Not on a consistant basis, no. Best traders I know achieve a PF of 2 on average...and those are really a few. But hey! Aim for 3 and if you get 2 you can still be happy

james16 Chart Thread

Well I agree with you to some point. I'm doing this for almost 10 years now, and I've done everything from scalping futures to trading options...trading future-spreads, and long-term position trading...etc etc. I've had times where I traded actively ...

james16 Chart Thread

I keep a journal, looks a bit like yours on my overview of trades page. But then I got a much more detailed one for each single trade (3 pages for each trade), with comments, charts (both daily-charts and intraday-charts) etc. I also have a notebook ...

james16 Chart Thread

Great post, everyone be sure to read that

james16 Chart Thread

Talking about sleep etc... — Those of you who think about getting less sleep to trade more or do things that might mess up your girlfriend/boyfriend (or both or more than one...I don't know...) let me give you an advice. Don't do it. You got ...

james16 Chart Thread

Hi Josh. Bit of a different topic but here's my take on this. If you're uncomfortable trading $100/pip ask yourself why. Maybe you're risking too much of your total account, maybe you're just not comfortable with the amount of money. I'd suggest to ...

james16 Chart Thread

Well I don't know for sure Matt, but you should at least think about letting them run if they would all have hit your target. Sure, a breakeven-trade is no loser, but if it would have been a winner, you kinda lost, too. I know this goes against what ...

james16 Chart Thread

Hi Matt, just being curious, what would have happened to those BE-trades if you would have left your initial stop where it was? Take care, Marco

james16 Chart Thread

About those bad words, I always have a hard time figuring out what might insult people or when exactly "bad language" starts for them. It's a topic that surprises me quite often...there are completly different worlds when it comes to that stuff for ...

james16 Chart Thread

Hmm yes I've seen it. But even without the 0.3% they want for the "insurance", their commissions are incredibly high compared to trading stocks with a discount-broker. And I didn't even look at what they charge for overnight-positions... At the end ...

Silent Service Method

Well what I found out for myself is this. You need an exact exit-plan before getting filled and find yourself in a trade. And that exit-plan should be the same for all trades, otherwise no chance to get consistent results.

james16 Chart Thread

Thank you. What exactly do you mean? If you mean my english, I know it's far from perfect but I hope everyone understood what I wanted to say.

james16 Chart Thread

Relaxed Trading — Hi there, I just wanted to tell you about some recent developments in my trading-life which some of you might interest. In the past my trading looked a lot like this: I took trades of daily charts, set me an alert that I get ...

james16 Chart Thread

Hmm I wouldn't recommend it. It's a very "esoteric" translation, that can easily be misleading IMO. Better check out Shobogenzo-Translations from Nishijima Take care, Marco

james16 Chart Thread

Hmm I don't trust those companies, I mean why would they want to offer me a guaranteed stop?

Silent Service Method

Trading stocks/Fear of gaps — Hi CW, I'd love to trade stocks but there's one thing that bothers me a lot, and that are those evil overnight-gaps you sometimes get in stocks. I mean if you buy a stock at $50 with a stop-loss at $48 and you ...

Silent Service Method

Hi Tom, I've traded it but got out at breakeven simply because the stupid thing didn't *!#!$!!'# move...those crosses are tricky most of the times maybe I shouldn't trade them at all and stick to the majors... I often wonder if it makes any sense at ...

james16 Chart Thread

Thanks for that one Jim, 100% what I needed in my current state

james16 Chart Thread

Hi Krue, some comments on this. If I could be sure that in the future my win-rate would stay at 90% than yes I could maybe think about it. But sadly this is not the case, I've got no crystal-ball or whatever, maybe I was just lucky - at least to ...

james16 Chart Thread

Thanks jim. I guess you're right. But once you're no longer losing and basically "got it" you also need to figure out a way to make some real money out of this. Otherwise you won't lose money but you also won't get anywhere. I know that THIS is a ...

james16 Chart Thread