Who's consistently profitable on the monthly basis, what change made you go from red to green?

[smallStops]

I mean why you think they may do "insider trading " ?
Hint: Their real income is not from trading ..

Indeed : who organises mega loans for governments for instance ( billion+ sizes loans), and
of course the commissions and fees associated for such deals...
As far as trading goes : I seriously can believe that "insider trading" is necessary to help some traders
make good results.

 

[galvinlee888]

Indeed : who organises mega loans for governments for instance ( billion+ sizes loans), and
of course the commissions and fees associated for such deals...
As far as trading goes : I seriously can believe that "insider trading" is necessary to help some traders
make good results.

The risk for trading using the info from inside the wall is too high, you are history when you get caught, not worth the risk.

 

[murray t turtle]

Good question;
keeping records.had more fun day trading. made more money with longer trades 50 dma, 200 dm;;.same as IBD uses..............................................................................................................................................................................Wisdom is profitable to direct.Sure use a smaller entry chart to enter or exit, longer longs or shorts

 

[Low Salubrity Thug]

I think that most people who are profitable on a monthly basis started out that way. If you start out negative it's more likely you will stay negative or get more negative than it is you will get to monthly profitable.

+1

The vast majority of people who succeed in this business (in the long term) aren't reckless enough to risk their captial without first having tested their methodology throughly.

 

[Handle123]

+1

The vast majority of people who succeed in this business (in the long term) aren't reckless enough to risk their captial without first having tested their methodology throughly.

If one loses a great deal of money NOW, they are wanting to lose it, with so many software available to do back testing, learn to code it or pay someone to do so. Before home PC came out, you were "lucky" to learn how to draw charts and really learn Price Action one bar at a time. Just to calculate EMA took time other than couple buttons pushed. One actually studied charts back then and many learned how to read the more honest financials.

Going from Red to Green was having a trading plan to have an answer for any problem that arises. "If this happens, what do I do now"? People fail at options trading cause they not thought out what to do each hour or day, just best to know the answer before the problem. So many people fail at day trading cause they not memorized the answers to problems, whereas if you trade long term first, you can slowly memorize what to do next and build a base of good trading first. Getting better are stairsteps, each month(s) get a little better, go slower=meaning is look at more data on the screen, can't see the forest if you just seeing a few trees.