hechua

Trading is a game of probability and for sure nobody can predict the market with certainty. As you'd said future is unknown, therefore, trading with a system based on backtesting on historical data is better than trying to predict the market without any research. I did not say backtesting well must equate to profitable trading going forward. What I'd said was that if you've a good system based on backtesting and if you do not follow the rules religiously, your trading will probably not be profitable. Please don't be amazed at what you'd read anytime because many traders succeeded in trading by many ways, As the saying goes, there are many ways to skin a cat. Trading systems may be easy but many traders find it very difficult psychologically to follow the systems religiously. As such, not many traders will become multi-millionaires. Just like playing golf is physically easy, swing and hit but not many people can be like Tiger Woods because not many people are prepared pyschologically to train for it.

Hi keymoo, Welcome on board. A successful trading system after back-testing shd work in real trading. If it does not work is because the trader does not follow the rules of the system. Besides, don't trade on systems developed by other people. The systems probably are not appropriate for you in terms of risking-taking, time-frame, volatility, etc.

I am treading on the fine line between blind faith and perseverance while I am trading now. On one hand, I think trading is just an impossible way of living, especially after few days of consecutive losses and on the other hand, I believe trading is a call on me. I have been trading professionally for the last 3 years without any other source of income. I must say I have not been very successful in my trading even until now and recently have always been thinking for giving up trading professionally altogether and try something else. But my self-believe that I can make it in trading someday and somehow perseveres me to continue trading even though I have been digging into my saving to feed my family because my trading incomes have not been reliable. I have read yr article and it has encouraged me to stay on as professional trader because at the end of all things under the sun, I just wanted to be a trader and a successful one by my definition. I just wanted to know myself that I can be a hero inside myself. Does that make sense? I am not so good at English.

Hi Dogpile, I can empathize your situation which I am in now. I have a non-working wife and two children to feed. Besides, I have a bunch of bills to pay every month - housing mortgage, car loan, insurance policies, utility, children education, etc, etc. I have been trading professionally for the last three years without any other source of income after quitting from a relatively good job that paid more than 5 figures a month. But for the last three years, my trading incomes have not been very reliable. In fact, I have been losing more than gaining and I am digging into my saving every month to survive financially. The thought of giving up trading and finding another job to feed my family has been haunting me especially after a few days consecutive losses. But my self-believe and faith that I will able to make it in trading overwhelms my thought of giving up trading altogether. I know that If can follow my trading strategy day in and day out religiously, I will be able to succeed in my trading. After 3 years of trading, I still can't perfect it but I know I am getting nearer every day and hope that with my self-believe and faith, consistent success in trading is just around the corner for me. Dogpile, I certainly hope consistent trading success will also come to you soon

I believe I am at stage 4 now. I am now only day trading one future market on full-time now. I have back-tested and forward-tested the market with one single trading strategy. The win/loss ratio is 40/60% but the positive return is about 20 to 30% per month. Pretty good right! But in real trading, I am still losing money every month for the last two years because when I analyzed my trading activity every month, I realized that I only followed my trading strategy on about 30% only. I know that not following my tested trading strategy religiously is the main problem. But can some kind souls out there tell me how can I follow my trading strategy on 100%, day in and out without any slight deviation. I already tried for almost two years already but still can't. Please help.