Anyone here actually profitable?

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getthatintoya said:
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Excellent. Well done, sir. :)

For the benefit of the readers would you mind sharing some more specifics on what you do? Are you mostly day trading index futures or what?

I saw the reference to your range bar system and will check it out as soon as I have some time. I know some people speak highly of range bars, but I never really found any value in them during my own tests, but maybe I just didn't figure it out yet.

Thank you.
 
Rutro said:
I never understood why everyone is so cryptic. Either everyone is an asshole or no one has any idea what they're doing. Trading communities remind me of poker communities: selfish and arrogant. Thanks to everyone that posted something worthwhile. I won't be back. I'll figure this out myself. I'm literally getting comments/advice/strong convictions from people (I checked post history) that aren't even profitable yet.... Not sure why they would even comment.
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Wtf is a poker community?

I don't think you will never make it with this attitude.

You are under capitalised, studied on YouTube, paid scammers courses and who knows what books you have been reading.
8 points a day?
I would be a gazillionaire if I could garantee myself 0.5 point a day, the idea is delusional.

Now you moan about people being cryptic and you just arrived in the community.
Try that attitude in a combat gym, when you are not Jon Jones.

To answer the question of your thread title... not me, but a few people on this site grind millions.

Will profitable traders share their achievement or strategy with you, just to be nice to a stranger?
Some people work decades to find an edge, some are ex professionals... Who are you?

You said it yourself that trading made you more irritating and intolerable to bs, and you are on the losing side... At least be humble and do not expect to be spoon fed.

Trading is obviously not good for your life.
I don't believe you ever run a successful business too but that is irrelevant.
Althoug trading is a very difficult business, your comparison to errors in trading vs errors in business makes me wonder.

Stay away, or share your trades so we can take the opposite position.
 
Laissez Faire said:
Excellent. Well done, sir. :)

For the benefit of the readers would you mind sharing some more specifics on what you do? Are you mostly day trading index futures or what?

I saw the reference to your range bar system and will check it out as soon as I have some time. I know some people speak highly of range bars, but I never really found any value in them during my own tests, but maybe I just didn't figure it out yet.

Thank you.
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Mostly take positions at end of day although when using the range bars they can be during the day. I probably do alot more option trades than futures but both have their place.
I keep alot of stats on the market I trade. For example there is 36% chance the first trading day of the month will be the high or low for the month and by day 4 that % doubles stuff like that. It gives me a roadmap of where the market might trade.
Alot of my strategies are based on places where the market won't trade much. So I have a long bias above and short below that point.
The main reason I did this was because a normal strategy might just have a position that when wrong you stop out. I had real difficulty in doing this because of discipline, revenge trading, wanting to be in the market etc. It was much easier on the mindset doing a stop and reverse.
Everyone wants to be the rockstar and daytrade and don't get me wrong there is a time and place for that but the majority of the time eod imho is much better. Less decisions to make = less chance of farking up.
Now alot of people will disagree with this next comment but I wouldn't trade top the US Futures that stuff is algo'd within an inch of its life. As Mr Muppet once said find a more niche market and make it your own.
 
cesfx said:
8 points a day?
I would be a gazillionaire if I could garantee myself 0.5 points a day, the idea is delusional.
More...

Yeah, the OP doesn't get trading at all, he wants 8 points a day with 5 lots.

He needs to switch that to something like average 0.8pts a day with 50 lots.

Both are extremely hard, but the first approach, to average 8 pts, is probably 10 (or even 100) times harder than trying to average 0.8 pts.
 
getthatintoya said:
Mostly take positions at end of day although when using the range bars they can be during the day. I probably do alot more option trades than futures but both have their place.
I keep alot of stats on the market I trade. For example there is 36% chance the first trading day of the month will be the high or low for the month and by day 4 that % doubles stuff like that. It gives me a roadmap of where the market might trade.
Alot of my strategies are based on places where the market won't trade much. So I have a long bias above and short below that point.
The main reason I did this was because a normal strategy might just have a position that when wrong you stop out. I had real difficulty in doing this because of discipline, revenge trading, wanting to be in the market etc. It was much easier on the mindset doing a stop and reverse.
Everyone wants to be the rockstar and daytrade and don't get me wrong there is a time and place for that but the majority of the time eod imho is much better. Less decisions to make = less chance of farking up.
Now alot of people will disagree with this next comment but I wouldn't trade top the US Futures that stuff is algo'd within an inch of its life. As Mr Muppet once said find a more niche market and make it your own.
More...

Good stuff. Thank you for sharing that.

Curious then. What markets are you trading? I'd imagine most liquid markets today are dominated by algorithms, but arguably ES is probably the worst and most efficient in terms of constant arbitrage and hedging across correlated assets/indices.

I think market selection is huge. I spoke with a guy who never made ES work out for him, but found his success trading German Bund futures. Widely different market, but I think for him it was more predictable and orderly with less false breakouts.

Personally, I find that index futures (ES) are predictable and orderly, but they're still not easy to trade due to the noisy movements and constant retraces and counter-moves. Simply put: It may move from A to B allright. But it can cover a lot of ground and chop you up before it finally arrives.

I do think this can be solved by skill and market knowledge/experience, but I'm sure there are markets that are easier to trade with cleaner trends. Some say NQ/YM is easier than ES, but I didn't notice much of a difference.
 
getthatintoya said:
Now you are starting look at it great. I'm trying to get you to think for yourself you said you had problems knowing which way the market was going well range bar charts is one way to help.
I have attached another chart what do all the highlighted down bars have in common?
Cmon man think, you will have better chance of success if YOU develop something than trying to copy off someone else.
I'm just trying to get you to look at it a different way.
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Range bars (aka pseudo bars) are so 1990s's not new thinking in any way shape or form.
 
How does an engineer making $200K have medical debt? Other than annual deductible ($12K max) how can you possibly owe more that that figure?

Unless you’ve reached your lifetime max which I don’t believe for a second. Dude needs to make 10X his salary to give up employment?

This dude is false.
 
Laissez Faire said:
Good stuff. Thank you for sharing that.

Curious then. What markets are you trading? I'd imagine most liquid markets today are dominated by algorithms, but arguably ES is probably the worst and most efficient in terms of constant arbitrage and hedging across correlated assets/indices.

I think market selection is huge. I spoke with a guy who never made ES work out for him, but found his success trading German Bund futures. Widely different market, but I think for him it was more predictable and orderly with less false breakouts.

Personally, I find that index futures (ES) are predictable and orderly, but they're still not easy to trade due to the noisy movements and constant retraces and counter-moves. Simply put: It may move from A to B allright. But it can cover a lot of ground and chop you up before it finally arrives.

I do think this can be solved by skill and market knowledge/experience, but I'm sure there are markets that are easier to trade with cleaner trends. Some say NQ/YM is easier than ES, but I didn't notice much of a difference.
More...
Spi futures in Australia and xjo options same place. Only overseas market I touch is the DAX but a bit out of my timezone.
 
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