How much did it take to become more or less consistent for you?

TickSeeker said:
This is just only what may and will happen.

But why do you worry and be afraid is the question. There is no reason for that.

Because it comes from learned habits in your subconscious mind. No matter how hard you decide to not to worry about but you still do it until you can/learn to reprogram things in there. This hidden mind is an extremely powerful thing in you and controls normally over 90% of your daily life.
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Ok deepak.
 
newwurldmn said:
Ok deepak.
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You mean Deepak Chopra? Heh, he's an interesting character.

I have a better mentor for you, if you are daytrading, because it is where your mind wanders while daytrading.

It is the mind of Raleigh Theodore Sakers to make us profitable, because his thoughts float us to that special place where we can decide on direction. Yes sir.

 
Took several months (part-time) to become a consistent loser. Had to get past a lengthy "beginner's luck" streak.

Took a couple more years (part-time then full-time) to become a consistent "breakeven-er". Had to develop a framework for pulling profits out of price action.

Took another year (full-time) to become consistently profitable. Had to overcome bad behaviors which prevented me from consistently executing my plan.

This is a game that requires consistency before it consistently rewards.
 
It always works out differently. Sometimes you only trade one hour a day, sometimes you have the opportunity to work almost every day. In any case, at least some time you need to find. Moreover, the market is not always saturated with a huge number of events. Maybe it's a situation when you start working and can't find a good entry point. I can say that I have studied hundreds of stories of traders of different levels of preparation and with different results. I have seen traders who have made big profits in just a couple of years. I know those who have been trading for more than five years, but they never saw a good profit and did not even understand the basic aspects of trading. A lot depends on how seriously you take this business and whether you are ready to invest your time and effort to learn how to earn money here and become a master in the field of trading.
 
trend2009 said:
in my case, before I started trading in the end of 2006, I had studied market for 3 years. in 2004, I bought 20 dell precision desktops, and used machine learning to identify profitable patterns. the calculation was so cpu intensive, at one point, it caused outrage in my apartment. the software dug out hundreds of patterns with statistical meaning, most of which were due to over fitting. after careful research, I located one pattern that has true edge, which i have used since then for the last 12 years. the trading system has less 2% dd over the last decade, sharpe ratio on average above 7. I made 230% in 2007, 250% in 2008, since 2007 was bull and 2008 was bear year, I figured my system had survived both bull and bear cycle, and thus I had confidence that I could quit the tenured government position.
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How is your consistency till 2019? Still above 200% per year? Does your strategy scale to millions of dollars?
 
gowthamn said:
How is your consistency till 2019? Still above 200% per year? Does your strategy scale to millions of dollars?
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Another thread has my 2019 equity curve. Did not scale up, though it could. But I guess performance will be lower but still profitable
 
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