Any long term strugglers out there?

Someone could start their trading career and decide upon a certain moving average crossover system, and they might make money over a 2 year period.
But this would just be because the market conditions happened to suit their moving average choice.
That person thinks they have an aamzing edge, but soon they'll give all of their winnings back.

Someone mentioned arbitrage vs punting. I think they're right. I think that it is possible to make money trading, but just not in the way that everybody here is trying to do (including me).
I think There isn't a method or way of reading the charts that can give you any sort of edge.

 

My account proves otherwise I'm very happy to say, you just haven't found it yet.

To be honest, it's less about a method and more about racking up 1000nd's of hours of experience.

You have to continually assess your edge and make changes to your edge to suite the current market conditions, I do this live all the time to keep on top of the game.

 

When you read about losers all you will get is depressing news. There are lots of daytraders who trade for a living with no other source of income. These traders trade with retail accounts.
If your a licensed professional with a Series56, unless your trying to live beyond your means. With a decent account of >$100K, you should easily earn $52K your first year which is about $200 a day. If you can't earn $200 a day using either a professional or retail account your in the wrong line of work!

 

By reading this post the author is definitely someone who lacks experience.

 

That's how I make my money reading charts alone and have been pretty successful at it.

 

Seems to me like you are saying that many systems will go to hell without trend.
Prices ranging seem to be more common. Dont markets trend only 30% of the time?
It would not surprise me to find that some traders specialize in trading range.
Seems tougher to trade range though
I dont mean ES 5 minute chop but more along the lines of a curency in a defined channel
for weeks. A high winning percentage and leverage can overcome small gains and that
always difficult "let profits run" mantra may not apply. Just a theory i have. Nothing solid.

 

With that 50% correctness you are already the most fortunate trader alive if only you cut the losses fast on the other 50%

 

Excellent post, and outstanding attitude, KDSSFTG.

 

Try missing a couple of payments as a solution

 

You're abs correct on all counts, Eddie. There is only one thing you can be sure of when in the markets. You will sleep like a baby = wake up every hour and cry.