Quote:
Originally Posted by mrsoul Unfortunately, with trading, you can try for a lifetime and still never become consistently pofitable.
There are, simply, no guarantees in this game.
-Take Whichever Way Works-
Bruce Lee
Jeet Kon Do |
Indeed.
I myself tend to make money most days now, although I still trade at small stakes, and am only slightly profitable considering that I lost alot of money when I very first started trying to trade when I was about 17 (im 24 now)
Of that 7 years, about 2 of them I was able to dedicate all day to trading (and I did - getting up at 6am, reading and learning, and then trading the US open until the close, and then staying up till gone midnight to carry on reading forums, studing charts endlessly, and then trading on a simulator)
The other years have been spells of the above, mixed with fulltime employment, and other patches where I took time off assuming that it simply was NOT possible to be consistently profitable. (Even to this day I am not 100% sure, but am much more convinced)
I know of a few people in the 'real world' who have dedicated fulltime hours to trying to learn for about 8 years and are still not consitently profitable - These are clever guys - friends of my dads (who i first saw trading which got me interested when i was a kid).
When newbies come to sites like this expecting instant riches, they are often told to expect to have to wait more like 18 months. This tends to shock them. Well in my opinion/experience/observations of others - the wait will be alot longer IF AT ALL!!
There will be exceptions to the rule. Some people will find true consistency within a few years. Some people probably think they have 'got it' right now, but will be having second thoughts a year down the line. It is a tough old game. As 'mr soul' says - "no guarantees"
Im content at the moment with making money most days. its been this way for a fair while now, but im taking nothing for granted!
good luck!! |