When are you considered consistent?

Beginner Questions
1

I know this might be very subjective, but when would you guys consider someone to be a consistently profitable trader?

After 3 months? 6 months? 1 year? 2 years or more? Or maybe be in profit after a certain number of trades like 100 trades or 500 or 1000?

Just wanted to see whether there was a general consensus on this?

2

I think different traders will have a different definition of when they consider consistency achieved. For me it is when a trader was able to achieve 2% of monthly returns over a time period spanning 24 months. I do allow some room for error and sometimes you will face a monthly loss. So overall I am looking for nine profitable months per twelve month period (where the monthly losses are below 4%). I am sure you will get plenty of other definitions so it is best that you come up with your own.

3

My vision of consistency is at least 6 month profitable trading with 6% monthly return. It was my personal performance a year ago and my current investors considered it as entry-level of their investment targets…

4

I totally agree, in defining consistency one must include margin for error. In fact losses for proves our consistent one can be, because it can be a test of your resolve…so while we are determining success we should have in error.

5

I would say that when you triple your account (i.e. 10K into 30K, etc) you can considered yourself as a consistent and profitable trader. Although it takes time to triple an account, I wouldn’t consider myself consistent and profitable by holding a profit for 6, 9, 12 or 24 months. I could have started with 10K and after 12 months achieved only 12K. Of course this is just my standard, everyone has to set their own.

6

I may be my own harshest critic but i’d only consider myself consistent when my forex income can rival my income from work.

7

IMO, this comparison is incorrect. When you are trying to pull up your trading performance to some certain level, you are risking to start comitting mistakes - one after another. Because you will focus on performance not on quality of your trades. That is the issue - do not concetrate on money but on your trades.

8

i think 6 months of being profitable making a 2-3% plus per week …which equates to over 100% per year …that’s what i am aiming for anyway …good luck all

9

I don’t know where you came up with the myth that it is impossible to focus on your financial performance without sabotaging your trading plan and the quality of your trades, but let us agree to disagree.

10

IMO consistency is achieved not in a dollar value but when you fully understand how you trading plan works. When you know that trading is just an extension of your own self

11

Forget about monthly growth. Focus 1st on how much is your risk on your strategy. Then you will find what’s call consistency. It doesn’t matter how many months, or years. Its all about survival. If you can’t survive in the game, you will never have consistency.

12

2% monthly in average in a year never loosing more than 2% in a month.

13

Sounds good. Planet 3rd richest man are only 2.5% average monthly growth. A lot of so called with 30% DD and 30% growth. They can have short term, but they can’t survive in long term.

14

Being consistent involves being a discipline trader who plan and adhere strictly to his plan.A consistent trader always know when to trader and also when to cut the line.