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Expectations vs Reality: Trading Profitability


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Expectations vs Reality: Trading Profitability

  #1 (permalink)
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Expectations vs Reality: Trading Profitability

Hi guys,

New poll:

Expectations vs Reality: Trading Profitability (choose two options)

Total votes: 1060
 


Please vote and discuss. Choose two options, and please elaborate or your choices here in the comments.

Mike

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  #3 (permalink)
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Expectation vs Reality


Thanks Mike for such a poll. There are not many ppl voted yet.
Any how my expectation was it will be piece of cake after reading plenty of books. I thought, I will be up and running in no time. I gave myself three to six months. 5 years later I still haven't seen profit from this activity.
In a mean time lost 25K in hope trading.
Last year is made small improvement. I passed 2 TST combines & 1 Gauntlet reach desired target.

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  #4 (permalink)
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Great poll

I was lucky enough to start off on the right foot by joining FIO when I first started getting into trading. After months of reading and seeing how most people struggle, I really didn't have any expectations in terms of the amount of time it would take to become profitable... it would seem that a few picked it up in short order, but for the vast majority this was not the case. It stands to reason; one does not simply become a professional in any other endeavor without having to commit themselves to the time and patience required to gain the necessary skills and knowledge.

I'm about 1.5 years into live trading and have yet to see consistent profitability... seem to find new and creative ways to mess things up LOL. My honest assessment at this point... I have what I need to succeed. For me, it's more about continuing to develop patience, and eliminating bad habits and reactive behaviour.

Fortunately my education thus far has not cost much; yes I've popped a few accounts, but trading micro currencies has yielded a lot of real world trading experience while keeping financial exposure as low as it can be. I can continue to stay live as long as necessary with the micros.

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  #5 (permalink)
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Worth voting to see the results. Very interesting.
I hope I will still be able to see them after more people have voted as I will be curious as to whether the proportions stay roughly the same.

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  #6 (permalink)
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matthew28 View Post
Worth voting to see the results. Very interesting.
I hope I will still be able to see them after more people have voted as I will be curious as to whether the proportions stay roughly the same.

You've always got the option to "View Poll," even before you vote (I did, wanting to see if it stacked up the way I expected -- and it did: high expectations, low results. Hmmm.)

That's how I voted too, by the way.

Bob.

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  #7 (permalink)
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So far I'm running with the majority: expected 1-3 months, actual, not yet.

I guess it's good to have so much company.

This is a terrific poll. I expect the general results will be very similar as more people vote. It says something about the reality of trading. I do think progress is possible. For example, I am much less naive than when I started out, which counts for something: at least I know it's a long haul.

Bob.

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  #8 (permalink)
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Hey guys...

Is this poll asking to reflect back to when I started trading? How long did I think it would take to be profitable versus how long to actually being consistently profitable? There are so many ways to interpret the question.

AND of course I have some pretty strong opinions on both my development and what I see others do/talk about.

Dan

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  #9 (permalink)
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I am pretty sure....

that I have a bunch to share on this topic. In typical wldman fashion it will not be easy for many people to accept my VIEW based on thirty-ish years of industry experience.

I want to encourage people and sometimes that involves telling them things that they will resist or ignore. You guys decide...say it or keep it to myself?

Dan

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  #10 (permalink)
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wldman View Post
Is this poll asking to reflect back to when I started trading? How long did I think it would take to be profitable versus how long to actually being consistently profitable? There are so many ways to interpret the question....

Dan

Yep, that's what it means.


wldman View Post
that I have a bunch to share on this topic. In typical wldman fashion it will not be easy for many people to accept my VIEW based on thirty-ish years of industry experience.

I want to encourage people and sometimes that involves telling them things that they will resist or ignore. You guys decide...say it or keep it to myself?

Dan

Don't be shy, Dan.

People can take it, and besides, I'm interested, at least. Probably I'm not alone.

Bob.

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