NexusFi: Find Your Edge


Home Menu

 





Is anyone actually making money?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one goodoboy with 53 posts (40 thanks)
    2. looks_two SMCJB with 25 posts (95 thanks)
    3. looks_3 KyronC with 24 posts (61 thanks)
    4. looks_4 Joseph Connors with 19 posts (29 thanks)
      Best Posters
    1. looks_one josh with 10.4 thanks per post
    2. looks_two Blash with 9.5 thanks per post
    3. looks_3 SMCJB with 3.8 thanks per post
    4. looks_4 KyronC with 2.5 thanks per post
    1. trending_up 112,906 views
    2. thumb_up 1,273 thanks given
    3. group 812 followers
    1. forum 398 posts
    2. attach_file 19 attachments




 
 

Is anyone actually making money?

 
goodoboy
Houston
 
Posts: 380 since Dec 2016
Thanks Given: 344
Thanks Received: 246


Silver Dragon View Post
The problem is people are looking for an absolute answer. They want to know if they do this they won’t fail they will be safe. if you tell them just because I can do it does not mean you will succeed they get pissed. It’s a unanswerable question. No matter how much evidence you can provide they will never be happy! Case and point; we are on post 178 and the conversation is still going on. The question is unanswerable.

Robert

Well Robert,

Friends and people ask me about business ventures and career path all the time, because I am professional in the science and engineering field. I give talks to young people and even my own kids.

Everyone wants some degree of certainty before they proceed a journey.

I be honest with them and I do not sugar coat anything. Atleast I know I gave them my honest answer.

If someone ask me if I make money trading, I will tell them yes or no. It is the Right thing to do.


Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
Futures True Range Report
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Better Renko Gaps
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
 
goodoboy
Houston
 
Posts: 380 since Dec 2016
Thanks Given: 344
Thanks Received: 246


JonnyBoy View Post
Because quite frankly it is a question (and often from a place of disenchantment) from traders who are failing and don't believe it is possible to earn a living doing it. Re-framing the question to state (and I paraphrase here) "...I am struggling as a trader and I desperately need help..." rather than "Can anyone actually prove to me that they have been consistently growing their account with futures?" would have received more attention.

Who cares about other traders earnings and if they are profitable. Asking this type of question (and just to note I was willing to give direction to the OP out until they proved to be not worth the time) is just an excuse not to trade, an excuse not to be accountable for your own trading, an excuse not to dig deep and find your own answers to a question that can never be answered except by the trader themselves based on a reflection of their own trading.

So it's not a case of being upset by the question, it's a case of the question having immeasurable answers.

JonnyBoy,

It is a simple Yes or No answer.

Keep it simple and Stop trying to circumcise a mosquito with this simple question.

I swear man, people make things soo complicated.

Thanked by:
 
 
JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
Posts: 1,561 since Apr 2012
Thanks Given: 706
Thanks Received: 3,854



goodoboy View Post
JonnyBoy,

It is a simple Yes or No answer.

Keep it simple and Stop trying to circumcise a mosquito with this simple question.

I swear man, people make things soo complicated.

You realise you just summed up my entire point with that response right?. If you ever achieve the status of a profitable trader, and I mean a truly profitable trader who earns a full time living in the markets, come back to the original question. I am sure your response will be very different from what it is today.

This thread is tiring so I'll exit stage left and watch from the side lines.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Thanked by:
 
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136


goodoboy View Post
If someone ask me if I make money trading, I will tell them yes or no. It is the Right thing to do.

Inject morality (the "right thing"?) if you want, but it's simply a personal question, which the person being asked has no obligation to answer. Those who say "yes" are then always asked to show proof. If they show proof, they are asked to show live trades. It never ends. It's like asking "do you exist, god?" When the voice from heaven says "yes" then you ask, "can you make it rain, or something?" The real kicker though, is that their 'yes' or 'no' in no way affects you. All of this is an effort to offload responsibility, at its core.

