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

[aquarian1]

Who's consistently profitable on the monthly basis, what change made you go from red to green? What change in your strategy made you go from red to green? You don't have to be making millions, but what change took you from losing to winning, even if not winning by much?

I think it is a good topic.

I can't say that I am profitable = planning to be though! LOL
I can offer one hurdle that I am facing and perhaps it is an answer of sorts.
I have this complicated system which gives me lots of signals and over time they have become quite good.
However, I somehow get locked into a "mindblock" once the RTH session starts and often ignore many of my signals. Not sure why.
Perhaps:
Lack of sleep?
Lack of confidence in the signals?
Too much information?
Reading posts at forums (getting too many inputs)?

At another forum one person posted "traders who are successful don't waste their time at forums".

I would say one big block is instead of visualizing myself trading with ease and confidence, as soon as I see a touch of red I remember losing days and see it happening again.

Another thing is trading the ES. With stocks I'm fine. I can do chart analysis like crazy and its dead on. But I am trading the ES with a small account and the manipulation of it makes the road difficult.

Good luck with the thread.
(I don't expect people to post secrets but they can still post change in trading style or approach)

 

[Al_Bundy]

I kind of doubt that it's possible to be profitable every month. Sounds too good to be true.

 

[ExperiencedJoe]

Why should someone tell you their secret sources?

It is aka you go to the top restaurant in the town and asking them to show you their recipes so that you can open another similar restaurant across the street, and with the risk that you may share this recipe with your wife, best friend, school mate, bartender, girls you meet in pub, your kid's teacher or putting them in free internet forum. The chance is there will be another ten more restaurant selling similar products open in the town in the near future. Tell me what you expect the restaurant owner will tell you ?

With restaurants, you can go see they have a secret sauce. With internet "traders" aka gamblers, they could never show people they have anything at all. All they can say is they know someone who could do this and that blah blah blah.

 

[Money Trust]

All I had to do was trust and believe in my system. It's crazy the amount of times I would be right but would fail to take action. I simply had to quit being a pussy and take the trades.

 

[AfterLOS]

Where is the thread at ? Over the years I have never seen anyone dared to do it on any forum, or when they did they showed themselves to be convincingly successful.

The thread is here at ET - and in that thread the readers are dazzled by the bright lights of $20k per week being small but more like the trader averages $40k which he considers acceptable.

Here's the thing .... traders can fudge and doctor their statements easily - but the one thing nobody can do is to change the date\time stamp of a forum, this forum anyway.

How many traders currently post real-time entry\exit AND rationale behind entry or TP etc.?

Keep your eyes peeled while reading the forum from here on out and tell me one year down the road, HOW MANY if any such individuals you found here?

 

[AfterLOS]

Why should someone tell you their secret sources?

There's a whole world of HELP an experienced trader can give to a newbie without even going anywhere close to his secrets.

 

[ExperiencedJoe]

The thread is here at ET - and in that thread the readers are dazzled by the bright lights of $20k per week being small but more like the trader averages $40k which he considers acceptable.

Here's the thing .... traders can fudge and doctor their statements easily - but the one thing nobody can do is to change the date\time stamp of a forum, this forum anyway.

How many traders currently post real-time entry\exit AND rationale behind entry or TP etc.?

Keep your eyes peeled while reading the forum from here on out and tell me one year down the road, HOW MANY if any such individuals you found here?

Sorry, do you have a link to the thread ?

I don't need real time call outs. Near real time is adequate. I just need to see a small potion of the trade being live is fine.

As for how many I will find, I would have to say in advance: 0. I know what it takes to be profitable. It doesn't take much for me to see if anyone has something.

 

[AfterLOS]

At another forum one person posted "traders who are successful don't waste their time at forums".

You should contact that trader and thank him for that. It is not only the truth, it is actually commonsense.

What you will find at forums is 95% time wasters who have nothing better to do, some traders who are actually trying to find a new technique or get feedback on their setups, or have failed and are looking for help to get back on track.

 

[AfterLOS]

Sorry, do you have a link to the thread ?

I don't need real time call outs. Near real time is adequate. I just need to see a small potion of the trade being live is fine.

As for how many I will find, I would have to say in advance: 0. I know what it takes to be profitable. It doesn't take much for me to see if anyone has something.

Here you go

http://www.elitetrader.com/et/index.php?threads/grinding-it-out-day-after-day.187730/


Yes, yes, near real-time is what I'm talking about. For example, let's say you make a trade - the absolute last thing on your mind is ET - your trade is underway the moment you click the button to confirm trade. OK perhaps you watch a few seconds or minutes hoping it will go well or whatever, but then let's say a few minutes later, YOU SHOULD go to ET and record the details in the thread or post it anew.

There are many benefits to doing exactly this: you not only have the market to deal with but now you have everyone at ET going to give you shite if you screw up. TAKING THIS DOUBLE DOSE of HEAT is the most beautiful aspect of being at a FORUM like ET - your learning curve will go parabolic as you do your best thinking under these conditions having 2 whips to get you to do better.

And just IMHO there is no better place than ET to get this type of improvement which really comes from within yourself and not from others giving you secrets necessarily

Try it out and see for yourselves, be disciplined about posting your trades esp. when you lose take the heat, you will be a better man for it.

 

[ExperiencedJoe]

And just IMHO there is no better place than ET to get this type of improvement which really comes from within yourself and not from others giving you secrets necessarily

I can think of other places. I have been to those and were banned. Let's hope ET won't ban me for calling out the noobs, or decide they know more about trading than me. If they did, why the hell don't they go trade, instead of running a forum ? Simple logic.

In the 5 years I have played trading 24/7, I have never seen any secret on any forum. Youtube is a better source for the pro's giving some pointers.