Yes. I think you just described another criteria of consistency. People would say, this trader reach the stage of making profits consistently, or in another case, this system produces wining trades consistently, or like you said above the pattern you discovered worked consistently. As a scientist, what we value greatly is the reproducibility(repeat over and over again, but not randomly), and I believe engineering works in the same principle. Just for example, if the automobile is functional consistently, then when you hit the gas pedal you expect the car to move, and when you hit the brake, it should decelerate. Of course trading is more complicated than that, but in principle it is that simple, if you appreciate Einstein's simplicity theme.
%% YES; prj, Don't fight the FED. Most of the millions made/billions are market makers/specialists + investors. 10 years is a good trend measure; but should not take 10 years. Sorry,+ even 10 years is not a predictor ;google Knight Capital.,
3 years in counting and still not consistent profitable, but not consistency losing. The key for myself is continued studying and confidence building by practicing and recording results to confirm positive expectancy. I would say just keep on trading and measure results.
There are VERY few things that work. In fact, so little the struggle was not having enough so I would try to jump into something else. It wasn't until I stuck with the little that did work until I started growing and being consistent. Basically stick to what works even if its tiny. It can grow and compound.
Of course all definitions are controversial, let’s say the point when you understand that you can make it
Guys, thanks for your ideas about algo, but nobody said about actually how long it took for them to get consistent (again, I know it’s not easy to describe, but if you are not more or less consistent you could just not answer)
In calendar something about 5-6 years but I think the used hours would be a better measurement because we all have different lifes (full time, part time, mixed...). In my case the number 8000 hours may not be far away from the truth. I read somewhere that to learn any profession by the way you really can say you are consistently good at it will take 10 000 hours average. Based on the fact what was not clear but understandable. The point is the average. There is guys who have made it a lot faster and those still learning. The key is DO NOT QUIT
murray t turtle, Yes, in my long term 401k retirement account, I am doing well with all investment in S&P500 index and contributing a lot bi weekly. My day trading income is still work in progress.
LMFAO LMFAO HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA guarantee weekly profits. Yeah sure, and me and Donald Trump just finish hunting white tail deer in Texas and buying hookers.