POLL: Are you consistently profitable?

Discussion in 'Trading' started by short&naked, Sep 28, 2010.

Are you consistently profitable (live, of course)?

  1. Yes

    31 vote(s)
  2. No

    33 vote(s)
  1. Simple question! Simple answer. :D
  2. m22au


    You claim your four-word question is "simple", yet you did not provide parameters for 50% of the words in your question.

    How do you define "profitable" ?

    How do you define "consistently" ?

  3. I voted no, but I'm profitable enough.
  4. My trading mentality is to "sleep well at night." Therefore I look for trades that offer 80%-90% probability of success with effective rules to limit losses to no more than 20% of required margin. Credit spreads is my primary vehicle.

    I've still got a lot to learn here.
  5. What a naive and moronic question!

    No, I'm not consistently profitable.
    Profitable? Yes, hell yes.
    Consistently? No, NOBODY IS. Not even GS.
    I only trade (and win really big some years). Other years I'm cash.

    You have been suckered to believe this consistently profitable, make a living of peanuts, frequent-trading BS by brokers.
    You are a commissions generating fool.
    If you want to be profitable, trade very long term (years).
    If you want to make a living from peanuts, buy an burger cart.
  6. But there are so many people who trade well short-term using even 5 minute time-series?

    I think if you are trading using Macro Analysis, then it could come good in a 'big' way (or go bad in a big way) but you also need the capital to make it big when you feel you have a good bet. But it is definitely interesting-- because there is a lot of judgment and reasoning involved and its very, very subjective.
  7. Ouch!
  8. i`ve never even started yet..
  9. There are too many brokers already in on this poll !!
  10. TraDaToR


    You are right. They are having like 5 days of losses per year out of their trading activity. GFY now.
    #10     Sep 30, 2010