How much do you aspire to make per year trading

How much $$$ would you like per year from trading

  • 0 - $50K

  • $50K - $100K

  • $100K - $250K

  • $250K - $1M

  • $1M - $2M

  • $2M - $5M

  • $5M - $10M

  • $10M+

Results are only viewable after voting.
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nooby_mcnoob said:
It's not hard to have no losing days in this volatility. Right now, it's hard to lose money. Really, really hard.
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I must be an exceptional trader because I can pull this off consistently. :D

Seriously though, would you share a chart of some trades? You see, often times, when a trend is clear, its usually too late to enter with a tight stop. When you use a wide stop, then sometimes you will be proven completely wrong, at least sometimes, with an unexpected reversal. And then with a big stop, its difficult to recover the loss because once again, when you have taken a big stop, its moved far in one direction, and then its not easy to enter in this new direction now because it will once again have a deep retracement.

So then you end up looking for possible turning points so that you can get a precise entry and be out with a small loss in case you are wrong, but these types of trades will of course have a low win rate since you're just taking stabs at what might happen next with no confirmation.
 
NoahA said:
I must be an exceptional trader because I can pull this off consistently. :D

Seriously though, would you share a chart of some trades? You see, often times, when a trend is clear, its usually too late to enter with a tight stop. When you use a wide stop, then sometimes you will be proven completely wrong, at least sometimes, with an unexpected reversal. And then with a big stop, its difficult to recover the loss because once again, when you have taken a big stop, its moved far in one direction, and then its not easy to enter in this new direction now because it will once again have a deep retracement.

So then you end up looking for possible turning points so that you can get a precise entry and be out with a small loss in case you are wrong, but these types of trades will of course have a low win rate since you're just taking stabs at what might happen next with no confirmation.
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A low win rate is fine. My model assumes a 25% win rate (though my actual win rate is closer to 70%).

Rather than show you my trades, which will be useless.

Let me give you a piece of advice I think *will* make a difference. Trade only one direction, one setup.

Edit: this means a lot of things. It means a lot of time waiting. It means maybe some days you don't trade. But eventually you'll hone in on "the" setup. And it will become easy.
 
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nooby_mcnoob said:
I am not sure why you think I would care about it. If you don't believe it, don't believe it.

It's not hard to have no losing days in this volatility. Right now, it's hard to lose money. Really, really hard.
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Guy claims to have an equity curve that looks like a perfect 45° line, and wow, *surprise* he's not interested in providing anyone any proof of this extraordinary claim. That totally wasn't predictable at all!
 
cruisecontrol said:
Guy claims to have an equity curve that looks like a perfect 45° line, and wow, *surprise* he's not interested in providing anyone any proof of this extraordinary claim. That totally wasn't predictable at all!
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I will provide proof when the time comes. It isn't when some rando on ET asks me, let me assure you of that.
 
nooby_mcnoob said:
I will provide proof when the time comes. It isn't when some rando on ET asks me, let me assure you of that.
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I would never show anything. Even posting results above average is useless.
First of all, you gain nothing, and secondly you can only get in trouble with it. And trolls will always find a way to make you look like an idiot.

I reduced the number of my posts drastically, and let the stupid be stupid. Not spending time on useless posts, and no distraction while trading.

Keep what you have for yourself, and in best case speak about it with your closest friends or people that you know personally for many years. My wife even has no clue what I am trading, what size the account is or anything else.
 
virtusa said:
I would never show anything. Even posting results above average is useless.
First of all, you gain nothing, and secondly you can only get in trouble with it.

I reduced the number of my posts drastically, and let the stupid be stupid. Not spending time on useless posts, and no distraction while trading.

Keep what you have for yourself, and in best case speak about it with your closest friends or people that you know personally for many years. My wife even has no clue what I am trading, what size the account is or anything else.
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Hmm I will take your advice then.
 
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