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 Not on index futures or commodity futures, higher timeframes charts reveal this setup's viability is illusory, ...

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Old Jan 5, 2017, 9:26am   #289
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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.
Its funny you mention indices hence they just go up with time ...
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Old Jan 5, 2017, 11:56am   #290
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Its funny you mention indices hence they just go up with time ...
That's not relevant for daytrading.
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Old Jan 5, 2017, 12:04pm   #291
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That's not relevant for daytrading.
You dont have to daytrade , another idea here is to just daytrade the buy signals ....
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Old Jan 5, 2017, 12:04pm   #292
 
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That's not relevant for daytrading.
Some would disagree with your opinion on that
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Old Jan 5, 2017, 12:15pm   #293
 
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some questions:-

1) How many years have you been trading?
2) In ES, what kinda size do you trade relative to acc? (notional / acc)
3) Have you ever ever learned to 'manage risk with size' as Don puts it?
4) What does the sum of money lost mean to you?
5) Do you look for confirmation before you trade?

and the old fav

6) Do you like to use stops to manage risk?
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Old Jan 6, 2017, 11:50pm   #294
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Originally Posted by darktone View Post
some questions:-

1) How many years have you been trading?
2) In ES, what kinda size do you trade relative to acc? (notional / acc)
3) Have you ever ever learned to 'manage risk with size' as Don puts it?
4) What does the sum of money lost mean to you?
5) Do you look for confirmation before you trade?

and the old fav

6) Do you like to use stops to manage risk?
1. 5+ years
2. Maximum margin w/deep discount futures bucketshots to the default high margins w/more conservative brokerages.
3. No
4. Everything at the moment, hoping to get back on my feet with a profitable year once I find some money.
5. Sometimes, this can make me too late and guarantee a loss.
6. I don't like to, but ES has less stop runs than CL, so I do use stops on the ES at times but am quite aware this is a magnet for HFT.
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Thanks! The following members like this post: darktone
Old Jan 7, 2017, 2:10pm   #295
 
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1. 5+ years
2. Maximum margin w/deep discount futures bucketshots to the default high margins w/more conservative brokerages.
3. No
4. Everything at the moment, hoping to get back on my feet with a profitable year once I find some money.
5. Sometimes, this can make me too late and guarantee a loss.
6. I don't like to, but ES has less stop runs than CL, so I do use stops on the ES at times but am quite aware this is a magnet for HFT.
Thanks for those answers pete
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Old Jan 19, 2017, 7:13pm   #296
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Thanks for those answers pete
I'm sure there are more losers around here like me than most would expect. Ancedotes about traders who made it back from such bad situations by trading would be inspiring.

All the success stories I've read and believed tend to be from vendors and wealthy people making small bits of income from active trading with the hidden ace up their sleeves usually being their trading vendor products, CDs, bonds, rental properties, etc, not some epiphany from mastering technical analysis and day trading. I would like to be wrong on this.
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