DislikedWhat incentive do successful traders have to put themselves out there? Think about it...Ignored
When you see it, BET big.
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Are there any successful technical traders? 19 replies
How are these EAs successful for a very long time? 4 replies
Any Consequence for having too many successful traders? 25 replies
How can I find These Values inorder to find resistance and support levels 2 replies
Successful XAU/USD traders 7 replies
DislikedWhat incentive do successful traders have to put themselves out there? Think about it...Ignored
Disliked{quote} i was hoping you will define "successful" without that, it is hard to categorize. and as it is, "successful" has a different meaning to everyone. for example, in my own little world i am successful. i trade full time, make about 2x as much as my last salaried job, with less than half of the 'work' hours. instead of being away from my family weeks ( like last job), i am at home, trading from home. am i a millionaire? not. am i making 100%+ a month? not. am i feeling content with what i make, for the effort i put in? yes. in my own little...Ignored
DislikedIMO, in terms of a statistic, I would say that one hasn't achieved trading maturity until 20% per month (without compounding) with a less than 5% DD is considered easily achievable. A lot of traders on FF will find this "insane" but I am almost certain that there are many traders out there that are doing much higher. They're just not here on FF to tell us about itIgnored
DislikedI trading in this market for a long time ( from 2006 ) and after all these years, I still lose, a lot, and never call myself a trader, gambler maybe. It's all about emotions, it's all about greed you know. You want be rich fast, you want make thousands of dollar profit in a week with your tiny low capital. you open big lots, and not set any SL and open more position in same direction even more ............................................................................ Long story short, until you not manage your emotions, no matter how long you...Ignored
DislikedI really don't get why people are so monetary driven in life. We are talking about success and it is mostly seen as where you live how you live, what you drive. Although most people don't admit or deny that they are all too material. We are all greedy when we are not satisfied with what we have just by comparing ourselves with extreme examples but the reality is just having a 3 meals a day having a shelter and a happy family is the real richness no matter where you stand financially. Yes we all want best for our loved ones but there are a lot of...Ignored
DislikedVery good observation on the dangerous obsession with equating success with money and what money can buy. However, money is a key part of how business success is couched. Trade safe and prosper. KP {quote}Ignored
Disliked{quote} It´s the f****** discipline/emotions/greed. That's why the same "system/strategy" dont work for all. Sometimes I follow price for hours until I have my setup (or what I think is the best setup for me to place a trade) but in the meantime the temptation is enormous. Sometimes after I have made a trade (or my day) in profit, I think why not another trade. I wish you could control these demons, your trade will improve But I also know that you already know that. Green pips.Ignored
Disliked{quote} Buddy, if you can get 20% a month consistently with a maximum drawdown of 5% literally everybody will be lining up to invest with you. 20% is a lot and I don't think it's a good thing to spread that number as "trading maturity". If people get 3-5% on average a month they are doing very well and from my experience and the successful traders I have talked to would agree with that. I'm not saying there aren't any people out there that can do that but they're certainly not the standard for success. {quote} You see a lot of people struggle when...Ignored
Disliked{quote} Alot of successful one's dont reveal their success. They keep it low key as to not want any publicity. I know if and when I get successful I wont reveal any.Ignored
Disliked{quote} Buddy, if you can get 20% a month consistently with a maximum drawdown of 5% literally everybody will be lining up to invest with you. 20% is a lot and I don't think it's a good thing to spread that number as "trading maturity". If people get 3-5% on average a month they are doing very well and from my experience and the successful traders I have talked to would agree with that. I'm not saying there aren't any people out there that can do that but they're certainly not the standard for success. {quote} You see a lot of people struggle when...Ignored
Disliked{quote} I think you shouldn't limit yourself as to what is possible in Trading and life. This kind of performances from the wizard's interviews are very attainable. I know you will say the markets have changed, and my answer is tat they are the same cause men have not changed. People are as greedy,hopeful and fearful as back then. The rest of your post is really really good,shouts to you.Ignored
Disliked{quote} I'm not saying limit yourself and I'm not saying that it's not attainable. I'm saying that 20% a month shouldn't be the standard and that people that do 3-5% a month on average should be considered good traders. The thing is that if people go for something like 20% a month they might end up over trading and shooting themselves in the foot. A lot of people do it because of lack of patience or because of greed and maybe even revenge trading etc. I'm also not saying the market has changed...Ignored
Disliked{quote} let me tell you what money is; 1.Safety 2.Generosity 3.Happiness 4.Better person 5.FreedomIgnored
Disliked{quote} I was trying to point out that success is not how much you make in life and how big your house is things rather everyone can reach. If one has determination they can built anything from ground zero. It again comes down how bad you want this to happen. Happiness is a different subject to talk. As for success again, check out fortune 400 list and see how many started in a well off family.Ignored
Disliked{quote} i was hoping you will define "successful" without that, it is hard to categorize. and as it is, "successful" has a different meaning to everyone. for example, in my own little world i am successful. i trade full time, make about 2x as much as my last salaried job, with less than half of the 'work' hours. instead of being away from my family weeks ( like last job), i am at home, trading from home. am i a millionaire? not. am i making 100%+ a month? not. am i feeling content with what i make, for the effort i put in? yes. in my own little...Ignored
Disliked{quote} I am in that same little world as profitfarmer. Comfortable, not opulently wealthy, not a star trader but happy and content making a reasonable living from trading my own account rather than in a salaried position or having client monies to manage. You do need to define what constitutes success a little more tightly. If we take it as profitable trading the problem you still run into is twofold: risk assumed and longevity. Anyone can bet big and get lucky. They make a huge amount and are a fantastic profitable trader. For now. But can they...Ignored
Disliked{quote} That's what I would call happy trading... Trading in your comfort zone. A loosing day wouldn't bother you or question your system. Tomorrow is another day with opportunities you go out come back. You make 5% a month just collecting those little bits. Stress free.Ignored
Disliked{quote} Buddy, if you can get 20% a month consistently with a maximum drawdown of 5% literally everybody will be lining up to invest with you. 20% is a lot and I don't think it's a good thing to spread that number as "trading maturity". If people get 3-5% on average a month they are doing very well and from my experience and the successful traders I have talked to would agree with that. I'm not saying there aren't any people out there that can do that but they're certainly not the standard for success.Ignored