How Long Does it Take to Make a Stable Income from Trading?

This is a discussion on How Long Does it Take to Make a Stable Income from Trading? within the New to Trade2Win forums, part of the Reception category; Originally Posted by petetrades I am a futures daytrader with the scars to prove it if you want to see ...

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Old Jan 4, 2017, 12:02pm   #281
 
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Originally Posted by petetrades View Post
I am a futures daytrader with the scars to prove it if you want to see them PM me. Show me the futures traders who make stable income. I know DionysusToast and dbphoenix and others who have an interest in futures make a calculable and stable income, but I have yet to encounter any futures traders who do.
Scars? you burn yourself on the coffee machine or somethin?

Have a look at Don Miller trading ES.
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Old Jan 4, 2017, 3:29pm   #282
 
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Originally Posted by petetrades View Post
I am a futures daytrader with the scars to prove it if you want to see them PM me. Show me the futures traders who make stable income. I know DionysusToast and dbphoenix and others who have an interest in futures make a calculable and stable income, but I have yet to encounter any futures traders who do.
Thank you for being honest about how hard it is to make it.Would you disclose your trading history on here?im just very nosey lol.my history is managed to make a small amount with a 20k account over about 3 yrs.was u and down like a yo yo-lost 5k doing shares-made it back spreadbetting-BREAK EVEN-tRAded very small and was about £1200 up -disaster struck and lost 800-had stops in but they were gapped through-so at least i didnt blow up-too tough for me the trading game
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Trade that are not closed will be closed when in profit.
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Old Jan 4, 2017, 10:34pm   #283
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Thank you for being honest about how hard it is to make it.Would you disclose your trading history on here?im just very nosey lol.my history is managed to make a small amount with a 20k account over about 3 yrs.was u and down like a yo yo-lost 5k doing shares-made it back spreadbetting-BREAK EVEN-tRAded very small and was about £1200 up -disaster struck and lost 800-had stops in but they were gapped through-so at least i didnt blow up-too tough for me the trading game
I have lost £20,000-80,000 each of the many years I have daytraded futures or stocks, commissions to the brokerage got from me around £5,000-7,000 per year. Even when I'm profitable during some years (years always end as negative even if positive) I feel like I'm treading water or I need to make more and more to make up for the expenses due to how much it costs just to daytrade futures.
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Old Jan 5, 2017, 12:26am   #284
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For the guys that have 'consistently' not done well what analysis are you guys using ? Chart patterns, moving averages, trend following, mean reversion, systematic, discretionary, any and all of the above?
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Old Jan 5, 2017, 1:10am   #285
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For the guys that have 'consistently' not done well what analysis are you guys using ? Chart patterns, moving averages, trend following, mean reversion, systematic, discretionary, any and all of the above?
All of the above minus systematic trading.
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Old Jan 5, 2017, 2:23am   #286
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An overshoot of a trendline, usually you can count 3 waves or pushes on a 5 min chart intraday on futures after you see an extreme move...turns out this was just a new leg down in a downtrend more often than exhaustion, utterly unreliable strategy, only useful for marketing to newbies who haven't had their pockets drained by the markey yet, as Db_Phoenix knows I'm sure. VWAP is volume-weighted average price, the standard deviations of VWAP can be useful on a stock like AAPL but futures moves too fast and chaotically based on orderbook predatory algos and the like.
I am talking about a test/undershoot/overshot of the recent extreme after a healthy pullback with a break of a major trend line... in my experience they work at least 60% of times.....most of the time the reward is at least the risk, sometime they pay very well...

Last edited by Fugazsy; Jan 5, 2017 at 6:03am.
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Old Jan 5, 2017, 2:54am   #287
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I am talking about a test/undershoot/overshot of the recent extreme after a healthy break of a major trend line... in my experience they work at least 60% of times.....most of the time the reward is at least the risk, sometime they pay very well...
Not on index futures or commodity futures, higher timeframes charts reveal this setup's viability is illusory, more like 55-45 one way or the other, flip a coin which way, no edge here once commissions and trade management are factored in.
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Old Jan 5, 2017, 5:31am   #288
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Not on index futures or commodity futures, higher timeframes charts reveal this setup's viability is illusory, more like 55-45 one way or the other, flip a coin which way, no edge here once commissions and trade management are factored in.
I only trade forex, I have not any idea how to trade what you mentioned.

Here we are talking about possible major reversals, in forex technicality will not be enough for a possible reversal at the new extreme, one needs to take in consideration relative strength, if one is trying to reverse a strong currency versus a weak one he/she has little chances to turn the trade in a positive way but if she is trying to reverse a pair when they matches in either weakness or strength the chances are much more greater, it can be more than 60% which is of course dependable on the trader personal skills.

I guess it will be the same with major stocks, if Apple is showing a major bearish reversal you expect the sp500 in showing weakness or at least prices are at a major resistance.
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