Hello, I am a Hungarian trader from Budapest, I have been dealing with trading for a couple of years, but unfortunately I haven't managed to find a working strategy yet. That is why I am looking for a mentor, who could show me a working trading strategy to become a successfull trader. My e-mail address: superdoji23@gmail.com Contact me if you see a possibility !
Doji, see where, in one message ? (Smiles) Start a journal in this forum, spend time sharing your work/results, do your best, think out loud(with words) when it comes to your mistakes and more likely than not, people will drop you tips. It's always like that. Haven't seen otherwise, unless one is an ahole, then little of luck.
if you really want improvement. post all your previous trades which you said show a net loss. let people here look at them and offer you a suggestion. mentoring is like adoption and very few want another kid. they are expensive
Post the strategy you are using. You'll probably get lots of suggestions on how to improve. Keep asking yourself "Why did I do that?" The harder the question is to answer the closer you are to the problem.
My friend, sorry to tell you that, but in your own statement you have answered yourself why you didn't achieved what you want. As I like Hungary and Hungarian people I will try to put some light on it If you think your goal as a trader is to find "working strategy", then you will never be (or maybe not never but the chances are very low) a successful trader. It is not about strategy. In fact strategies are much less important then the skill of observation and adaptation, risk management, money management or psychology. You need to put tons of hard work and commitment to it. You just need to like to dig and dig and dig for informations, you need to like to test things, you need to like to improve. And you need to adapt to new market conditions. Strategies work and stop working over some time and you need to develop new ones (of course there are some concepts that last very very long but I try to make it easy) You didn't provide here any specific info, what markets are you interested in ? (or it's just about "working strategy"... ?) What are your favorite instruments ? Do you want more to be trader or investor ? What kind of trading you think suits you the most ? your personality ? What have you tried so far ? and many other questions. I'm sure there will be some helpy people willing to guide you in right direction, but you need to give some more info. You also need to be very careful on Internet forums. There is a lot of people who have advices for you but they in fact didn't make it themselves. And unfortunately their advices can more harm you than help you. So be careful. And about people who are on the good way, they usually don't bother in replying to most of topics. If you want to encourage some of them to help you first show them that you already made some hard work, and that you are here not just for "fast easy solution". Maybe someone feel that wants to help you. You know why people in trading are not willing to share too much or just don't care to answer that kind of threads ? Because they know how much effort they putted in it and they know it is possible if you do so, so they expect you to put that effort yourself and to go through that not easy way. And they don't like someone who wants easy solutions. So don't be in that "basket".
That bellhop is in fact Czech https://www.linkedin.com/in/pavel-krejčí-74190362/?originalSubdomain=cz Close enough for geography challenged Americans.... but you are English...
Doji, Ask yourself why a successful mentor would want to spend resources helping a complete total stranger to be a successful trader. since you have been trading for years, perhaps you can ask specific questions and post them in this forum. Or you can post your actual trades in this forum.
Thank you guys for your posts and e-mails replying to my thread. I received some questions what my definition of a working strategy is. So during the years I spent looking for strategies I discussed traders who showed me their performance report about $500 average daily profit. This performance was made on a simply 25K daytrading account. That is 2% average daily profit based on the 25K initial capital. I think it is a very good result if we consider that they never risked the whole capital on a trade, only a part of it. (Unfortunately, nobody shared this strategy only an extract of the performance.) I’m not expecting such a big profit at the beginning, but I think 100% annual profit with 10% drawdown is already tradeable. If a trader can not make 100% annual profit with a reasonable drawdown, it is not worth trading every day (speaking about daytrading). I have encountered strategies which were offered for me, but they were good for nothing. They were not really tradeable, existed only on paper as a backtest with terrible large drawdowns, or minimal annual profits. To avoid confusion, I am not looking for easy money. I know that good system costs a lot of money or a lot of work. That is why I started learning programming to achieve my goal. But I have already encountered professional traders and I know that 500-1000% annual consistent profit is not impossible.