How long did it take to become consistently profitable ?

How long did it take (for you) to become consistently profitable ?

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After about a year I finally got it together. It was tough, but eventually got it and still being profitable. Good thing I watched Mark Douglas step by step instructional video or else I wouldn't have gotten where I am today...
 
Tokenz said:
After about a year I finally got it together. It was tough, but eventually got it and still being profitable. Good thing I watched Mark Douglas step by step instructional video or else I wouldn't have gotten where I am today...
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What are you trading ? Stocks, Futures, Forex ? And what time frame usually ? How many trades you have usually every day or week ?
 
There's a tradeoff between consistency and variance of returns. You can be a near 100% consistently profitable trader. Just short the furthest OTM SPY/SPX puts you can sell 1 month out and hold until expiration. Keep doing that forever. You'll be 100% profitable consistently until the world ends. But you won't make much relative to your account size. What you're really looking for is consistently profitable while trading significant delta. That's harder.
 
ET180 said:
There's a tradeoff between consistency and variance of returns. You can be a near 100% consistently profitable trader. Just short the furthest OTM SPY/SPX puts you can sell 1 month out and hold until expiration. Keep doing that forever. You'll be 100% profitable consistently until the world ends. But you won't make much relative to your account size. What you're really looking for is consistently profitable while trading significant delta. That's harder.
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You said "There's a tradeoff between consistency and variance of returns." How would you describe that curve in more details ?
 
Not very long in trading then I realize profitable trading is difficult. Because after a few wins, I thought I could outsmart the market. It's not the frequency of win but the amount of win. The irony is taking a probabilistic event and turn it into a deterministic one is a difficult task indeed. The market does not give a salary.
 
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ET180 said:
There's a tradeoff between consistency and variance of returns. You can be a near 100% consistently profitable trader. Just short the furthest OTM SPY/SPX puts you can sell 1 month out and hold until expiration. Keep doing that forever. You'll be 100% profitable consistently until the world ends. But you won't make much relative to your account size. What you're really looking for is consistently profitable while trading significant delta. That's harder.
More...

Consistently profitable while trading significant delta, that's an oxymoron. There is no way you can be both unless you have insider information or doing market manipulation. The delta is significant for a reason. For you to trade and be consistently profitable is like saying the option is priced wrong consistently and that's not possible. It might be priced wrong occasionally but not consistently.
 
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