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Can anyone actually prove to me that they have been consistently growing their account with futures? (ES,RTY,NQ,GC,CL) So far I'm yet to meet someone who is making money who isn't trying to sell me something :/
The following 16 users say Thank You to KyronC for this post:
There are plenty of profitable traders on here. There are also plenty that are not. I have no idea what the actual breakdown is but I would imagine a very large percentage of users are not profitable - but that is the point of this forum. It's somewhere to go for help.
By proof I assume you mean somebody posting their brokerage statements or something to that effect? Plenty of us have done that too, but it is a futile exercise that really doesn't achieve what you think it might. My brokerage statement for example isn't your brokerage statement, so it only has value to me and is 100% irrelevant to anybody else.
Profitable traders on FIO have nothing to prove and also have nothing to sell, so I would be surprised if this was via FIO.
As a sidebar, I know some traders who have been studying the markets for well over 10 years and are not yet profitable. It is a long process.
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- Trade what you see. Invest in what you believe -
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The following 21 users say Thank You to JonnyBoy for this post:
I was too frustrated when I posted that question, I felt like I had been running into brick walls. It's just I'm so tired of having my hopes and dreams built up and then destroyed. I haven't got anyone in my life to teach me about futures, and then when I go online to learn there's always a conflict of interest. Someone is always trying to tell me how profitable they are and how I can be too, but for a fee. Now a days it's so easy to manipulate figures or just straight up lie. I think what I was really trying to ask for was a source of information... Someone I can look up to and learn from, free from a conflict of interest. I wouldn't mind paying for education, or even a premium for really high quality education, as long as it's actually worth it.
Thank you very much for putting forward your suggestions, I definitely feel like it could get me over some hurdles. Thanks again!
The following 11 users say Thank You to KyronC for this post:
As I've just said to the guy above, I was too frustrated, too emotional when I posted this. I was just so desperate for someone to get me out of the hole I was in. I just felt as though everyone who says/gives the impression they are profitable were trying to sell me something.
Can you give me any sources to go to where I can learn about high probability trade set ups, or actual strategies that people use on ES & CL?
I'm not JonnyBoy but I will assume you are asking in general. My take is that you are in one of the best places that can provide information about a wide range of trading styles.
There are some journals which are excellent. Some are in the "premium" section of the site but not all.
For example, user GFIs1 has some great content which highlights how the trader's mindset within a trading system actually makes money.
So, if you are patient enough and exploit FIO search function to its fullest, chances are you are going to find valuable stuff.
I agree with you when you say that most people who are trying to sell you something have a conflict of interest. Probably 99% of trading "educators" do so too.
Start with the free stuff in here.
The following 14 users say Thank You to xplorer for this post:
I don't know where you are in your trading path but if you don't know already, you should be aware that there are several different ways of trading profitably. Some are short term, some are long term, some are automated, some are not.
Each method has its own strengths and weaknesses. You should ensure whatever you start examining fits your personality.
The following 9 users say Thank You to xplorer for this post:
I've been shown many profitable broker statements, but it really comes down to what you consider consistent. Many retail expectations are a little unrealistic.
The following 2 users say Thank You to SpeculatorSeth for this post:
If they did prove it to you, it wouldn't mean anything to you personally. There is a LOT to learn on this forum. I've been a member for 10 years and it's unique in terms of the value offered here, and I continue to learn things all the time. I suggest that you stick around for a while. One of the biggest skills that ALL traders, including big time money managers, must master is the ability to separate useful vs. non-useful information. See this as an opportunity to learn how to do this. You will find nonsense on this site, and you will find gems that, if coupled with your own effort, will help you progress.
The following 16 users say Thank You to josh for this post:
