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Successful traders are very, very rare to find

  • #161
  • Edited 1:01pm Sep 1, 2018 12:51pm | Edited 1:01pm
Quoting comeinvest
The reality of our trading world is just like University level but standard of retail trader still in primary school . The real problem is they failed to raise their standard to meet the required level. For example, if you were to ask to solve a complicated math equation and you don't know how to do and failed to do so, do you turn to psychology book to help ? It's a JOKE
No you turn to mql5 forums running on broker money , where all the Muppet masters want traders to keep on losing, because the bucket shop money wants to educate them to lose. The buckets want them to scalp 50 times a day and pay 50 spreads a day, so all the education through bucket stooges is to day trade(99% of day traders lose) scalp and buy eas on forums like mql5 site , eas that are guaranteed to lose money in the long run, and finally lagging indicators based on brilliant math , that tell you after the event to trade.

No wonder you never meet professional traders, the other side of your conversations are with stooges who are brainwashing traders to lose, or charlatan educators working on broker's money or the amateurs who know nowt advising and teaching new traders.

Books are written by failed traders , and new traders are told to read books by charlatans who were never successful traders.The industry is effectively the blind leading the blind.

The more people lose , it suits the entire industry, including the forums they visit, to keep clicking ads for site owners.Even charlatan educators love people to lose, cause they remain on pay checks.No one wants traders to be profitable, that is how the industry is.
  • #162
  • Sep 1, 2018 1:30pm Sep 1, 2018 1:30pm
Quoting loozers
{quote} No you turn to mql5 forums running on broker money , where all the Muppet masters want traders to keep on losing, because the bucket shop money wants to educate them to lose. The buckets want them to scalp 50 times a day and pay 50 spreads a day, so all the education through bucket stooges is to day trade(99% of day traders lose) scalp and buy eas on forums like mql5 site , eas that are guaranteed to lose money in the long run, and finally lagging indicators based on brilliant math , that tell you after the event to trade. No wonder you...
That's the STORY you come out to convince yourself ? Good , keep that with the rest of your life LOOZERS
  • #163
  • Sep 1, 2018 2:11pm Sep 1, 2018 2:11pm
Take a look at this EA:https://www.myfxbook.com/strategies/captainfx/148409 i am not posting this for any economic reasons but too show howmuch consitency matter it has produced 347 pips from start too today beginning in the start of August a profit from 100 dollars too 104000 dollars in one month winrate ca:46.5% but kept the winners just bigger than the loosers.....So a profit of 104883% on 347 positive pips starting out with 0.25 lots and at the end 100 lots of course trading maximum lotsize all the way....So as you can see it is possible if consistant thats the key...580 trades in total only scalping the EUR/USD...
You win some you loose some do both with peace of mind
  • #164
  • Sep 1, 2018 3:12pm Sep 1, 2018 3:12pm
Dear my friends to be succses in fx has 3 solid rules as you know but most of them not obey
1. Have a reson to opening trade. this reason not to be feelings it must be concrete reson and Where to Stop lose Where to take profit
2. Donot exceed all opened trade more then %5 your total balance.
3 .Donot trade with money which you and your family need. This is most importand thing from all of them couse we can not make the right decision while our mind is under pressure.

This is a job not a game or hobby. İf you need any hobby looking away from Fx. You must spend lot of time and study on it.
you Must have stratgy. it is debated whether it is vermiculite, but it must be a strategy that we can develop first. otherwise it is not different from traveling with a ship without a rudder.

i dont know this is succses but; i have solid strategy, i m never lose more then %3, risk ratio min. 1*2. I have been standing in this market for 12 years
Follow For Dream Future...
AselFX All Time Return: 106.3%
  • #165
  • Sep 1, 2018 7:14pm Sep 1, 2018 7:14pm
Quoting RondaRousey
{quote} There are different levels of success in trading. It depends on how much profit you have extracted from the markets: Level 1 : $100,000+ Level 2 : $1,000,000+ Level 3 : $10,000,000+ Level 4 : $100,000,000+ Level 5 : $1,000,000,000+ I stress profits not account deposit. 99.99999% of traders on FF cannot make it to level 1. So the minimum to be even considered "successful" is extracting at least 100k from the markets AND KEEPING IT.

So that would make anyone making less than 100k unsuccessful, or failures to put it bluntly. If 2 accounts were side by side and they both made 5 percent or more a month. They are both successful where the monthend balances ended higher.

What you are trying to say, is success means you must generate x amount. What does success mean to you because it really doesn't make any sense what you are saying? Success in trading means an account with positive inflows every month. The aggregate of all your successes translates into wealth generation. Take those 2 accounts. Without me telling you their balance or trade size, it is clear that the outcome of the trading activity is growing the accounts. Now if I told you that one of the accounts held 100 million dollars and the other 10 thousand. Are you really going to say that only the 100 million dollar account is successful?
  • #166
  • Sep 1, 2018 10:35pm Sep 1, 2018 10:35pm
Quoting VEEFX
{quote} Kudos for making 2x.... when did you quit your job? what was your starting capital in percentage of your annual paycheck? if you may, what is your frequency of withdrawal towards living expenses? Are you or have you tapped into your trading capital since trading full time? If yes, how many times? And, if you may, are you married with kids? Just trying to learn from your experience.
VEEFX,
I doubt you are trying to learn from someone who you ignore ( I am #6 or the 873 you currently do)...

Else I could and would answer.... If not seeing it, why bother?
Happy weekend!
there is always, always another trade!!
  • #167
  • Sep 2, 2018 12:32am Sep 2, 2018 12:32am
Quoting OHLC
IMO, 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 it
It’s insane. Best result I’ve achieved consistently (7+ years) is 60-70% net annual growth with no more than 15-16% drawdown at any moment. And even the mostly hated Spreadbetter said this is insanely lucky result. The leverage required to achieve this is 20:1 (you do not need 500:1 or similar).
  • #168
  • Sep 2, 2018 12:32am Sep 2, 2018 12:32am
Quoting RondaRousey
{quote} A trader who has extracted 100mil in trading profits is more successful than a trader with 10k profits. Like it or not trading profits is the only way to keep score and the only way to survive. You don't make huge trading profits, you are doomed

They are going to internet sites for lulz , to learn from all those stuck around internet sites, likely to learn all the unprofessional knowledge
  • #169
  • Sep 2, 2018 12:39am Sep 2, 2018 12:39am
To have a meaningful discussion you really need to define what is long term. My lonterm is defined by the 8th consecutive year I’m trading - so I can speak for such period only.

I wouldn’t take statements in this thread like “since August 2018” I tripled the account. Can you triple it next 96 months each month?! :-)

Dont all get me wrong - my capital is chopped in 12 accounts and there were months I’ve extensively traded only 1 or 2 of those (the others were reserves), so there were doubling the amount in some of the accounts - but not the entire portfolio.

Every trade is speculation - and you just can’t put everything on one or two trades. Trading is like auto rally - you earn a second from each corner, slow and steady gain - and you can loose all seconds advantage if you skid somewhere.

