Its impossible to be profitable in trading as a retail trader

[Surprise]

Prostitutes

 

[Handle123]

250 not 500

1980s and part of early 90s was $500 a point

 

[radex78]

I think although as retail trader they can making good money in trading but indeed only small percent retail trader having good skill to making money in trading, almost them might get failure

 

[Trading Education Buyer]

In terms of my own clients, they need to build up their self-assurance by appreciating their own ability and their own results. And that takes time and commitment. The clients that I see do well with my system in the live markets are the clients willing to paper trade under my close tutelage for 12 months - and to meet with me one-on-one in order to discuss each and every trade entry and the placement of each profit target and stop-loss level. Over time, mistakes are greatly reduced or eliminated, and the client becomes more proficient at spread construction and sexy trade entry identification. Then there comes a point in time where the client says "fuck it I can't take it any longer" and he opens an account and he starts trading for real.

Here is my own option spreads , a totally mechanical system , 1 years back test , 176 ticks a week , set and forget mechanical strategy on the German dax.

This money tree is sold out.Don't bother.

 

[Surprise]

1980s and part of early 90s was $500 a point

Ok thanks

 

[Trading Education Buyer]

I read somewhere that trading books have caused possibly the largest wealth transfer in history. Boy, were they right. I have self taught myself technical analysis, fundamental analysis and price action. I have read hundreds of books on the subject. And over the years of trading NONE of them have been even close to profitable. Their only edge is that they just happen to time their trades in either strong bull or bear markets.

Believe me I have backtested countless strategies from candlesticks to MACDs to price action to FX correlations to Presidential Elections to Order book correlations to even solar and lunar cycles at one point. And guess what. None of them give you any kind of edge whatsoever because that information is already public and whoever disclosed it in the first place is probably rich by now with his or her book sales.

correlations that occur are only temporary. Quants and Hedge funds try to scalp this inefficiency. But even then, this can never be a consistently profitable strategy as competition increases to try to capitalize on this inefficiency. Eventually, this inefficiency is simply evaporated. And oh look: Hedge funds are dropping like flies if you read the news now because of so much competition. The market can stay irrational for longer than you can stay liquid. And those who can stay liquid already have a ton of capital to win through sheer trial and error alone. Thats why 99% of retail traders consistently fail. They just don’t have the capital to win through trial and error.

As a closing statement, I would like to reveal a little secret. If you buy today and sell tomorrow, you have a 50/50 chance it will either go up or down. This is true for virtually every stock, index or forex out there. Go ahead and backtest it yourself if you want. (Boy, are those 1% of profitable traders laughing their guts out right now!)

Now that I look back, if I just followed the buy and hold strategy with most of my trades I would have been a millionaire within 5 years.

In the trading gold rush , only people to make money are forum owners , course sellers , education sellers , brokers , ea sellers , indicator sellers , software sellers , signal sellers , authors , forex site owners ,system sellers and rebate merchants.

Speculators were losers in the gold rush , only people to make money peolpe selling stuff to miners, at from fifteen to twenty dollars foreach individual. Spades, shovels, picks, wooden bowls, Indian baskets (for washing), etc.

 

[speedo]

In the trading gold rush , only people to make money are forum owners , course sellers , education sellers , brokers , ea sellers , indicator sellers , software sellers , signal sellers , authors , forex site owners ,system sellers and rebate merchants.

Speculators were losers in the gold rush , only people to make money peolpe selling stuff to miners, at from fifteen to twenty dollars foreach individual. Spades, shovels, picks, wooden bowls, Indian baskets (for washing), etc.

Hey Surf, how's life in that little condo in West Palm Beach?

 

[Trading Education Buyer]

Hey Surf, how's life in that little condo in West Palm Beach?

my last few days are becoming more entertaining.I knew you merchants/sellers have to keep the trading gold rush going , because you are not really traders , but sellers who sell to the speculators

You would be out of business , if all traders knew!

 

[Trading Education Buyer]

Trading buyer is comical, only his system can make money - LMAO!! like the Mr Haney (Green Acres) of the site - this clown has no sense of dignity, just a broken record making ludacris claims.

Surf was a little fish , they based the J R Ewing CHARACTER on me in real life . They don't like J R

 

[d08]

Here is my own option spreads , a totally mechanical system , 1 years back test , 176 ticks a week , set and forget mechanical strategy on the German dax.

This money tree is sold out.Don't bother.

View attachment 166890

1 year doesn't mean anything.