Listing Of Profitable Traders

[dannydon786]

Hi Traders

 

Let this be the thread of all the profitable traders [defined as those whose profits are more than losses every SINGLE DAY/WEEK) who are members of this forum:

 

Please answer thsis questions:

 

1. Are you profitable every single day/ every week?

 

2. What is your trading style?

 

3. What indicators if any do you use?

 

4. What is your win rate?

 

5. How many trades you do in a day?

 

6. Any advice to fellow traders?

 

Thank you all

Edited December 9, 2012 by dannydon786

[dannydon786]

1. I am profitable every single day.

 

2. Scalping - all curriencies.

 

3. No indicators - naked trading

 

4. Around 95% - 99%

 

5. Several

 

6. Making money in forex is indeed possible - the crux is learn/practice - learn/practice - and - learn/practice.

Edited December 9, 2012 by dannydon786

[⭐ stingrayzz]

1. I am profitable every single day.

 

2. Scalping - all curriencies.

 

3. No indicators - naked trading

 

4. Around 95%

 

5. Several

 

6. Making money in forex is indeed possible - the crux is learn/practice - learn/practice - and - learn/practice.

 

Prove it. Publish your results by 3rd party such as myfxbook. You have mentioned your so called profitability before here http://indo-investasi.com/showthread.php/19512-Struggling-To-Make-Money-Found-The-Perfect-Trading-System and then could not back it up. This time let's see you back it up.

[scratch]

He's full of it - anyone who's consistantly profitable DO NOT NEED TO HAVE A J.O.B!!!!

[dannydon786]

Stingrayzz this post is not about proving anything or selling anything......it has a simple question which is are you profitable or not??

 

The only reason for this thread is to encourage losing traders that money can be made in forex......and if we all can do it than they can do it too!!!! so do not give up???

 

Those who are thinking of posting in this thread...just answer the questions mentioned...please do not share your methods or results....

 

IF YOU ARE LOOKING FOR TRADING METHODS AND RESULTS THAN GO TO A DIFFERENT THREAD

 

Prove it. Publish your results by 3rd party such as myfxbook. You have mentioned your so called profitability before here http://indo-investasi.com/showthread.php/19512-Struggling-To-Make-Money-Found-The-Perfect-Trading-System and then could not back it up. This time let's see you back it up.

Edited December 9, 2012 by dannydon786

[⭐ stingrayzz]

Stingrayzz this post is not about proving anything or selling anything......it has a simple question which is are you profitable or not??

 

The only reason for this thread is to encourage losing traders that money can be made in forex......and if we all can do it than they can do it too!!!! so do not give up???

 

Those who are thinking of posting in this thread...just answer the questions mentioned...please do not share your methods or results....

 

IF YOU ARE LOOKING FOR TRADING METHODS AND RESULTS THAN GO TO A DIFFERENT THREAD

 

I knew it. You are just another talker. My dead dog was a profitable trader and that carries the same amount of truth in that your claims do. What a joke you are.

[⭐ stingrayzz]

He's full of it - anyone who's consistantly profitable DO NOT NEED TO HAVE A J.O.B!!!!

 

I know that is why I called him out on it. He is all mouth. That is all. This is my last post in this circus thread.

 

Cheers.

[ForexMike]

Why are people having a problem with dannydon786's thread? If you have a problem with it, question it nicely instead of attacking him as you are. dannydon786 is an excellent contributor to this forum and doesn't deserve this kind of postings. This thread is to follow his steps and answer questions 1-6 in the same format he has done. If you have an issue, send a pm to him. If you have an urge to attack him, then don't post on this thread.

[dannydon786]

Thank you for your comments ForexMike

 

Why are people having a problem with dannydon786's thread? If you have a problem with it, question it nicely instead of attacking him as you are. dannydon786 is an excellent contributor to this forum and doesn't deserve this kind of postings. This thread is to follow his steps and answer questions 1-6 in the same format he has done. If you have an issue, send a pm to him. If you have an urge to attack him, then don't post on this thread.

[dannydon786]

Stingrayzz I do not have anything against you.....

 

I had just asked a simple question to uplift the motivation of those struggling traders so that they know making money in forex can be done....and so that they do not lose hope...

 

Anyway, I appreciate your contribution and thank you..

 

And I did not know people had problems answering a simple question

 

I know that is why I called him out on it. He is all mouth. That is all. This is my last post in this circus thread.

 

Cheers.

Edited December 10, 2012 by dannydon786

[monstar]

Well yes.... I have been trading for 6-7 years. and I am.................... still not profitable :(

But its a fun hobby. And.. I'm improving all the time. Money management has been my downfall time and time again. And not using a stop when my system dictates it.. DAMN YOU GREED!

[monstar]

At least I'm honest.

[Fxgeekstar]

1. No. I look at my profit/loss at the end of the month.

 

2. I prefer to trade on the side of momentum, basically trend markets.

 

3. Moving Averages and Support and Resistance.

 

4. Around 60%

 

5. About 2-3 trades a week.

 

6. Keep it simple. Select a couple of strategies that resonates with you and keep executing them consistently even if there is a string of losses. Every strategy has its win/loss probability but you need to continue trading it in order for it to materialise

[Edward25]

Well yes.... I have been trading for 6-7 years. and I am.................... still not profitable :(

But its a fun hobby. And.. I'm improving all the time. Money management has been my downfall time and time again. And not using a stop when my system dictates it.. DAMN YOU GREED!

Really?!, well it's not really a good news for a beginner as i am to know that, but in the other hand, it's good if you find it as a fun hobby.

I do hope you'll find better strategies, and then meet success in it.