Survival is essential, profits comes as bonus.
  • #170
  • Edited 3:49am Sep 2, 2018 12:47am | Edited 3:49am
Quoting michaelpelly
To have a meaningful discussion you really need to define what is long term. My lonterm is defined by the 8th consecutive year I’m trading - so I can speak for such period only. I wouldn’t take statements in this thread like “since August 2018” I tripled the account. Can you triple it next 96 months each month?! :-) Dont all get me wrong - my capital is chopped in 12 accounts and there were months I’ve extensively traded only 1 or 2 of those (the others were reserves), so there were doubling the amount in some of the accounts - but not the entire...
One big problem is that in the net are too many strategies which simply aren t profitable...I can t say this as coder where I optimized EAs like hell but nearly no win...Also here are many systems which CANT work in my eyes...and others which are excellentToday I look on strategies I could bet they dont work...and they dont work(after coding it!)... try what components are good for a strategy is what u have to learn...
Vucking good EA coder... https://t.ly/AZjRM
  • #171
  • Sep 2, 2018 2:07am Sep 2, 2018 2:07am
Quoting RondaRousey
{quote} Essentially, success is relative. If every person can achieve similar trading results as yours, you are not successful. If you can do produce trading results that no one or very few can accomplish, you are successful.
Success is the ability to replicate positive performance, year after year in the future. Humans can not replicate success because of behavioral patterns.The ancestral brain you bring to trading is not re programmable to trade successfully, the ancestral brain has a huge handicap.


Financial success is not a sign of success , repeatable financial success in the future is success. Highly optimizing eas in the past is success for the amateurs, success which will never be repeated in the future. Only automated programmes can replicate success, without the 12 inches between the ears destroying success.

Making money one year or a few months is not success, because it can all disappear fast as luck brought it you.
  • #172
  • Sep 2, 2018 2:28am Sep 2, 2018 2:28am
"Successful traders are very, very rare to find"

Not really true,just look at this chart.
Actually, not any different from any other business.
Probably 20% of people who open a new Restaurant make it..
Attached Image (click to enlarge)
Click to Enlarge Name: Profitable-and-Losing-Clients-Percentages-2.jpg Size: 137 KB
  • #173
  • Edited 4:17am Sep 2, 2018 3:59am | Edited 4:17am
Quoting cuchuflito
"Successful traders are very, very rare to find" Not really true,just look at this chart. Actually, not any different from any other business. Probably 20% of people who open a new Restaurant make it.. {image}
This comes from a guy who proclaims to spend 30000 Euros on 75 EAs, has written himself 200 EAs and is here begging like a poor man for EAs in mq4 code...
This is the background...if you are NOT successful success is like a high hill which is never reachable..

(1.)Successful strategies gets away like a rain shower in egypt....
Example:
The MOT-Thread...after getting 40% the owner removed the trend indicator....after 120% he removed the main part of the strategy description and now sell the EA in a new thread....
The GAP Excel thread...the longer the thread lasts and the better the results have been...the less information was posted...until nothing...

(2.) The best strategies are not the ones with the most replies...I found gems here with only two pages....
(3.) Scammers like GB post here strategies which are so complex it takes much time to understand and you can t test them....I coded an indicator to calculate one 90% strategy....which of course gets only 50%...but this is NOT interesting for most people!
Here s the system:
https://www.forexfactory.com/showthread.php?t=598223
And here my proof it is just about 50%:
https://www.forexfactory.com/showthread.php?t=791178
Test yourself!
(4.) People give up too soon:
https://www.forexfactory.com/showthr...9#post11407189
As you see I calculated two profitable complete different scenarios
And yes before you ask...I ll recode his indi as EA the next weeks...
Vucking good EA coder... https://t.ly/AZjRM
  • #174
  • Sep 2, 2018 4:24am Sep 2, 2018 4:24am
Quoting cuchuflito
"Successful traders are very, very rare to find" Not really true,just look at this chart. Actually, not any different from any other business. Probably 20% of people who open a new Restaurant make it.. {image}

Yeah another chart which brokers want to give you hope, that traders have a 40 % chance of success., so the blind keep doing the same thing over and over again , it is insanity.It is only a marketing gimmick.

The true figures are always hidden from traders

https://www.forexfactory.com/showthread.php?t=714796

https://www.forexfactory.com/showthr...8#post11349498

https://www.forexfactory.com/showthr...7#post11349727
  • #175
  • Sep 2, 2018 4:35am Sep 2, 2018 4:35am
Quoting reteid2222
{quote} This comes from a guy who proclaims to spend 30000 Euros on 75 EAs, has written himself 200 EAs and is here begging like a poor man for EAs in mq4 code... This is the background...if you are NOT successful success is like a high hill which is never reachable..
If you don't know what to code , you hang around forums and internet sites , you pick up garbage information and code it into EAS .

