Are You Successful Trading?

[Andromathis]

If you say that there are no problems, it will not be true, but they are all solvable, and in principle, everything is going well.

 

[yeneffer]

I wouldn't go call myself a successful trader or anything, I would just say that I am able to control my emotion while trading and so far, it has given me a good consistent profit.

 

[pippin]

I wouldn't go call myself a successful trader or anything, I would just say that I am able to control my emotion while trading and so far, it has given me a good consistent profit.

And how do you control your emotions? By eliminating human factor, i.e. manual trading ?

 

[mark_t]

Of course, there are errors, but in principle I am satisfied with the trade.

This attitude will take you long mate! Good going.

 

[Zeenat shein]

A stop loss is a predetermined amount of risk that a trader is willing to accept with each trade. The stop loss can be a dollar amount or percentage, but either way, it limits the trader's exposure during a trade. Using a stop loss can take some of the stress out of trading since we know that we will only lose X amount on any given trade. Not having a stop loss is bad practice, even if it leads to a winning trade. Exiting with a stop loss, and therefore having a losing trade, is still good trading if it falls within the trading plan's rules.

 

[ForexandGirlsIlike]

I want be full time

 

[Zalea]

When starting to trade, it is important to understand what you want to achieve from it, and how you define success.

 

[ForexandGirlsIlike]

When starting to trade, it is important to understand what you want to achieve from it, and how you define success.

When starting to trade, it is important to understand what you want to achieve from it, and how you define success.

So what is yours?

 

[ForexTus]

Hi all,

Curious to know how others are doing to give me some hope that I can be successful too ... as a fundamentals trader, are you actually making a living or do you still need to hold a job?

Thank you!

yes but you need to find a level on consistency and not be successful one week and not the next

 

[Dora_WalletInvestor]

A stop loss is a predetermined amount of risk that a trader is willing to accept with each trade. The stop loss can be a dollar amount or percentage, but either way, it limits the trader's exposure during a trade. Using a stop loss can take some of the stress out of trading since we know that we will only lose X amount on any given trade. Not having a stop loss is bad practice, even if it leads to a winning trade. Exiting with a stop loss, and therefore having a losing trade, is still good trading if it falls within the trading plan's rules.

I couldn't agree more. Managing our risks smartly and sticking to our trading plan strictly are very important parts of good trading. Not every losing trade is a bad trade, and not every winning trade is a good trade.

 

[e_abrams]

Can you give me a concrete example of a losing trade that is not a bad trade? I'm asking because I cannot come up with one.

 

[Todor]

I lost almost everything last year.

How are you doing right now?

 

[e_abrams]

Hopefully things are better?

 

[e_abrams]

If anyone is advertising it as a way to get rich fast then they are either a scammer or a very unethical bucketshop at best.

 

[Variss]

not yet successful, I hope to be sucessful soon

 

[JimBarryman]

Hi all,

Curious to know how others are doing to give me some hope that I can be successful too ... as a fundamentals trader, are you actually making a living or do you still need to hold a job?

Thank you!

I would say I'm pretty successful. I rely on high risk to reward, intraday technical trading.

 

[Gerouze]

still holding my day job. I dont have a big capital yet

 

[Glossy]

At what point do you become successful?
I have a pamm account and 61 investors and I think this is just the beginning.

 

[e_abrams]

I think any trader that profits more than they lose can be considered successful, I think.

 

[Credcy]

I am still not there yet but one day i will be.