You lack in the imagination department. See below. I would eneterpret this as "each of the last 3 years was profitable". Notice, this doesn't contradict to "stuck in an 18 month long drawdown". If the OP had an unusually large profit 18 months ago and quickly lost most of it, he could still be profitable in each of the last 3 years... but hasn't made back all the money he lost (shortly after he made it) Imagine the following scenario: Year 1 Quarter 1: P&L 30K Year 1 Quarter 2: P&L 30K Year 1 Quarter 3: P&L 30K Year 1 Quarter 4: P&L 30K Year P&L 120k Year 2 Quarter 1: P&L 120K Year 2 Quarter 2: P&L (150K) Year 2 Quarter 3: P&L 20K Year 2 Quarter 4: P&L 20K Year P&L 10k Year 3 Quarter 1: P&L 20K Year 3 Quarter 2: P&L 20K Year 3 Quarter 3: P&L 20K Year 3 Quarter 4: P&L 20K Year P&L 80k In the above scenario the trader was profitable in each of the last 3 years but still needs to make 30k to "get out of the drawdown".
it's called the hindsight, idiot. by the way, 2011-2015 will see the biggest collapse of US dollar in history. 2011-2025 will see the longest bear market in history. 2011-2014 will see the biggest increase in gold price, to 4,500 dollars an ounce. 2011-2016 will see the birth of the first great grand child of Osama Bin Laden (a bookie at King's Cross, London, is accepting bets on the gender of the child, place your bet). you are not very smart, you should quit.
An idiot, calling another person an idiot. 2011 to 2025... wow! you can predict *14 YEARS* into the future! Your day, like all others who day trade... is coming. You watch.
Moving from DT to ST is your prerogative, but I think you're making the right choice. Go back and re-read Reminiscences of a Stock Operator and you'll observe that he too, made this move. DT and ST has both its good and bad, but think about it, if you can make the same amount of money with both ST and DT, why would you choose facing your screen for 10 hours a day when you could have the same result fo 2 hours?
Quiting daytrading and stop fighting the robots and at the same time increasing your timeframe is the right step in the evolution of a trader. These are the steps: 1. Beginner: technical day trading, which leads to 2. emotional day trading, which leads to 3. position and swing trading for larger avg. win, which leads to 4. trend following, the method of the masters Your move proves you are on the right path. I am level 3 now and I hope soon to migrate to level 4.
worrying. I would have thought after 3 years of consistently profitable trading, most would assume that they have finally 'made it' or 'got it', and not have to worry about becoming a losing trader again. So maybe we must be profitable for more like 10 years before we can call ourselves a profitable trader.
Day trading is a negative sum game for traders.Trading is a zero sum game.The brokerage industry wants to promote to churn out commissions all day long , at the expense of trader's wealth,health and stupidity. This threads says it all. http://www.elitetrader.com/vb/showthread.php?s=&threadid=218977
Silly nonsense thread.Somebody saif it. the other thing is i would not have come on a silly place full of clowns (see stock777 13,000 useless post) like et and ask a serious question about some fantastic money manager that could make me billions.