So result of EA = garbage free forum systems invented by bucket shop stooges + forum coder scrubbing for for free ideas to code= free lunch bucket shop scrubbing EA.


Real trader goes in real market ,invents new unknown ways /methods to make profits, takes quality logic to coder +professional coder who charges $100 per hour = professional profitable EA .

Scrubbing EA versus professional real stuff EA. Which one winges?

You will have to go into the market, loose real money , then you will find strategies that are not known to all , I mean profitable strategies.
  • #176
  • Edited 5:25am Sep 2, 2018 4:49am | Edited 5:25am
Nowadays I let EAS do all the work of stalking the market. and subsequent management of trades.

If you are any good at trading ,you would want your mindset to be clear and focussed on your trading , and free of ambiguity and nonsense information from forums.

A boxer can't win by listening to the crowd , but by listening to his coach.The important thing with trading is to have a clear mindset , free from any useless distractions , free from any necessary overload on the mind.When volatility breaks out undivided attention is required on the charts and trading requires a load of concentration , and precise timing of entries.

The habit of posting and addictive posting often interferes with trading mindset and mental overload.It is mainly for undisciplined/unsuccessful traders .A good trader should be stalking the market with undivided attention , like a lion stalking. Is the lion singing to the warthogs?Why should you post on forums?

I do it because I don't trade , EAS do everything for me.

Inserted Video
  • #177
  • Sep 2, 2018 5:52am Sep 2, 2018 5:52am
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?

I agree, you will not find successful DAY traders, because they don't exist. If you spend enough time on forums, you will learn how to lose, indicators do not work and if they did, everyone who attempts to trade would be a wealthy people.

While trading low time frames, people are just gambling, start trading Weekly charts and people might start to profit from their trading activities.

Asw
  • #178
  • Sep 2, 2018 6:25am Sep 2, 2018 6:25am
Quoting Asw
{quote} I agree, you will not find successful DAY traders, because they don't exist. If you spend enough time on forums, you will learn how to lose, indicators do not work and if they did, everyone who attempts to trade would be a wealthy people. While trading low time frames, people are just gambling, start trading Weekly charts and people might start to profit from their trading activities. Asw
This is what big banks and hedge funds do - they have the capital, they can wait, they can average losses, they can double top profits - and when they have 10% annual growth it is considered success. But this is the only way to stay in the game for long long years.
  • #179
  • Sep 2, 2018 7:31am Sep 2, 2018 7:31am
Of course day trading successfully is possible. You don't need to trade daily or weekly in fact you don't need charts period. Everyone struggling has fallen into the technical analysis trap and make up unrealistic excuses or hypothesis of why they are not successful. If you are unsuccessful then how can you possibly explain why you are unsuccessful or why success isn't coming. If it were that simple then the sulution wouldn't be so insurmountable
  • #180
  • Sep 2, 2018 7:46am Sep 2, 2018 7:46am
Quoting EcoTrader
Of course day trading successfully is possible. You don't need to trade daily or weekly in fact you don't need charts period. Everyone struggling has fallen into the technical analysis trap and make up unrealistic excuses or hypothesis of why they are not successful. If you are unsuccessful then how can you possibly explain why you are unsuccessful or why success isn't coming. If it were that simple then the sulution wouldn't be so insurmountable
Of course day trading successfully is possible. <== Why has no one ever met a successful one then| and can show a live account as evidence??

Everyone struggling has fallen into the technical analysis trap and make up unrealistic excuses or hypothesis of why they are not successful. <== How else, would you day trade, certainly not fundamentals.

Asw
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