Trading with a Stop Loss in the Futures Market is for Losers

[bone]

al trader, looking through your posts, you are quite the trading intellectual:

Quote from al trader:

i think emg is right. Non of the indicators work.

Quote from al trader:

Today, HFT dominates the markets whether in equity, etf, fx, and futures. If one doesn't know how HFT trades, one cannot win.

Quote from al trader:

everybody will lose. end of story

Looks like you are well-qualified to pass judgement on others.

 

[al trader]

Quote from bone:

Quote from al trader:

That is not the point what your client has done and have yet to lose. The point is, you loss in this game of trading, which is why you are a marketer

 

[al trader]

Quote from nakachalet:

And are you a successful trader?

to ef hutton, i was an average trader who has no guts and no brain 'cause i did not listen when ef hutton talked and i did not average up when the going was good.

to other traders, i was too slow and too clumsy and did not know when to seize the golden opportunity.

to those close to me, i was kind of unorthodox, my 9t stop was hit about 50% of the time on the average.

to my brokers, they were most often bewildered just how could a person who was stopped out about half of the time could still end up making a good living.

to my bankers and accountants, they thought it must not be too difficult to trade.

to my own family members, they would tell their cousins and nieces that it was a kind of boring sitting in front of four screens and doing practically nothing all day, all night.

am i a successful trader? what do you say--al trader?

Are you having a hard time answering the question? This is a simple question? Am I making you nervous?

 

[cornix]

Quote from epictrader:

care to explain why 95% traders fail if the market is not random?

Care to explain why over 70% (by conservative evaluations) of all new businesses fail? Why only a meagre % of all athletes, musicians etc. become rich and famous? Is it because all those activities are a matter of random luck?

Extremely high failure rate is the essential part of any scalable profession. Trading is a very scalable profession. Making a living by trading is like making a living by boxing against Klitschko. What would be success rate among newbies trying to do that?

BTW, I think failure rate is higher than 95% among forex and derivatives traders.

 

[cornix]

Quote from nakachalet:

yes, i concur as i also have something to that sort, mainly:

1-whenever my trading strategies and trading plans fail to produce profit 3 times in a row.... i pack my gear and go up mountain helen for the rest of the day.

2-and whenever, if ever, i give away 2% of my trading capital for the day, three times in a row.... i'll walk away to chop some woods and get out my frustration.

3-if ever, because the slippage, i lose 10% or more of my capital, i shall pull the plug and go jogging in the wood for an hour or so....

trading for a living is not easy as many try to orchestra it in print or video. you need to put in lots of hours in front of your screen; learning, practising and disciplining and sharpening your personal skills very much like a prize fighter....

if you follow the 3 trading guides above, you'll never lose all your capital, nor will you live a day without trading money.... cheers everyone

Exactly!

Many seriously underestimate how difficult this profession is and that high failure rate is not the fault of the market (of course it is much easier to think that you fail because of the market ), but the consequence of lack of skills needed for a successful trader, such as excellent analytical work which provides you a good edge, discipline and self control of steel et cetera.

 

[nakachalet]

Quote from al trader:

Are you having a hard time answering the question? This is a simple question? Am I making you nervous?

perhaps we are not communicating on the same level.

if you still are not able to figure out whether the trader is successful or not.... i am most definitely certain that you won't know it either, if i were to spell it out for you.

if the crashes of the 87 and in the 90 and several minors in between did not make me nervous.... how would your question unnerve someone who has been thru all those hard times?

after having read thru the trader's response, anyone who is trading in the market at the moment, would be able to figure out the answer already without having to be spooned fed the answer.

on the other hand, if those big name games (see attached) whose initials are commonly known as TF, GC and Cl.... which if any appears somewhat vague to you.... then, i need to apologize to you for referring to something that are in your future yet....

good luck to you, al trader, and wishing you profitable trading at the same time.

 

[TsunTzu]

More evidence. Enough said.

Quote from al trader:

was that hard to answer the question? Good lord, you are having a hard time answering an easy question. Hence, a 10 yrs old will be able to answer a simple question.

 

[Cereal]

Quote from galvinlee888:

I agreed one thing, Future trade is not for small account.

I only trade two contract (max) each time in ES, and to be honest, I am making some $$ (average 5-6 ticks each day). I only make about less than 0.2% from my overall account each month with average 5-6 ticks win each day. My account size ? Do your Math.

Do I use stop loss ? Yes, but definitely not 2-3 ticks from my open. Sometime I can't stop laugh when some "guru" (some elite TA expert who never show their trade in real time or some "A"uthor from Amazon hot selling books) claim they have 1-2 ticks Stop Loss and they make $$,

That sounds like a 500 K account according to my calculations, which is a large account !

 

[emg]

Quote from Cereal:

That sounds like a 500 K account according to my calculations, which is a large account !

More than 80% of small traders believe they can get rich quick with a starting capital $3000. u will find them with a lot in the world of ET. In fact, there are a lot of them in this very thread

 

[nakachalet]

Quote from emg:

More than 80% of small traders believe they can get rich quick with a starting capital $3000. u will find them with a lot in the world of ET. In fact, there are a lot of them in this very thread

give you an opportunity to excel to the front of the class....

look at the attached pix which was happening some minutes ago....
and help me with the decision,

whether if i should go short or go long.... pls?