Why have you not made it as a trader yet?

[Pkay]

Not nearly enough risk capital to truly trade the size and method that I want.

$15-30k accounts aren't that bad but I'd much rather (obviously) have $300k to risk instead. Maybe this means I'll just lose more money but I doubt it, I've been net net positive since I really quantified my strategy and positionsize/risk management metrics.

To be perfectly honest, if you can't be profitable with a $15k account then it's very unlikely you will be with $300k.

 

[Pkay]

Why are you not consistently profitable trader, why are you not making the money and being able to live off trading?

What do you believe is your biggest weakness? What do you need to overcome to succeed? What are you missing/what are your most common mistakes?

In other words, describe why you've not yet made it as a trader.

What's missing?

Good question. I am not profitable because I'm lacking a real edge.

I have controlled the risk side of it, don't risk more than 1% a trade so don't get big draw downs.

The problem is that the wins are quite sporadic and, at the end, I'm just about breaking even each month.

It's pretty frustrating. I know that my problem is the lack of a real edge.

 

[drcruz]

Good question. I am not profitable because I'm lacking a real edge.

I have controlled the risk side of it, don't risk more than 1% a trade so don't get big draw downs.

The problem is that the wins are quite sporadic and, at the end, I'm just about breaking even each month.

It's pretty frustrating. I know that my problem is the lack of a real edge.

Have you heard the Whipsaw Song by Ed Sakota? My understanding is typical trend trading strategies are only 30 to 40% winners. Bill O'neal and Larry Williams say that they are >50/50 because they add fundamentals to their decision making.

 

[trader888i]

why do 50% of lottery winners blow their winnings and broke?
it's self sabotage. or like of discpline. I don't know.
trader self-sabotage.

like they say easy come easy go in casinos. if you can make money that fast, you can lose it that fast.

 

[trader888i]

I think the idea of self-sabotage.
traders who win money lose it like lottery winners who win 10 million and just lose it.
they didn't do anything to deserve those money or profits. other than speculating and adding very little economic value.