me at snooker was taken from one of his favourite golfers. It was a simple one. "The more I practise the luckier I get."

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  #273 (permalink)
Alkanphel
Rotterdam
 
Posts: 2 since Aug 2020
Thanks Given: 0
Thanks Received: 1


Hey Guyz , My Name Is Dejan and im from Netherlands

Im reading this forum a lot and it helped me alot,

I started trading 6 Years ago and Last year i was profitable and this year as of now im in green.I only trade es,and i take 1 or 2 trades a day.

I was wondering and rly want an honest and reasonable anwser.

For guyz who trade ES , what is reasonable Net points a month or year.

What ammout would u say is good to get (more for myself that my method is on good way) i never asked this and i dont know many who are open about it

Looking at youtube and seeing some ppl getting numbers in and most i do not trust.


Best Dejan

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  #274 (permalink)
SuperDuper
Edmonton, Canada
 
Posts: 3 since Mar 2022
Thanks Given: 10
Thanks Received: 0


goodoboy View Post
Hello Everyone,

I just want to say this.

I am the best scalping day trader alive and make alot of money. If anyone wants to learn hit me up.

Please do not ask me for proof of making money because I do not have any proof. However, it felt really good saying that to see how it feels making such lying statements on forum.

Seriously, if I was making money scalping about 50 ES contract a day. I would not waste time typing this message. And damn sure would not waste time teaching other traders.

Thank you,

No, I am the best scalping trader alive. I am loosing money so far, but some day I will be reach

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  #275 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,645 since Jul 2012
Thanks Given: 1,890
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xsamanthax View Post

I'm going to spend the next week or so figuring out whether or not making consistent, sizeable gains and scaling up is even possible in ES. If not, I'll look into investment banking. If not, finding funding in other ways. In no way, shape, or form am I going to turn into the typical retail trader, which is nothing more than a statistic.

It's either millions or bust. I'll figure it out, one way or another. I think I'm just done with the internet and all the fanboys that are on it. It's time to get real.

Just checking in. A month has gone by @xsamanthax How did your investigating go?

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  #276 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267


MitchMacca View Post
Side note:

Hi Mitch,

Politics, particularly the politics of covid, are seriously out of bounds here. We've had more than enough of the back and forth on covid for a long time. We are done with it, and past done.

This is a trading forum. Obviously, everyone has political ideas, and they may not be popular with someone else. That is fine. There is a place for them, just not here.

This is a politics-free zone, as much as we can make it. Let's have your trading ideas, and the ups and downs of trading or anything else you care to share, if it is about trading. Your politics are your business, and you have every right to them. But let's keep it off of this forum.

I have had to delete your post. Any non-political post will be fine, but anything political is not.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #277 (permalink)
gaberoz
Kyiv, Ukraine
 
Posts: 9 since Apr 2022
Thanks Given: 0
Thanks Received: 2

I think that such an option is quite possible for those who have not studied enough, but hope to make a profit "here and now". In trading, it just doesn't work.

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  #278 (permalink)
 
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 JohnKK 
Northern NJ
 
Experience: Advanced
Platform: MT4, NT, TS
Broker: IB through NT, TS, Forex
Trading: Forex - some stocks and futures
Posts: 18 since Nov 2011
Thanks Given: 64
Thanks Received: 20

Going back to the beginning, the title of this thread, here's my advice from my own experience: One way to be profitable is to go through Mark Douglas' books and videos and do what he says as best you can. It's not easy, but: Chances are 99% (imo) that you'll succeed. Best of luck!

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  #279 (permalink)
 
Small Dog's Avatar
 Small Dog 
Sydney NSW Australia
 
Experience: Intermediate
Platform: TradeStation, Oanda
Trading: Forex, index futures
Frequency: Daily
Duration: Days
Posts: 144 since Jun 2020
Thanks Given: 10
Thanks Received: 147

A couple of days ago I had a mentoring session online with a real trader. Even though I know better, I still do it "in case there is something I am missing in technical analysis". His strategy (which apparently paid for his house) was very similar to what I have been testing numerous times and what was showing to be profitable.

The problem is in the head. The biggest problem in trading is to figure out how to turn your own mind around.

I also think that the size of the account is a significant factor in success. Sufficient capitalisation is one of the most obvious requirements. However, besides not triggering the margin call it is also has an important psychological role. Larger capital means you have to take less risk for the same profit in dollars, which, in turn, makes it easier to stick to a strategy.

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  #280 (permalink)
 
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 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL ES ZN MGC E6
Frequency: Several times daily
Duration: Minutes
Posts: 760 since Jul 2022
Thanks Given: 859
Thanks Received: 904


I've been trading futures off and on since 2010 and I am not profitable. I still do it because I enjoy it and gives me happiness. I let my emotions get the best of me and do not respect my stops. When it's time to get out of a loss I let the trade run in hopes of just breaking even on that trade. 60% of the time it works and the rest of the time it results in huge losses.

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