Hello everybody, i have been Trading for 3 months now but am wondering what really is consistency? Is it defined by only profits and no losses? If there are losses how often do you make them? And do you guys sometimes lose trades and you don’t even know why it happened?
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Hmmm. 
I think it’s hard to explain with exact numbers, but for me, whenever I talk about wanting to become “consistent” with my trades, my goal is to have stable and regular profits every month (could be weekly for some, or even daily). And of course, this should be accompanied by less losses and drawdowns, not necessarily completely no losses 
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For how long have you been trading?
If we’re going to include the demo trading phase, I would say a little over 2 years? 
Haha. I really took my time learning and demo trading to try out different strategies. 
How about you? 
Are you already trading live?
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I started Trading live but am very disappointed by my results am making a ton of losses only. So it made me question my Profitablity and system and formerly went back to a demo account but still i Happen not to get as great results as i expected. Could you be having a few tips for me? I also changed pairs to find trend-y pairs like JPY crosses but it’s like these days they don’t trend as well as expected
You should probably just stick to trading one or two of the major pairs until your comfortable.
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At the end of the day profit is what matters. Isn’t it why you’re doing it? Some strategies can have less then 50% win rate and still be very profitable. So don’t even use win rate as a measurement. Just use if you’re making money.
Whether you win or lose, none of us retail traders know exactly why we won or lost. That simple, don’t overthink it. Our analysis of a chart may help us but we really never know the truth on why. So just read the chart look at where price is going and pick a spot to get in.
Also if you’re trading with fear, scared, or doubt you won’t make it. Only because you’re letting those emotions drive your trading and not your plan(given that your plan is backtested and proven to be profitable).
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Only profits and no losses is impossible. Consistency for me is being able to reliable do things in your control whether that’s through trade journaling or executing your trade plans etc.
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When traders talk about consistency, they mean they want to make consistent and consistent profits week after week, with little drawdowns and losses.
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Consistency refers to the stable and regular profits in your trading.
To be consistent, you should, of course, have an edge. For instance, if I do 4 trades in a day, and I lose $100 each in three, but I win $400. It means I have an edge because I made more profits than I lost.
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Yeah, you are right on spot here. I think there are some people assuming consistency means making profit without any losses in weekly or monthly, but it really is just how you are able to balance your profit and losses, while ensuring you are able to maintain the stable in profit in given time period.
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In trading, we all have been using the terms professional trader and consistent trader so closely that it often confuses newbies to believe that a consistent trader is the one who wins frequently. However, it’s not the case.
Even novice traders can introduce consistency in their trading by adhering to a set of trading principles. For example, if you have a risk to reward ratio of 1:1 then stick to it. Don’t apply different rules on different trades.
Trading profitably is a matter of probabilities but trading consistently should be the main objective.
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This right here.
Consistency is a matter of following your trading strategy however being profitable comes with research and studying which in turn causes you to adjust to the market, The matter here is knowing how to gain pips first before you can turn the volume( lot size) on. You are not lost, surely consistency will gradually open your eyes.,
i think consistency would be how often you can hit your target goal for your daily/weekly/monthly trading. For example your target monthly would be 5-10% profit then you can see how often your trading result can achieve it. There will always be losses but at the end of the day if your winnings are more than your losses, you make a profit.
Market can be very volatile and unpredictable sometimes so unexpected lose trades arent something that too uncommon.
Consistency of outcomes depends on consistency of inputs.
You need a well-defined strategy which has a positive expectancy of outcomes, and you need to apply this strategy consistently. The strategy should preferably be simple so that errors are reduced and lessened. The strategy should be objective so that there is no ambiguity or luck involved in recognising the set-up and following the TA to make trade decisions.
The set-up conditions for the strategy are especially important. If these are not recognised at this point in time on your charts, stop trading this strategy until they return.
Realise also that exit conditions are far more important than entry patterns.
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You know you are consistency based on your trading journals results.