Do you know why you make money in trading?

[loyek590]

I often hear people say what you said, "...until it does not work anymore". If it stopped working it could not have been based on the basics of price movement, could it? So it was not really a high probability, sufficiently tested, sound edge that could be expected to last forever. I would guess that the farther one deviates from the basics (gets far out on the limb), the greater the chances are of eventual failure, but not necessarily due to changes in the markets on which most seem to blame it.

we use to get off work at midnight, and we would go out to the causeway on the local lake. There were several cat fishing holes which were commonly used. If we found one that still had a smoking campfire we would move on.

Nobody leaves a good cat fishing hole until they stop biting.

Nobody abandons a trading strategy until it starts losing money. And you don't know it has quit working until you have lost more money than you think you can recover doing the same thing.

 

[ronblack]

The only way to make money is when there are enough losers around. An edge stops being one when no one is willing to lose.

 

[WWarrior]

Do you know why you make money in trading?

Perhaps everyone would have different keys/factors/causes for why (s)he makes money in trading.

Perhaps some of the keys/factors/causes are common ones to most profitable traders. Just perhaps!

Feel free to post any of your relevant thoughts too!

Things just came together, all the hard work and suffering.

you need a solid base or methodology to work from which requires lots of work and effort which is probably why most fail

 

[qxr1011]

making money on the single trade is merely a function of luck

making money on a series of trades is a function of the robustness of the trading method at hand and ability of the trader to apply it properly

 

[Zr1Trader]

I make money because I'm taking the other side when others are usually liquidating at unfavorable prices. Like if I were to buy a car from some lady who is trying to get rid of the ex husbands vehicle she won in divorce court and willing to do a quick sale below market value just to get rid of the stupid thing.

Another example, buying a home at a discount from an old couple that needs to sell fast because Herold broke his hip last month and they need to get into a retirement home now.

"The market transfers money from the impatient to the patient. "

 

[clacy]

Sitting and waiting

 

[Blueline]

Because I can follow my own rules!

 

[Visaria]

Do you know why you make money in trading?

Perhaps everyone would have different keys/factors/causes for why (s)he makes money in trading.

Perhaps some of the keys/factors/causes are common ones to most profitable traders. Just perhaps!

Feel free to post any of your relevant thoughts too!

1) I trade with the trend

2) I try to have MUCH LARGER positions when i'm right than when i'm not right

3) Um, that's it really!

4) scrap all that...it's because i get LUCKY, LUCKY, LUCKY!!!!!!!!

 

[Turveyd]

1) I trade with the trend

2) I try to have MUCH LARGER positions when i'm right than when i'm not right

3) Um, that's it really!

4) scrap all that...it's because i get LUCKY, LUCKY, LUCKY!!!!!!!!

I find if I trade at 0.0001% risk then eventually I'll get lucky, get a winner and it would make up for the previous SL hit.

Whooopsss Sorry that's the ForexFactory Forum.

When people rely on something that isn't really, there pretty much, no completely screwed.

 

[RobertG]

Because I finally admitted to myself max lots I can trade without getting an adult diaper.