Made a living

Hi All

In my day job I come across lots of bedroom sellers claiming to be Richard Branson because they have a eBay account , yet drive a clapped out Fiesta. So I wonder how many on here really have made a living from trading as I am sure when you watch the YouTube videos the guys selling the courses make their living from the courses and not the trade as I have yet to meet a rich business owner who would tell you the secret to their success let alone set up a training school, the old saying comes to mind "Those who can , do , Those who can't Teach"

So for me I am looking at a 3 to 5% return and build slowly to have a nest egg and enjoy the journey on the way. What are your game plans

gtspeed said:

Hi All

In my day job I come across lots of bedroom sellers claiming to be Richard Branson because they have a eBay account , yet drive a clapped out Fiesta. So I wonder how many on here really have made a living from trading as I am sure when you watch the YouTube videos the guys selling the courses make their living from the courses and not the trade as I have yet to meet a rich business owner who would tell you the secret to their success let alone set up a training school, the old saying comes to mind "Those who can , do , Those who can't Teach"

So for me I am looking at a 3 to 5% return and build slowly to have a nest egg and enjoy the journey on the way. What are your game plans

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Win big, lose small. Picking up 2-3 stocks to go long, then you can spend the rest of money doing swing trading or day trading. It's not that hard. The only hard thing in real trading is to accept losses, in my opinion. People are different, so what helps you making money may not be working for others. In order to make money you have to trade, but a perfect plan doesn't insure a winning trade, because psychology always rules.

Dear friend I want to welcome you to this business and I am very much confident that you will be able to achieve your monthly return between 3 to 5% every month without fail provided please never break the Forex rules of becoming a successful trader for example always try to to trade along with the trend and follow a good money management to be a consistent and profitable.

Real Life

Forget the Bowllocks posted above. Most people lose at trading. So - get a job and a very small account and try your luck as a part time trader on a demo account for about three years. If you discover you are a crap trader then you still have your job and money in the bank. If you are really stupid you could believe a lot of the crap posted here and lose your shirt.
Check out the vendor badges displayed in these posts -they flog dreams -if they were any good they would be trading and you would not hear or see them.
Timsk has a thread for aspiring traders -read it all and demo. I f you want a faster route to success without the study ( all free on the web) and practice then I have to conclude that you are stupid enough to be lunch for the dream peddling vendor sharks around here and elsewhere.
I could go on about the size of account one would need to be able to extract a monthly income to live on but I doubt the get rich for bugger all effort would take any notice - reality is not welcome I guess.

gtspeed said:

So for me I am looking at a 3 to 5% return and build slowly

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Then invest and forget trading. If you pick the highest dividend paying FTSE 250 stocks and go slowly in over 18+ months you'll get your 3.5%/year+ - put the capital outlay out of your mind and reinvest the dividends and in 20 years you'll be good to go.

I.e. shell, BP. , bat, talk, ummm do a quick Google for the higher dividend payers :smart:

f2calv said:

Then invest and forget trading. If you pick the highest dividend paying FTSE 250 stocks and go slowly in over 18+ months you'll get your 3.5%/year+ - put the capital outlay out of your mind and reinvest the dividends and in 20 years you'll be good to go.

I.e. shell, BP. , bat, talk, ummm do a quick Google for the higher dividend payers :smart:

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but 3% per month is what I am after

I average about 10% a month. hewhodareswins.com

gtspeed said:

Hi All

In my day job I come across lots of bedroom sellers claiming to be Richard Branson because they have a eBay account , yet drive a clapped out Fiesta. So I wonder how many on here really have made a living from trading as I am sure when you watch the YouTube videos the guys selling the courses make their living from the courses and not the trade as I have yet to meet a rich business owner who would tell you the secret to their success let alone set up a training school, the old saying comes to mind "Those who can , do , Those who can't Teach"

So for me I am looking at a 3 to 5% return and build slowly to have a nest egg and enjoy the journey on the way. What are your game plans

Click to expand...

That's the problem of finding feedback from real traders not scumbags or stuff sellers. If this market exists I think there is an earning opportunity and you don't need to focus on somebody's example to make sure you can repeat his success. Just work hard and be patient and it you will reap your fruits for sure.

gerryg said:

That's the problem of finding feedback from real traders not scumbags or stuff sellers. If this market exists I think there is an earning opportunity and you don't need to focus on somebody's example to make sure you can repeat his success. Just work hard and be patient and it you will reap your fruits for sure.

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Doesn't look like many traders in the threads... at least it's not a really busy place.

gerryg said:

That's the problem of finding feedback from real traders not scumbags or stuff sellers. If this market exists I think there is an earning opportunity and you don't need to focus on somebody's example to make sure you can repeat his success. Just work hard and be patient and it you will reap your fruits for sure.

Click to expand...

At the moment I am doing very nicely and well up on my targets by being carefully and thinking out the day. However I do see loads of people on here who are the same as the clowns as I deal with in my day job ( Director or 3 companies so not stupid by any means) who claim to know everything however fail constantly and earn nothing because they are simply full of their own self importance but know nothing of real time business. Anyway its Sunday and a day of rest :clap:

I actually wouldn't mind monetizing the signal, but that certainly isn't my specialty. Nor is reaching out to traders in a thread based community online. This is the first time in thirty something of involvement with trading markets that I have logged onto a forum site, or even skimmed them.

Sorry to see everyone is so jaded, but I understand the exhaustion with the car salesmen mentality. So, I'll leave a photo attached for posterity and move along.

Hey guys,

I wonder if your returns are characterized with stable and leveled curve or volatile with up and downs monthly? How do psychologically cope with losing months (if there are any)?

I cope by not looking at it as losses but just a number till it's time to withdraw then it becomes money.

gerryg said:

Hey guys,

I wonder if your returns are characterized with stable and leveled curve or volatile with up and downs monthly? How do psychologically cope with losing months (if there are any)?

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What I've found over the years, is that episodic losing almost always rest with the dumb meat puppet mashing the keys.... One of the things I do and recommend to others who trade frequently (more than once a week) Is downloading your trades to excel and taking a cold hard look at what is happening. When I am able to be both mechanical and humble I have regressions that would make a rocket scientist sweep a floor (3.5:1 winners, 4:1 on risk). But, for me, this almost certainly leads to a euphoric state where I begin to free trade. The drawdowns infuriate me (no dopaminergic stimulus due to random outcome) and I revenge myself into wtf is that kind of regression... dumb meat puppet addicted to natural reinforcement... So, I guess it's different for everyone. This is what I look like trading deep in the noise of daily business. The longer term stuff, it's a grind, and it's boring... I get no chemical satisfaction from watching it and thus don't. So it averages up along with the market unabated.

that said... here's today's Gynesis plot for Es on a 15m chart. enjoy.