jeez, that must take some determination to lose money 5 yrs in a row
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how long did you take to have a profitable year?
- Thread starter chonkore
- Start date
Quote from minmike:
If I trade for one day and make money. Then I don't trade for the rest of a year, would that be a profitable year? I think so.
Given that you are a trader MM are you really satisfied with the quality of the answer you have just offered?
What you have just said is that you have made a little money on day 1 and now you cannot trade for another 364 days.
Did you seriously read the question to mean this?
Quote from fearless9:
You cannot have a profitable first year in less than twelve months.
Read the question.
Are you really satisfied with this statement f9? If I trade profitably for 364 days, could I reasonable assume that I won't lose it all one the last day. Isn't my profitable year assured before the 365 days are complete?
This satement and the earlier one are the two extremes. I used the other one to prove my point.
As a trader I would be more worried about being profitable than playing semantics.
Quote from otcstockfund:
jeez, that must take some determination to lose money 5 yrs in a row
Same determination it takes to pay 100k for a 7 yr. University Masters Degree.
Do you think it's any different?
Parlour trick trading, will only take u so far but dont worry the prop shop should make a pretty penny off you before you figure it out.
Hello,
I am a newby here, and I am just starting my 2nd year of trading. I am not profitable, yet. But, I think and hope I will be in about 3 or 4 months.
I would agree with the person who said it costs about 100K for a 7 year professional degree. Getting paid, usually wont happen quick, and you will have to spend alot of time and money to make anything work.
I have been self employed for 21 years, and I remember the first few years, it was pretty rough, difficult, sickening, at times. It did finally pay off, but as a good friend mine once said "IF IT WAS EASY EVERYONE WOULD BE DOING IT.
I believe you can accomplish anything, if you put your mind to it.
joey
I am a newby here, and I am just starting my 2nd year of trading. I am not profitable, yet. But, I think and hope I will be in about 3 or 4 months.
I would agree with the person who said it costs about 100K for a 7 year professional degree. Getting paid, usually wont happen quick, and you will have to spend alot of time and money to make anything work.
I have been self employed for 21 years, and I remember the first few years, it was pretty rough, difficult, sickening, at times. It did finally pay off, but as a good friend mine once said "IF IT WAS EASY EVERYONE WOULD BE DOING IT.
I believe you can accomplish anything, if you put your mind to it.
joey
Wow, pamjoey... that was a positive post! Are you sure you are posting on the right forum?
It looks to me like people have more fun splitting hairs over how many days in a year it takes to become positive, cashflow wise and flaming on others over luck vs. skill...
I too am a newbie. I want to learn more about what is going on with trading (futures in particular) and was referred to this site from a well acomplished scalper.
I intend on mock-trading for a good solid year before I "go live" and even then, only with 5-10k that I could afford to lose (if such a thing really exists)
If I can bring anything to the table at this point, it is this:
"Remember that fighting on the internet is a lot like competing in the special olympics... even if you win, you are still a retard."
It looks to me like people have more fun splitting hairs over how many days in a year it takes to become positive, cashflow wise and flaming on others over luck vs. skill...
I too am a newbie. I want to learn more about what is going on with trading (futures in particular) and was referred to this site from a well acomplished scalper.
I intend on mock-trading for a good solid year before I "go live" and even then, only with 5-10k that I could afford to lose (if such a thing really exists)
If I can bring anything to the table at this point, it is this:
"Remember that fighting on the internet is a lot like competing in the special olympics... even if you win, you are still a retard."
The question needs to be reworded to:
" how long did you take to have a profitable year that wasnt based on luck? "
Then my answer would be 4.
Otherwise, its 1.
" how long did you take to have a profitable year that wasnt based on luck? "
Then my answer would be 4.
Otherwise, its 1.
Hi Desert,
Thanks for the input. Trading for a year is a good idea. I didnt wait quite that long, placed my first trade about 8 months, after studying and learning all I could for about 9 hours a day.
I believe it can be done, but you have to be real CAREFUL in the beginning. Hope it works out for you.
joey
Thanks for the input. Trading for a year is a good idea. I didnt wait quite that long, placed my first trade about 8 months, after studying and learning all I could for about 9 hours a day.
I believe it can be done, but you have to be real CAREFUL in the beginning. Hope it works out for you.
joey