I got sick of trading full-time and started working part-time again. Been spending half the time on the charts and backtesting than I was before, yet I just had my record month of $27k in my first month doing this (last 2 months were negative). How is this possible lmao
No one talks about the struggle of being a full-time trader averaging $5-6k a month from trading. Some months I’ll make $15k, others I’ll make nothing and blow through some funded accounts. It’s a constant headache since some months I’m doing really well and others I’m struggling to pay bills which makes my trading even harder. This level of profits is literally purgatory for traders.
Automating a trading strategy is 10x harder than manually trading. I’ve tried to build an automated version of my strategy 6 different times in the last few years and every time it ends up in the negative. Don’t know how traders are seeing success with this.
I'm a portfolio manager managing $29M. I've returned 22% annually for 3 years straight. In my personal account I blow accounts every quarter. Zero discipline without clients watching. The cobbler's children have no shoes as they say
I spend maybe 2 hours a day trading and have made $400k+ this year. I probably COULD push to millions a year if I wanted to, but right now my daily schedule is taking my kids to school, getting back home and checking out the charts, trading for 1-2 hours, then going out for lunch with my wife, getting the kids and helping them with homework, maybe watch a movie or tv that night. I wouldn’t trade this freedom for the world. So many traders forget why they got into trading in the first place - I don’t care about a big number on my screen if it’s making me miserable.
I’ve done 600R this year (made $500k) and want to start a mentorship/course but so far most people I’ve talked to think my results are too un-achievable and don’t believe me lol. Suffering from success.
I’ve made $3 million from trading in the last 6 years. Let me tell you - psychology is really not that important in trading. This is cope used by guys who have terrible strategies and go through big drawdowns. The best traders have losing days, losing weeks and maybe 1-2 losing months in a year - but majority of the time they’re green. It’s not about finding the “best strategy” - but learning so much about one strategy that you know it inside out and can reliably predict what the market will do in a specific circumstance. This comes from 1,000s of trades backtested and/or taken live and logged. Psychology barely plays a factor here since you already know exactly what you have to do to make money.