Simple question! Simple answer. 
POLL: Are you consistently profitable?
- Thread starter short&naked
- Start date
My trading mentality is to "sleep well at night." Therefore I look for trades that offer 80%-90% probability of success with effective rules to limit losses to no more than 20% of required margin. Credit spreads is my primary vehicle.
I've still got a lot to learn here.
I've still got a lot to learn here.
What a naive and moronic question!Quote from short&naked:
Simple question! Simple answer.
No, I'm not consistently profitable.
Profitable? Yes, hell yes.
Consistently? No, NOBODY IS. Not even GS.
I only trade (and win really big some years). Other years I'm cash.
You have been suckered to believe this consistently profitable, make a living of peanuts, frequent-trading BS by brokers.
You are a commissions generating fool.
If you want to be profitable, trade very long term (years).
If you want to make a living from peanuts, buy an burger cart.
But there are so many people who trade well short-term using even 5 minute time-series?
I think if you are trading using Macro Analysis, then it could come good in a 'big' way (or go bad in a big way) but you also need the capital to make it big when you feel you have a good bet. But it is definitely interesting-- because there is a lot of judgment and reasoning involved and its very, very subjective.
I think if you are trading using Macro Analysis, then it could come good in a 'big' way (or go bad in a big way) but you also need the capital to make it big when you feel you have a good bet. But it is definitely interesting-- because there is a lot of judgment and reasoning involved and its very, very subjective.
Ouch!
There are too many brokers already in on this poll !!
