since about 90% of the traders lose money, what's the percentages of winning trader in the forum. Ar

[Dazz]

You haven't defined "consistently".

defining consistent is a hard question; I use a linear regression to ask and answer that trade question. I am in Trade for Greatness every day now for a while and I have plotted daily P/L over time as a linear regression; she is a consistent trader and generally improving over time; no indicators- just reads price, whole numbers and levels.Her room aver $367/d over the last 195 day.

.

 

[nursebee]

survivorship bias

 

[AbbotAle]

If money's the name of the game, use full or 0.75% Optimal F and tell us how you get on with those constant 80% drawdowns...

 

[trend2009]

there is also a release from a day trading firm in US that only 10% percent was profitable in that year(could quater, can not remember, the report could be googled). So if you count in the term of 5-10 years, the number should be much less than 10%. For long term stock holders, 90% percent are profitable in the last 10 years. So if you define consistent winning as someone with true trading edge, day trading statistics is a better indicator, in that term, I believe less than 5% is successful.

 

[fan27]

So making 6 figures annually (but with losing months) is not profitable but doing $200 every month is profitable?
In the end it's what you have in your account that matters. There are no rewards for consistency.

The above comment is based on actual trading.

For a professonal trader I define it as making money every month (unless you're very long term, then it's not so possible).

LOOK at the action in the markets, almost EVERY day there are great moves, doesn't matter which market. So to be a pro, you have to be able to harvest some of that whilst keeping losses under control. If you're not making money every month then you need to work on your game-plan.

The advantage that most of us have against a massive portfolio is we can be in/out all day long if need be. That's a REAL EDGE so use it...

The above comment is not based on actual trading.

 

[AbbotAle]

The above comment is not based on actual trading.

Oh yes it is, I base all my trading decisions on the back of a simple concept - look for areas on the chart when EVERYONE WANTS IT (for whatever reasons). Those areas will normally always be on the back of the fabled 7th Law - Dramatic price movements tend to unfold from price structures than minimise participation.

Many traders base their very solid game-plans on the back of the 7th Law and it's ubiquitous in all markets in all time-frames...

 

[virtusa]

The above comment is based on actual trading.


The above comment is not based on actual trading.

What made you come to that conclusion?

 

[Scataphagos]

just curious，since about 90% of the traders lose money, what's the percentages of winning trader in the forum. Are you the 10% who makes money?

Not really a good question.

You see... what you have here is a "Tale of Two Cities".

In one city, traders hopeful that the markets will lead them to riches very soon... risk their money and lose it before they "know what they're doing". So... this group is large and with a high percentage of losers.... probably near 100%

In the other city, traders have been around long enough to "figure it out"... they ALWAYS make money until they screw up big time for large loss(s). (The smartest ones NEVER screw up big time for large loss.)

So... to what question would you like an answer?

 

[guru]

The customer data released under regulations in the UK and the EU indicate that about 20-25% of active private retail traders have profitable accounts at any one time. So the odds are perhaps not as bad as some people make out.

Are they traders who trade daily, or investors who just hold stocks and ETFs like SPY?

 

[TimtheEnchanter]

Are they traders who trade daily, or investors who just hold stocks and ETFs like SPY?

The guy who NEEDS to trade daily is a gambler and should seek help.