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

[jsp326]

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

Yep. Any strategy that emphasizes monthly profitability follows this pattern:

small profit
small profit
small profit
small profit
BIG LOSS!!
small profit
...

For an extreme example, see Long Term Capital Management.

 

[AfterLOS]

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.

Good point. Newbies with the "billionaire attitude" are a pain in the ass and they come here in droves.

I've never gotten any secrets from anybody either, but I've created some of my own while here

 

[ExperiencedJoe]

Here you go

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

Thanks for the link. The thread looks dead. Without reading it, my conclusion is all those involved have lost their shirts, and they have moved off to paying jobs of one kind or another.

 

[AfterLOS]

Thanks for the link. The thread looks dead. Without reading it, my conclusion is all those involved have lost their shirts, and they have moved off to paying jobs of one kind or another.

Hold your horses - have a look again - thread is still alive, op was seen on Friday

How they were all set up for the kill: (excepts)

There is a lot of negativity, disbelief, and cynicism about trading expressed on this site.

I’m only going to report weekly results. I’ve always treated daily p/l’s as noise and don’t pay attention to any time frame shorter than a week when it comes to tracking profits.

My journal will be light on specifics of what or how I trade. A lot of what I do is liquidity sensitive and I do not want to invite people to try to reverse engineer my systems and then compete with me for fills. I am happy to engage in discussions about things like position sizing, risk management, handling emotions, etc, but don’t be offended if I don’t answer your question about “what time and price did you enter this stock and why did you exit”?

 

[MarketAddict]

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.

I'm confused... Are you trying to say there aren't profitable people on the internet?

 

[garachen]

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.

 

[EqtTrdr]

easy.......


NEVER short anything

 

[Aquamain]

Yep. Any strategy that emphasizes monthly profitability follows this pattern:

small profit
small profit
small profit
small profit
BIG LOSS!!
small profit
...

For an extreme example, see Long Term Capital Management.

I disagree, but also I didn't say a strategy that emphasizes monthly profitability. I asked if anyone has been consistently profitable on a monthly basis, and what change made them crossover. This doesn't mean that they purposely emphasize monthly profitability it just means that their strategy has a reliability to it. Also the strategy you described wouldn't be profitable on the weekly basis, much less the monthly. As the person would have serious problem with their risk/reward ratio.

 

[jsp326]

easy.......


NEVER confuse a bull market with being a good trader

Fixed that for you.

 

[jsp326]

I disagree, but also I didn't say a strategy that emphasizes monthly profitability. I asked if anyone has been consistently profitable on a monthly basis, and what change made them crossover. This doesn't mean that they purposely emphasize monthly profitability it just means that their strategy has a reliability to it. Also the strategy you described wouldn't be profitable on the weekly basis, much less the monthly. As the person would have serious problem with their risk/reward ratio.

You can disagree all you want, but where's the evidence? I've seen one money manager who had very few losing months, but he typically made between 0.5% to 1.5% per month. Also, I only saw his track record when the markets were relatively stable. I'm not sure how he'd do during a financial crisis.