Time of active trading before becoming profitable

Quote from wutangfinancial:

I'm sorry, but all this nonsense about "just be profitable regularly-look at the daily outcome and not your overall process" is why most traders blow up suddenly. You could make daily amounts shorting volatility for years, and then lose it all in a matter of seconds, since it's a negative sum game. All your doing is buying into a short term confirmation bias.

You haven't proven anything untill you've traded long enough to survive rare, major event risks. Do you guys read at all? LTCM-when genius failed?
More...

Your absolutely right but if you continuously take your profits home then this is a non issue and thus the reason I now mostly Daytrade.
 
It took me 2 years of active trading( I had been investing for 2 years prior to that ) to find a trading style that suit my personnality, involves an edge( no real personnal discretionnary improvements )and make me feel confident( no losing week on this particular method since june and just one losing week in a year ).

Before that, I was randomly profitable( with huge 5 months equity DDs ) trading automated systems and doing a lot of research every day. The funniest part is that I don't make research anymore, but my path of testing... led me to find my personal edge/method.

I also agree with those saying that there is a level when you begin to simply feel where a particular market will go.
 
seems there is a common ground to all who have been profitable even for while.

It can only be done once you feel comfortable with what you use!
 
Quote from alex.samant:

seems there is a common ground to all who have been profitable even for while.

It can only be done once you feel comfortable with what you use!
More...

Couldn't agree more. The quest for "the system" ultimately became education and the current system is a product of that knowledge. Charts and indicators become "subliminal".

I am down to a rediculously simple system that is consistently profitable....but that came at a cost. The cost was time, discipline, adaptability, and desire.

I could not have possibly started out with the current system because the background knowledge had to "earned and learned" FIRST.
 
Quote from rcanfiel:

Others get sidetracked by a thousand different sales pitches, systems, vendors, books, websites, fax services, elliott wave/gann/astrology and other distractions
More...

I agree, I wasted much time on this, now I look at nothing but what I think is important and I am comfortable with and I am doing the best I ever have.
 
You must log in or register to reply here.
Back
Top