On another thread here recently, people were talking about the viability of a trading method. The average comment was something like this: "I'm not willing to spend $1000 on this without some guarantee that it works." That's all people want -- guarantees. It further proves my $25K / $25 parity comment -- it's not about the money, it's about being unable to accept risk (not the same as the inability to take risk). People want guarantees that their $1000 will not be wasted. What form should that guarantee take? Apparently, anyone who buys this $1000 trading manual should have some guarantee of making money. How ludicrous. Do people who think this way even understand that THIS is one of the reasons they are losing? They want guarantees, because they don't know how to accept risk, and not being able to accept risk is one reason that they lose.

 
 
MiniP's Avatar
 MiniP 
USA,USA
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943

theirs one simple answer to the question "do you make money" and that is " I haven't had to get a real job yet" This will stop any and all bs about how much do you make, let me see, how much do you lose etc etc. It has been my go to answer for the past few months.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my NexusFi Trade Journal
Thanked by:
 
goodoboy
Houston
 
Posts: 380 since Dec 2016
Thanks Given: 344
Thanks Received: 246


JonnyBoy View Post
You realise you just summed up my entire point with that response right?. If you ever achieve the status of a profitable trader, and I mean a truly profitable trader who earns a full time living in the markets, come back to the original question. I am sure your response will be very different from what it is today.

This thread is tiring so I'll exit stage left and watch from the side lines.

JonnyBoy,

It is a yes or no answer buddy. All that other stuff you saying means nothing.

 
goodoboy
Houston
 
Posts: 380 since Dec 2016
Thanks Given: 344
Thanks Received: 246


MiniP View Post
theirs one simple answer to the question "do you make money" and that is " I haven't had to get a real job yet" This will stop any and all bs about how much do you make, let me see, how much do you lose etc etc. It has been my go to answer for the past few months.

-P

MiniP

Thank you thank you thank you thank you. Simplicity does exist here.

Wow, someone finally answered the OP very very very simple question.

Thank you.

I wish others can be simple

 
 
JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
Posts: 1,561 since Apr 2012
Thanks Given: 706
Thanks Received: 3,854

I wish you all the best on your journey to becoming a profitable trader.
goodoboy View Post
JonnyBoy,

It is a yes or no answer buddy. All that other stuff you saying means nothing.

Sent using the NexusFi mobile app

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Thanked by:
 
goodoboy
Houston
 
Posts: 380 since Dec 2016
Thanks Given: 344
Thanks Received: 246


JonnyBoy View Post
I wish you all the best on your journey to becoming a profitable trader.

Sent using the NexusFi mobile app

JonnyBoy,

Thank you sir. I appreciate that.

 
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789



josh View Post
They want guarantees, because they don't know how to accept risk, and not being able to accept risk is one reason that they lose.

Josh, I agree with your sentiment. Some are "fascinated" with the markets, and they like the courses, the indicators, the strobe lights on the platform, the bubbles, and the ongoing chatter about the markets.
Then some approach trading as a decision-making challenge, and they look for solutions that would help them cope with the challenges of the markets. They know the risk, don't look for guarantees; they seek variables that would help them make better decisions.

In my opinion, if the world's best trader decided to write a course, at best, it would help marginally. This applies to any expertise you seek. The best expert advice helps you slightly because the rest is your personal experience and application of things your way. Any information or plan when you don't have practical experience is just a model.

Trading is the analysis of psychology, crowd behavior, price action, and the exercise of risk management. How could one person take all that and apply it to someone else in one curse, book, or lecture? Practically impossible.

Everyone has to ask themselves the question, "what problem am I trying to solve?" This is the model question. You could further ask, "What am I lacking to solve this?" and "what tools do I need to solve this problem?" Then you can evaluate if the tools you are coming across get you close to your goal.

"I want to make money from trading!" is not a problem, BTW. It's a wish. "How do I choose overbought areas?" is a problem, or "how do I stop my impulsive trading?" and "What asset class should I trade?". All these are challenges that could be defined and potentially researched to find the appropriate solutions.



Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]

 



Last Updated on June 20, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts