Why Profitable Trading Is So Difficult

[wrbtrader]

...In ET traders don't get killed by death of a thousand stops because as soon as they notice "the chop" they stop trading,.

However, in ET, traders also don't miss big runs either. For instance, if they implement a rule where you will stop trading after 2 subsequent losses due to chop, you halt the trading, however, if the real trade is on the 3rd, they dont' miss it either because they know the chop has ended, and forget getting that 3rd loss or 4th, because when wrong they only lose twice (LMFAO)

What can I say, only in ET, but hey, makes you happy to be gullible, be my guest, been around the block a very long time to differentiate fact from fiction.

And no, I don't believe profitable trading, or even profitable daytrading is impossible, far from it, but I don't like it when turds are covered with creamy delicious chocolate syrup.

For those living in lalaland now that you reached the pinnacle of greatness...

May I suggest an end to world hunger? At least the kids, come on!

Macattack would strongly disagree along with a dozen or so journals in the journal section by traders complaining about problematic trading in the chop that they only see in hindsight instead of seeing it when they want to see it...as in in real-time while trading.

How do you trade the rest of the day from 7:10 until 11:30 Pacific Time?

I can see how choppy & range-bound it was now that it's all hindsight, but at the time
it's actually happening I see setups & many trades to enter & get stopped out on

Just the same, there are lots of journals in the past few years by traders that complain about missing the big moves or wishing they had the guts to trade them big moves and bitching about today's problematic market conditions.

Therefore, it would seem you see ET via only what you want to see. That's ok but don't assume others see what you see as I noted about macattack and so many other traders. Most here have trading problems and openly discusses such. Therefore, please take a walk around the block a few more times to get a clearer vision of the reality. Simply, don't let your personal bias against a few that say they're profitable cloud your vision of what most ETers are saying about their trading when those few show up to try to help the masses.

Lastly, since you don't believe profitable trading is possible, I highly recommend you stop trading and go find another hobby or career instead of wasting your valuable time at a forum full of traders asking for help with their trading...seriously...don't you think its time for you to minimize your losses and move on to something more fruitful.

Life is too short for that type of online persona you have.

 

[Daring]

Macattack would strongly disagree along with a dozen or so journals in the journal section by traders complaining about problematic trading in the chop that they only see in hindsight instead of seeing it when they want to see it...as in in real-time while trading.

Just the same, lots of journals in the past few years where traders complain about missing the big moves or wishing they had the guts to trade them big moves.

Therefore, it would seem you see at ET only what you want to see. That's ok but don't assume others see what you see as I noted about macattack and so many other traders. Most here have trading problems and openly discusses such. Therefore, please take a walk around the block a few more times to get a clearer vision of the reality.

Simply, don't let your personal bias against a few that say they're profitable cloud your vision of what most ETers are saying when those few show up to try to help the masses.

Lastly, since you don't believe profitable trading is possible, I recommend you stop trading and go find another hobby or career instead of wasting your valuable time at a forum full of traders asking for help with their trading...seriously.

"And no, I don't believe profitable trading, or even profitable daytrading is impossible, far from it"

You can trade but you cannot read, only on ET as well!

 

[Redneck]

Lastly, since you don't believe profitable trading is possible, .

WRB

Daring does believe profitable trading is possible

He just doesn't believe it can be read real time and successfully acted upon - apparently ??

His sentence about trading profitably is a double negative

eta - never mind

RN

 

[Daring]

WRB

He just doesn't believe it can be read real time and successfully acted upon - apparently

I believe it can be read real time and successfully acted upon, yes, very much so.

However, there's a certain "ugliness" to trading that cannot be avoided, no matter how skilled you are, and the obvious omissions from the likes of gurus making it look like intraday scalping the 1min/5min is as easy as making popcorn in the microwave rubs me the wrong way.

Obviously, I'm the minority in this thread, so this time I will keep my promise and slowly crawl into my bed to get my beauty treatment before FOMC.

 

[wrbtrader]

WRB

Daring does believe profitable trading is possible

He just doesn't believe it can be read real time and successfully acted upon - apparently ??

His sentence about trading profitably is a double negative

eta - never mind

RN

That's possible

 

[wrbtrader]

I believe it can be read real time and successfully acted upon, yes, very much so.

However, there's a certain "ugliness" to trading that cannot be avoided, no matter how skilled you are, and the obvious omissions from the likes of gurus making it look like intraday scalping the 1min/5min is as easy as making popcorn in the microwave rubs me the wrong way.

Obviously, I'm the minority in this thread, so this time I will keep my promise and slowly crawl into my bed to get my beauty treatment before FOMC.

You should read some of NoDojis earlier messages here at ET about her struggles with trading for a long time until things started making sense for her. Simply, your bias against a few in this thread is misguided because you didn't take the time to review their post history, their own trading struggles and laughed at by other ET members.

To be upfront, when NoDoji arrived here and I saw the problems she openly discussed in her trading...I didn't think she would make it. Yet, slowly I started seeing progress in what she started talking about.

Fast forward, she's still here...still standing while those like you can't see beyond a few months of posting history for some strange reason (do you folks do such intentional ?) as if you showed up at a film at the theater to only watch the last 15 minutes of a 2 hour film to use as your thesis of the film.

Remember, just because someone says they're profitable, it would seem like common sense to me to assume that they were not profitable out of the gate and that they put in the hard work that's needed to get where they are at today.

 

[Redneck]

The main reason why most retail traders lose is because they are not prepared. They’ve never taken the time to learn about profitable trading methods and convert such methods into a personal business plan for trading. They have no idea how to apply methods of trading that places the odds of profitability over each series of N trades in their favor.

However, there’s also the paradox in which traders who are fully prepared technically, who have everything necessary to trade including a profitable trading plan, simply fail to execute their plans. The reason why most of these traders, many of who have traveled very far along the path toward consistent profitability, fail is because profitable trading “feels” very counter-intuitive at the hard right edge, causing the ill-prepared to gamble their capital away and causing the well-prepared to second guess the methods that work so beautifully when applied after hours with no real capital at risk to invoke emotion-driven behavior.

There is also an aspect to this gig, where one has to suspend all the mind clutter and simply act upon that which is occurring real time

How many,

Think the mkt is out to get them
Try to guess/ second guess what the other trader are thinking
Second guess their own thoughts / actions
Can't grasp uncertainty… let alone operate in it – while keeping a clear head
Don’t trust price… let alone their self – or – their ability to act in their own best interest
Want to fight – every F’n thing
Can’t exit a loser – while it still small or b/e
Can’t sit patiently, after missing a trade, until the next set up comes along
Can’t let a working trade – work
Become flustered when volatility/ momentum show up
Can’t repeat that which works

No trading this way isn’t easy – at first… but once you get it – it’s really no harder than reading a dime novel and following along

jme – whether anyone agrees or disagrees – I really don’t give a shit

We all get exactly what we want – may you want what you get

RN

 

[Redneck]

However, there's a certain "ugliness" to trading that cannot be avoided,

And what would that be

Mkt is a data set of buying and selling - neither good or bad... pretty or ugly... malicious or benevolent

It simply exists

Possibly.., it's the one in the mirror who makes it - . . . . .

RN

 

[Tonkadad]

Possibly.., it's the one in the mirror who makes it - . . . . .

RN

Ouch! That hurts.

 

[hitchslap]

First call of the day.
Gonna be exciting when the pros call a few.