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Is anyone actually making money?


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Is anyone actually making money?

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  #41 (permalink)
Legendary Market Wizard
Somewhere, Delawhere, USA
 
Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker: Tradestation Securities
Trading: My kids, VX, Eurodollar
 
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MiniP View Post
I just spent the weekend trying to convince a new trader that the $3500 MA crossover strat they just bought will not work in the long run. He was only worried about making money and after going blue in the face trying to explain Risk and why you shouldn't try and trade 50+ contracts on something that hasn't been back tested or ran in a Live situation I finally gave up. The statement above is one of the best I've seen on here.

Once someone blows an account 3 or 4 times they then understand that preserving capital is #1

-P

I wholeheartedly agreed. I have seen 100's of beautifully backtested systems totally crash and burn when traded live, victims of curve-fitting and over-optimization. Trading also takes a ton of patience and more trial-and-error, and money management. That is why we've been able to stay afloat for so long: resisting the temptation to put all chips in.

~vmodus

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  #42 (permalink)
Tokushima, Japan
 
Experience: Beginner
Platform: Ninjatrader, Tradingview
Trading: Futures + Stocks
 
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Posts: 35 since Jun 2020
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vmodus View Post

~vmodus

The issue of why all of the fancy indicators donít work is because of the large investors. Using https://www.bookmap.com/ combined with moving averages, resistance points, vwap and other core market concepts will dramatically change your success ratio.

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  #43 (permalink)
Hatyai /Thailand
 
Experience: Beginner
Platform: Sierra Chart NT
Trading: ES
 
Posts: 120 since Jul 2018
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KyronC View Post
Can anyone actually prove to me that they have been consistently making money with futures? (ES,RTY,NQ,GC,CL) So far I'm yet to meet someone who is making money who isn't trying to sell me something :/

Hi there, Kyron:

Did you receive any half-way satisfactory answer as yet?

The best way to find out if a guy or gal truly
knows how to trade live or not, is....

to ask to sit with them for one week
to see how a trade is selected, executed and concluded....

if you can see with your eyes, how each claimant operates
in real time, and if he/she can satisfy your criteria....

that is the best proof, real proof, much better than
any certified statement or any toy owned ....

What do you think, Kyron?

4tison@gmail.com

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  #44 (permalink)
Brisbane, Australia
 
 
Posts: 126 since Nov 2013
Thanks: 37 given, 199 received


KyronC View Post
Can anyone actually prove to me that they have been consistently making money with futures? (ES,RTY,NQ,GC,CL) So far I'm yet to meet someone who is making money who isn't trying to sell me something :/

https://priceactiontradingsystem.com/

Mack is the ONLY seriously profitable trader not pushing anything (he has a manual for $99 but does not push it at all) - watch his daily YT vids on the ES....absolutely priceless....many traders have turned profitable after picking up his patterns/methods. He is the REAL deal.
You can read my trading journal of my Hang Seng futures journey if you wish where I apply PATS in real-time.
I would have saved myself thousands of $$$ and years of pain if I had just learnt these methods earlier.

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  #45 (permalink)
Tokushima, Japan
 
Experience: Beginner
Platform: Ninjatrader, Tradingview
Trading: Futures + Stocks
 
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Posts: 35 since Jun 2020
Thanks: 35 given, 25 received


Godzilla View Post
https://priceactiontradingsystem.com/

Mack is the ONLY seriously profitable trader not pushing anything (he has a manual for $99 but does not push it at all) - watch his daily YT vids on the ES....absolutely priceless....many traders have turned profitable after picking up his patterns/methods. He is the REAL deal.
You can read my trading journal of my Hang Seng futures journey if you wish where I apply PATS in real-time.
I would have saved myself thousands of $$$ and years of pain if I had just learnt these methods earlier.

What is his YT channel?
Tks!

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  #46 (permalink)
Brisbane, Australia
 
 
Posts: 126 since Nov 2013
Thanks: 37 given, 199 received


forestcall View Post
What is his YT channel?
Tks!

https://www.youtube.com/channel/UCQ3D2_YyX3BSalVUdZjkGRQ
pure gold.....you need to review a few dozen then it all starts to make sense..
buy at support ,sell at resistance
identify trending vs rangebound
spot the signal bar -> at the key-entry-point..
pull the trigger

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  #47 (permalink)
Tokushima, Japan
 
Experience: Beginner
Platform: Ninjatrader, Tradingview
Trading: Futures + Stocks
 
forestcall's Avatar
 
Posts: 35 since Jun 2020
Thanks: 35 given, 25 received

For the heck of it I signup for his monthly subscription. Im always eager to learn from experienced Traders.


Godzilla View Post
https://www.youtube.com/channel/UCQ3D2_YyX3BSalVUdZjkGRQ
pure gold.....you need to review a few dozen then it all starts to make sense..
buy at support ,sell at resistance
identify trending vs rangebound
spot the signal bar -> at the key-entry-point..
pull the trigger


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  #48 (permalink)
Columbus ohio
 
 
Posts: 1 since May 2017
Thanks: 3 given, 1 received

I have been trading the ES.. options, at first I tried to do spreads, but ran into margin issues. I have noticed when the Volubility is high I could trade a single long option , buy it, and ride the ES.. move and Sell for some profit. Just before the last down move the vol dried up and so did the strategy ( whipped sawed down my account ). Have to move farter out in time and deeper into the money ( more capital tied up ) Moved back to XSP options just in time for the down move. Evaluating my next move. Keep evaluating....

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