Did you make a profit in 2017?

This is a discussion on Did you make a profit in 2017? within the General Trading Chat forums, part of the Reception category; Originally Posted by brewski1984 Wait, what? Vince told me I could make £100-£200 guaranteed every day? Yep, turning 20k into ...

View Poll Results: Did you make a profit in the 2017?
My account grew (profit) 12 48.00%
My account stayed more or less the same (break-even) 4 16.00%
My account shrunk (loss) 6 24.00%
I didnít keep a track of all the figures so Iím not sure 3 12.00%
Voters: 25. You may not vote on this poll

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Old Jan 23, 2018, 2:24pm   #16
 
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Joined Jul 2017
Quote:
Originally Posted by brewski1984 View Post
Wait, what? Vince told me I could make £100-£200 guaranteed every day?
Yep, turning 20k into 40k in one week, not a big deal
Everybody can do it for 3 easy payments...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jan 23, 2018, 2:39pm   #17
Joined May 2013
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Originally Posted by tomorton View Post
Finally voted and answering this question.

Unhappily, I lost money in 2017 but learned a lot nevertheless, and I'm hopeful it was a transition year for me.

January-March, I traded only Steven Primo's Strategy #4, almost wholly on FTSE350 stocks. Results were not not terrible but not as good as hoped for.

April and May I cut down on Strategy #4 and resumed swing trades using Marc Rivalland's methodology. During June and August I added a few more candlestick entry patterns and broadened targets to include FTSE SmallCaps and AIM100 stocks (in July I took a break). From August onwards trades were almost wholly in forex pairs and indices. Monthly losses reducing.

System hopper.
In September I started pyramiding winning positions and developing a pyramiding system. Monthly loss reducing again.

October was a small loss, but gaining much confidence in defining and pyramiding trend-following trades.

In November I bulked up my trading account and continued trend-following and pyramiding forex and indices. From that point I have grown the account balance by 65%. If current open trades were closed right now, the account growth since 08/11 would be +170%.

Hoping for a healthy 2018.
System hopper. You need to find a single edge and stick to it.
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Old Jan 23, 2018, 2:40pm   #18
Joined May 2013
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Originally Posted by Quantt View Post
Maybe, but I donít think so, every system will have losing trades, days, weeks, months and years... the goal is to have more winnings in the end and the magic of compounding will make you rich in the long run...
Have you backtested it?
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Old Jan 23, 2018, 2:44pm   #19
Joined Feb 2002
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Originally Posted by wallstreetking View Post
System hopper. You need to find a single edge and stick to it.

Guilty as charged.
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Old Jan 23, 2018, 2:53pm   #20
Joined Feb 2002
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Originally Posted by wallstreetking View Post
System hopper. You need to find a single edge and stick to it.

By the way, have you voted in Kaeso's poll?
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Old Jan 23, 2018, 3:00pm   #21
Joined Sep 2010
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Originally Posted by wallstreetking View Post
I have come back to this forum after a long time. Are there any threads or journals with consistent performers.
Start one
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Old Jan 23, 2018, 3:07pm   #22
Joined May 2013
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Originally Posted by tomorton View Post
By the way, have you voted in Kaeso's poll?
Yes, I did. I had 30% plus return in 2017. My £3k account now stands at £3964.
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Old Jan 23, 2018, 3:09pm   #23
Joined Feb 2002
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Yes, I did. I had 30% plus return in 2017. My £3k account now stands at £3964.

Good work, that's pretty respectable. What's the basis of your approach?
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Old Jan 23, 2018, 3:15pm   #24
 
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Joined Jul 2017
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Originally Posted by wallstreetking View Post
Have you backtested it?
...only for a few market cycles...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jan 23, 2018, 3:19pm   #25
Joined May 2013
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Good work, that's pretty respectable. What's the basis of your approach?
Trend trading bro. Cut your losses and let your winners run.
I would like to document it on here but it's not easy. If this site can provide a spreadsheet like setting whereby we just input our trades with entry and exit values then it would be easier.
The infrastructure on this site is very basic.
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Old Jan 23, 2018, 3:47pm   #26
Joined Feb 2002
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Trend trading bro. Cut your losses and let your winners run.
I would like to document it on here but it's not easy. If this site can provide a spreadsheet like setting whereby we just input our trades with entry and exit values then it would be easier.
The infrastructure on this site is very basic.

If you mean trend-following, we're actually on the same page. People get bored with me banging on about it.

The details are boring but I get into trends using any convenient entry pattern, but not early, I like to see consistent smooth trends before they become a target. I pyramid aggressively - as soon as a winner make profit equivalent to the initial capital risked I add another trade, and keep repeating that and moving stops accordingly (call it grid trading maybe?) until the stop is hit. I cut early losers aggressively - if the initial trade drops to halfway to the SL before a pyramid trade is added, I cut 80% of it: once a second trade has been added, I let them all run come what may.
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Old Jan 23, 2018, 5:58pm   #27
 
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Main account finished on the right side although I found UK ftse100 shares pretty difficult and they jerked me around a lot.

For the first time in over 30 years I managed to bust a play account and run it to £15 from £3500. Iím too embarassed to tell you about the awful trading involved . Suffice to say it was about obstinate insistence on the short side despite continuing evidence to the contrary
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Old Jan 23, 2018, 6:42pm   #28
Joined Feb 2002
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Main account finished on the right side although I found UK ftse100 shares pretty difficult and they jerked me around a lot.

For the first time in over 30 years I managed to bust a play account and run it to £15 from £3500. Iím too embarassed to tell you about the awful trading involved . Suffice to say it was about obstinate insistence on the short side despite continuing evidence to the contrary

Aaaargh! Even I haven't donme that for such a long time jon. Are you over that phase?
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Old Jan 23, 2018, 7:28pm   #29
 
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.......Are you over that phase?........
I certainly hope so! Mind you, I thought I was over it donkeyís years ago
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Old Jan 24, 2018, 2:06am   #30
 
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Originally Posted by Kaeso View Post
Hi

I though it might be interesting to see how peeps of the forum did as a group last year in terms of making money (in a real account, not demo). Iíve made up a pretty basic poll here just to get an idea of what proportion made a profit etc. I've kept it anonymous (no one, including me, can see voters usernames) so be honest to get an accurate picture. If you feel you made/lost an ďinsignificantĒ amount then its up to you what you call it. Feel free to post any other info in the thread if you wanna share more details.

Enjoy the weekend

K
Here is some new traders like me which couldn't join it in 2017, but with the passage of time we'll earn profit and gain experience about earning from already joined members like you, hopefully experienced members help the new joiners
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