We are slowly coming to the halfway mark of the year. I started another poll about how traders rate themselves. Now I wanted to start one more poll asking traders if they are profitable this year. Are you profitable?
hi JM if you asked me that Q last yr I would have said I was hardly trading ... had family issues to attend to that were more important than money I did try to look at the markets in my spare time last yr and refine my ideas funny thing is I thought last yr that if I were to make good money this yr it would be in stock index futures ... however my bread and butter has been the precious metals round the clock I will only trade other derivatives from time to time and be willing to lose some money trading them while I try to figure out what works and does not work for me there ... you know what ... I used to try to take every penny and still do like to do that but sometimes when I want to "kick" out my position I do not care really at what prices I get out as long as they are within a general area that still is profitable
If you've have posted this poll last week I would have been profitable. However this week has put paid to that.
It might be better to express YTD profits in percentage terms rather than absolute dollars. A guy with $2M in a 4% money market account has made more than $25K from start of year to current date, yet you wouldn't call him a great trader. (He might be a Mutual Fund Market Timer whose system has told him to stay in cash thus far).
these polls are a tad silly a trader can be having his best yr ever and have made 1000 % or more in his acct YTD but if it was a small acct. the world will not notice however if a HF gent makes 20 % on 100M in YTD performance he is considered a genius
Agreed. This thread was started 5 and a half months into the year. To be up $25K, one only has to average $4,545/month. Not impressive to say the least. If I don't make that in a day, it's a bad day.