Why not trying to follow Fxgeekstar's suggestions?

Edited December 12, 2012 by Edward25

[dave123]

I think I am right in saying that dannydon gave everyone the impression that he was going to share his 'profitable' trading system on II not so long back. I don't think that one materialized. (think there might be a credibility issue Danny unless you can deliver something)

[manu1713006157]

Hello Friends... profit comes and so are Losses. I have some aggressive type of systems...And it does well during Right Time thats Trends. Yeah Timing is very Important issue for me.. when Trend appears..I'm busy with my Trading and making profits. And when there is no Trend. Guess what.. "I'm busy saving those profits"... Not yet completed But the things half-baked. but Yes going Nice.

 

I might be asked to prove It... ok I understand this....Nothing wrong...Its a genuine query.

sometimes I do post my Logs here. I have started doing this recently...and I will watch how things Goes..and will try a regular update after every 1/2 weeks.

http://www.facebook.com/profile.php?id=100003579507084&ref=tn_tnmn (Shailesh Singh, Patna)

 

some parts have been hide Out...and Its because "You don't have to do anything with That..Ok"

 

I don't have an myfxbook account...and I'm not going to give details from that.."Simply because I don't have time for That"

And I might not even Reply any query...for doubtful/curious guys.. "Simply because I donot need to do That"

 

who cares what someone might Think of me...whom I will never meet.

[garryjohn258]

I know the making money in forex trading is very easy and we may earn money for long term but I want to know how much the risk of loss in the forex trading and when the chance of loss is more?

[supertrader]

Well yes.... I have been trading for 6-7 years. and I am.................... still not profitable :(

But its a fun hobby. And.. I'm improving all the time. Money management has been my downfall time and time again. And not using a stop when my system dictates it.. DAMN YOU GREED!

 

Did you learn the basic idea of trading Like from e-books and videos? And did you practice with the demo account or you jump into a trading immediately? If you just jump into trading immediately, then you are gambling. If you had learn but still fail, perhaps you are not practice enough. Practice more with demo account, until you can minimze the lost during trading, then you can trade for real. I do take 2 years in practice and learning before I really start trading.

[dannydon786]

Thank you Dave for your reply...yes I wanted to share my system here with everyone but did not go ahead...apologies for that..I know people were looking forward to it....there had been some real issues, not with the system but other things including secuity issues and I thought wise not to go ahead....

 

BUT I do accept full reponsibility and that thread should not have ever been posted but it is blocked now, however, my system is very simple, (anyone can do it) no indicators just naked trading...the only thing which is going to set all of apart is timing of trades and that is the real point....

 

I think I am right in saying that dannydon gave everyone the impression that he was going to share his 'profitable' trading system on II not so long back. I don't think that one materialized. (think there might be a credibility issue Danny unless you can deliver something)

[Gaban]

Did you learn the basic idea of trading Like from e-books and videos? And did you practice with the demo account or you jump into a trading immediately? If you just jump into trading immediately, then you are gambling. If you had learn but still fail, perhaps you are not practice enough. Practice more with demo account, until you can minimze the lost during trading, then you can trade for real. I do take 2 years in practice and learning before I really start trading.

Hello, the first I knew forex, directly initial plunge with real account. and it seems like I did gamble with luck. I just realized after much loss. From there started to learn with the demo and now start using real account.

[kakrosie]

Learning to trade the market profitably can take a considerable time, depending on each individual's learning capacity. However, I must say 6 to 7 years is a rather long time.

 

The good news is you have identified your problems areas. Firstly, you are treating it like a hobby and it has been fun. Contrary to popular belief, trading successfully is usually very boring because it is about consistently executing your trades based on proven strategies. And because it is boring, I seriously doubt it will ever be a hobby.

 

The fun part of trading has got nothing to do with the trading itself, it has all to do with the things you can do/buy with the trading profits.

 

Next, control your risk for EVERY trade. A setup may look and feel like the last one but every trade is new and different. No matter how confident you are, you must never risk more than you stipulated for each trade. All it takes is one moment of ******ity and you will lose all your profits and more. Not to mention the countless hours spent building up your account.

 

Lastly, not using a stop loss is the ultimate sin. Think about it, if you do not place a stop loss, you are actually saying that you know what is going to happen next. Well, if you have been trading for 6-7 years you should know by now the market can behave in ways that you least expected. So placing a stop loss will at least limit your losses if you are wrong. Admit that you are wrong, take the loss and move on. Wait for the next setup and execute your trades consistently.

 

Remember, trading profitably is supposed to be boring. If you want to have fun, go to a casino.

 

 

 

Well yes.... I have been trading for 6-7 years. and I am.................... still not profitable :(

But its a fun hobby. And.. I'm improving all the time. Money management has been my downfall time and time again. And not using a stop when my system dictates it.. DAMN YOU GREED!

[Guest FloridaTrader]

 

Remember, trading profitably is supposed to be boring. If you want to have fun, go to a casino.

 

Trading with profit brings on a good feeling, far from boring my friend.

[Guest gavetso]

the only method to win money in this business is

 

1.educate it some time not years only necesary to know how markets move

2.STOPLOSS: Respect it,respecti respecittt alwaysssss stop is your Armor safe

3.Use a Method with moneymagnagement Profit

 

with this 3 steps you will really earn good money

[loll]

If you havent settled with a style, then find what works for you.. Hopefully my advice will help - Just demo until your ready.

[Fx-trader]

Until your ready to check your ego at the door trying to learn anything new will always be hard as many are programmed to be know it alls. I think I am one but in order to re-program myself i had to admit I needed to change and only then could I start to move along the path of success, not there yet but much closer.