How much did it take to become more or less consistent for you?

Discussion in 'Trading' started by prj, Nov 27, 2019.

  1. newwurldmn

    newwurldmn

    Ok deepak.
     
    #71     Nov 29, 2019
    TickSeeker likes this.
  2. Overnight

    Overnight

    You mean Deepak Chopra? Heh, he's an interesting character.

    I have a better mentor for you, if you are daytrading, because it is where your mind wanders while daytrading.

    It is the mind of Raleigh Theodore Sakers to make us profitable, because his thoughts float us to that special place where we can decide on direction. Yes sir.

     
    #72     Nov 29, 2019
  3. Thank you. I am honored.
     
    #73     Nov 29, 2019
  4. CharlesS

    CharlesS

    Next you'll say you Brits don't celebrate the 4th of July either :sneaky:
     
    #74     Nov 30, 2019
  5. imjohn

    imjohn

    Took several months (part-time) to become a consistent loser. Had to get past a lengthy "beginner's luck" streak.

    Took a couple more years (part-time then full-time) to become a consistent "breakeven-er". Had to develop a framework for pulling profits out of price action.

    Took another year (full-time) to become consistently profitable. Had to overcome bad behaviors which prevented me from consistently executing my plan.

    This is a game that requires consistency before it consistently rewards.
     
    #75     Nov 30, 2019
    Evgeniy and themickey like this.
  6. .... over far too short a period to draw any meaningful conclusions.

    GAT
     
    #76     Nov 30, 2019
  7. Branos

    Branos

    It always works out differently. Sometimes you only trade one hour a day, sometimes you have the opportunity to work almost every day. In any case, at least some time you need to find. Moreover, the market is not always saturated with a huge number of events. Maybe it's a situation when you start working and can't find a good entry point. I can say that I have studied hundreds of stories of traders of different levels of preparation and with different results. I have seen traders who have made big profits in just a couple of years. I know those who have been trading for more than five years, but they never saw a good profit and did not even understand the basic aspects of trading. A lot depends on how seriously you take this business and whether you are ready to invest your time and effort to learn how to earn money here and become a master in the field of trading.
     
    #77     Nov 30, 2019
  8. gowthamn

    gowthamn

    How is your consistency till 2019? Still above 200% per year? Does your strategy scale to millions of dollars?
     
    #78     Nov 30, 2019
  9. Another thread has my 2019 equity curve. Did not scale up, though it could. But I guess performance will be lower but still profitable
     
    #79     Nov 30, 2019
    gowthamn likes this.
  10. gowthamn

    gowthamn

    Your strategy is with stocks, options or forex?
     
    #80     Nov 30, 2019