How long before you can be called "consistently profitable" ?

Discussion in 'Trading' started by prox, Dec 13, 2002.

  1. prox


    Oh no, the system I use is publically available anyways..

    just wondering how long before I can say I've gone from a chop around break even trader to a profitable one.

    For instance, 1 month of winning can just be a hot streak .. ya know.
    #11     Dec 13, 2002
  2. prox


    When I was chopping around , I always found that my worst days come right after very good days. Seems like I get overconfident and fail to respect the market (overtrade, trade too big, trade so-so signals) and what it can take away from me.
    #12     Dec 13, 2002
  3. prox


    Thanks, the system is based on visual trendline breaks and setups on the CCI (Woodie's system) which would be impossible to program.

    Therefore, I've been keeping a real time trade log of the system setups on a trading simulator for the past 4 days:

    23 wins, 16 losses, 2 BE about 60%
    Wins +53.75 ES pts , Losses - 18.25 , Net: 35.50, 2.95 W/L ratio

    I've even thrown in .25 slippage on both sides , so the win % might be better in real life. Granted, it is just 4 days but very promising for a break even trader.
    #13     Dec 13, 2002
  4. bobcathy1

    bobcathy1 Guest

    I know, it is impossible to program my system too.
    Too subjective.
    Going to try though, the idea fascinates me of money being made
    automatically while I live my life.:D
    #14     Dec 14, 2002
  5. axehawk


    I know a guy who works midnights at an auto plant and then trades at a prop firm during the day. He's been profitable for 3 years and makes close to 6 figures trading. He says he rarely has any losing days. Yet he will not quit his factory job because he thinks he hasn't proved anything as a trader. He is not sure if his profitability will last.

    If your next question is "what does he trade?", he scalps NYSE stocks.

    #15     Dec 14, 2002