Is anyone here profitable?

btw-according to latest stats-savings at the banks are at all time high levels.which makes me think that your grandma aren't buying this market. probably cause she lost it all back in 2007-9
 
Quote from Bob111:

btw-according to latest stats-savings at the banks are at all time high levels.which makes me think that your grandma aren't buying this market. probably cause she lost it all back in 2007-9
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But grandma has been buying s$p every month for 20+ years....

Sure if she is trying to time the market 5 years at a time she'll soak her depends.


Quote from QuantWizard:



In this way, we can start talk about things that REALLY works instead of things that MIGHT work.

Start posting!
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If joe six pack buys s$p every month the next 20 years I bet they beat the vast majority of traders.

My point being, not many here are profitable in relation to long term cost averaging into the s$p.
 
--My point being, not many here are profitable in relation to long term cost averaging into the s$p.---

you probably correct on this one. my biggest mistake is that i didn't invest my profits from daytrading(cause i'm scared to death of losing it and spoiled by steady returns) like your grandma did. big mistake..HUGE(pretty woman) :)
 
Quote from Bob111:

--My point being, not many here are profitable in relation to long term cost averaging into the s$p.---

you probably correct on this one. my biggest mistake is that i didn't invest my profits from daytrading(cause i'm scared to death of losing it and spoiled by steady returns) like your grandma did. big mistake..HUGE(pretty woman) :)
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Hey and if you can find something else that works for you beside grandma's method , then great you've accomplished something many haven't.

Now you can share with the OP your method and its metrics since that is what this discussion is about. :)


OP I have only seen 3 different profitable individual traders' statements for a period of 5 years or more.

I agree it is hard to find a method with performance to back it up from an individual successful trader willing to share it.

Forexfactory has leaderboards of actual live trades linked to peoples brokerage accounts. A lot of those curves are scary :)
 
Quote from Ironplates:

writing options in sideways markets and purchasing them in trending markets.
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How do you know ahead of time if it's going to go sideways or trend?

money management is key to keeping what you make.

use 5% of your capital and use the 90% of the capital on the situations that are well confirmed.
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Agree with both of those.

keep the winners, add to winning positions and get out of your own way when you have to take a loss.
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I do the opposite because I'm unable to make adding to winners work for me since I don't know how long a trend will go for.
 
Quote from Zr1Trader:

....
If joe six pack buys s$p every month the next 20 years I bet they beat the vast majority of traders.

... [/B]
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if you are federal worker that is pretty much given.
 
Quote from 1a2b3cppp:

Also look for this dude named Jack Hershey. He's super smart, very profitable (makes 3x the ATR daily), and can explain his method clearly and concisely.
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Truer words were never spoken.

P.S. Thanks for the laugh.
 
Quote from oldtime:

best advice I got in the last year, "Just assume anybody you are talking to on ET is losing money."
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Are most of the people on ET actually losing money?
 
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