Has there ever been a single documented case of profitable live trades?

Discussion in 'Trading' started by whred, Jan 13, 2012.

  1. What difference does that make to you? The objective was to make you a profitable trader... and you are a profitable trader in this example.

    Bottom line: the market doesn't care who does execute, who does not and who cannot. The market rewards for personal performance, only.

    Too many failed traders waste their time lamenting about drivel that has no bearing on their failure, and too little time invested on what it takes to make them personally succeed :)
     
    #61     Jan 14, 2012
  2. reality check for those wandering eternally lost in the desert, following blind leaders :p
     
    #62     Jan 14, 2012
  3. trendo

    trendo

    Yes, the objective was met. But wouldn't you wonder, even a little, why the teacher was using a sim account?

    True dat. :cool:
     
    #63     Jan 14, 2012
  4. Apologies, then, NoDoji, we know now who the imitator is.

    I'd still love to see your trades, but I think you'd been trading in stocks and stay away from futures.
     
    #64     Jan 14, 2012
  5. Ah. I stand corrected.
     
    #65     Jan 14, 2012
  6. two of the biggest failure traps that ALL traders fall in and too few emerge from:

    #1: a belief = desire = need to trade all day, every day, every market wiggle, every blip, every twist and turn. Until a trader realizes that approach is false, they will keep themselves forever churned.

    Want third-party proof? Read Lescor's thread from 2010 where he claimed high six-figures profit result. Along the way he remarked numerous times that many = most days he was done trading by noon, that most of his neighbors and friends must think he's a "slacker" for never being at work.

    #2: a belief = desire = need to believe that being net profitable each and every day is important, or that it even matters at all.

    Want third-party proof? Read Lescor's thread from 2010 where he claimed high six-figures profit result. Along the way he logged a daily profit/loss ratio of something near 50% when the scratch days were backed out

    Too many aspiring traders think they have to "figure out" the market vagaries every single day, or they are doomed to fail. Who here could live with being profitable half the days and unprofitable half the days in 2012... with an overall result of solidly profitable in the end?

    Two of the biggest, oft-repeated, rehashed fallacies in our profession right there
     
    #66     Jan 14, 2012
  7. I heard of some brothers, I think their name was Bright or something like that... they had a school and taught people to trade and made a nice pile of cash trading their own money too... I think they had a thread on ET or something...
     
    #67     Jan 14, 2012
  8. jnbadger

    jnbadger

    Brandon Frederickson used to make live stock calls in his chat room, while admitting he wasn't trading them. His explanation was basically that he was able to be more objective in the process. I think he said he was trading index futures for himself.

    I was only a free trial guy for about a month, but I remember some damn nice calls from him. Whatever works.
     
    #68     Jan 14, 2012
  9. To the OP,

    If you want to find out if trading can be profitable, Read the "Market Wizards" books for some inspiration of what is achievable in this business by the fortunate few.

    Google "Paul Rotter" and read his interview.

    I'm not saying this business is easy by any means, but from these sources you will see what is possible.
     
    #69     Jan 14, 2012
  10. NoDoji

    NoDoji

    I've posted a lot of trades on ET and also posted a lot of charts with my trades noted. I've been doing the same price action style of trading for a little under two years now, and I only day trade futures (I swing trade stocks/options).

    With regard to how I trade and how I manage trades, there's nothing I could post now that I haven't already posted.

    Almost every setup I trade is found here (and also in Al Brooks' book for those who want the graduate-level course in price action):

    http://www.daytradingcoach.com/daytrading-technicalanalysis-course.htm
     
    #70     Jan 14, 2012