Discussion in 'Trading' started by mm2mm, Jan 17, 2013.
If so how long did it take you to be profitable?
Was it hard going where you are now?
You're going to get all sorts of answers here, none of them will be what you want. Best thing to do would be to go back through the old P/L threads, you'll soon work out who's for real, go and read their posts, most of them have posted their back stories at some point.
Yes and not by reading ET.
I am down slightly from where I started this game a little over 2 years ago. I am the only member of this board who is down. Everyone except me is an ELITE trader and very profitable.
My very first trade ever was profitable. It took a couple days.
No. The halfway house had an opening right about the time I was ready to move out of rehab.
As Craig66 stated, just read the Trading P/L threads here and then contact via private message to talk to anyone you're interested in. You can also review many other types of trade journals. Trading P/L threads and trade journals are all @ http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=29
Also, you should do the same at other forum locations, free real-time chat rooms on the IRC networks, follow traders on stocktwits network and so on.
Yet, I'm not implying that if someone is profitable...they will post real-time trades or brokerage statements. The fact is that most profitable retail traders are not going to post trades or brokerage statements. Thus, you're never going to know whom they are because they are not going to respond to your simple question and say "I'm profitable and it took me X number of years".
I was a broker, so I could trade corn spreads on zero margin
my first account was started with less than $400
when my uncle with no children died, he left me 4k
I gave 2k to my wife
so that's 2k plus about $375 initial investment
I made some commissions along the way, and sold some managed acccounts and traded a litle opm
but for 13 years, my main source of income was trading
raised three kids with a stay at home mom and got them all off to college
then I went into a death spiral
fell in love with a trade
closed out my winners to fund my true love loser
and it finally brought me down
and there I was, completely broke, zero dollars in my account
took 9 years of working a real job (in business for myself) just to get back to trading
and that was just a 30k trading account with about two years living expenses in the bank
after 2 years, the trading account was 28k and the money in the bank was about gone
then I discovered es and globex
and I'm still living off that money
but it took one hell of a kamikazie trade to get here
like the man said, "Even if you try, you can't always be wrong."
after I saw what a good deal globex was for the little trader
I switched to www.interactivebrokers.com
and started trading ES exclusively
it certainly wasn't a straight road up
but I got into a groove as a scalper
it was very stressful
especially days when you would get stuck with contracts on the close
and I would stare at the ceiling all night thinking, "Now what the hell am I going to do?"
some of them turned out horrible
but I saw how much you could make or lose by holding a few days
and eventually I became a position trader
life story in 2 min , I like it, thanks for sharing.
What were you trading those two years where you ended up basically BE? Corn spreads?, then you went to ES, now you're at forex? How's FX treated ya thus far?
yeah, mostly wheat, corn and beans, (some currency futures) Cattle, feeders, and hogs. No pork bellies, never traded them even once, in my whole life. Everything outright, no spreads.
fx was great in 2012
very difficult so far in 2013
switched strategies many times
can't find my groove
just trying to protect my profits
everday it looks more and more like gambling, and less and less like trading
but I like it, very comfortable over there in forex
Separate names with a comma.