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

Are you a consistenly profitable trader?

  • Yes, for over 3 months

  • Yes, for atleast 1 year

  • Yes, for over 3 years

  • No, I am not profitable and but trying to learn

  • No, but I pretend to be profitable to get attention

Results are only viewable after voting.
TimtheEnchanter said:
The guy who NEEDS to trade daily is a gambler and should seek help.
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Similarly, the guy (dentist, lawyer, banker, farmer, teacher, scientist ...) who NEEDs to work every day is a workaholic and should seek help.

As long as the profession is your passion and not a chore, go and work as long as you want.
 
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maxinger said:
Similarly, the guy (dentist, lawyer, banker, farmer, teacher, scientist ...) who NEEDs to work every day is a workaholic and should seek help.
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You are not a dentist! Pretending that trading is similar to a normal profession or traders of a bank(who may "trade" daily) and a retail trader is alike will lead you to ruin.
 
TripleJs said:
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?
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This question can have so many different answers, because I'm sure most on here are profitable long term holders, fewer are swing traders, and i'm guessing probably most noobs in here are trying to day trade *chuckles*, and then there might be 5% who are profitable but will lose it when markets turn, and then the beautiful 1% who has illegal access to golden information.
 
what i would like to see is a poll on how many traders have a plan each day of what to do prior to the market doing it. basically most traders do not have a "oh shit" "shit hit the fan" "what the fuck do i do now" list. that is why most fail they have no plan for failure.
 
AbbotAle said:
Why would a professional trader with a solid game-plan not trade the markets everyday?
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Your positions should work for you! I may trade daily but I may not. If the market is not looking good I may not trade that day. Remember more often you stick your neck out more the possibility that that market chops it off.
Then again I trade options often for a longer time frame and I have investments to look after. I am not bored even if I am not trading that day, I am watching the ES, just in case. Many traders scalp for pips or ticks and thinking more often they win a little, they are going something useful, like checking social media, for the instant reinforcement.
 
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AbbotAle said:
Why would a professional trader with a solid game-plan not trade the markets everyday?
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One of the best things about trading for those "in the know".

You can trade every day if you want, but you can also trade less frequently if you don't need "maximum" money. That is, you know you can go to the market whenever you want and make $$... leaving free time for other things. Or maybe just trade in the morning and go play golf the rest of the day. :)
 
d08 said:
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.
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people treating trading like a wage job, when in fact you should treat it like a grand theft auto bank heist; once in a while payout :cool:
 
AbbotAle said:
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...
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Great...let's see some account statements showing every month profitable for the last twelve months.
 
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