Are You Successful Trading?

Andromathis

Trader
Apr 15, 2020
25
1
9
34
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.
 

pippin

Trader
Jul 16, 2019
49
2
9
31
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 ?
 

Zeenat shein

Banned
Apr 11, 2020
56
12
24
24
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.
 

Zalea

Newbie
Sep 15, 2020
28
2
4
25
When starting to trade, it is important to understand what you want to achieve from it, and how you define success.
 

ForexTus

Banned
Sep 23, 2020
28
4
4
35
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

Active Trader
Aug 17, 2020
205
27
44
walletinvestor.com
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

Trader
Dec 11, 2020
259
19
19
38
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.
 

e_abrams

Trader
Dec 11, 2020
259
19
19
38
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.
 

JimBarryman

Banned
Jul 7, 2021
9
0
0
35
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.
 

Glossy

Trader
Aug 2, 2021
23
3
9
31
Poland
At what point do you become successful?
I have a pamm account and 61 investors and I think this is just the beginning.