How many hours of practice you need?

[ken979]

How many hour's of practice do you need, to get good at trading?

1,000 hours of practice?

10,000 hours?

I already read you need 2 or 3 year's trading experience to start making money.

Say for example you start with a small amount of money and work your way to 2 or 3 year's experience, how many hour's of practice do you need?

Also how many hour's of study do you need?

Thanks

 

[donaldduke]

Trading is a continuous learning experience, a way of life, you never arrive, although your account balance might get to where you want it one day

You might become profitable after three months, but that might be more to do with having good trading markets and less with how much experience you have gained so far.

If you really want to be a trader you wont care how long it takes anyway.

 

[new_trader]

How many hour's of practice do you need, to get good at trading?

1,000 hours of practice?

10,000 hours?

I already read you need 2 or 3 year's trading experience to start making money.

Say for example you start with a small amount of money and work your way to 2 or 3 year's experience, how many hour's of practice do you need?

Also how many hour's of study do you need?

Thanks

If the answer was 50,000 hours or approximately 10 years, would you still be interested in trading? Would you try and find a way to do it in half that time even though everyone said it was impossible? I'm sure that whatever answers you get you will ignore. So, either start now and find out for yourself how long it takes or choose another, less expensive hobby.

 

[SpiritBeing]

Trading is a continuous learning experience, a way of life, you never arrive, although your account balance might get to where you want it one day

You might become profitable after three months, but that might be more to do with having good trading markets and less with how much experience you have gained so far.

If you really want to be a trader you wont care how long it takes anyway.

you summed it up perfectly....I became a student of the markets 6 years ago:smart:....I will die a student.....like you said....its a school you never graduate from.....the market is the best teacher for those willing to learn.

If you tink you have graduated from the school of trading...your probably already a dead man walking

 

[intradaybill]

Some people need more and some less. The distribution is normal. The average is about 5 years for retail and 2 years for professional, IMO.

 

[Pi3141]

It all depends on how quickly you can change your mentality into the mentality of a trader. Concepts such as cutting losers and running winners appear unnatural to most people, so its really a case of rewiring your mental character, which when combined with screen time and studying, could take maybe 2 years minimum?

 

[gemini6kl]

It took me 7 years till i found a website that gives the stock market direction for the week every monday morning, so far they are very accurate , thats how i trade now i follow their signals, they are called Matrix Trading club for anyone interested.

 

[SpiritBeing]

It took me 7 years till i found a website that gives the stock market direction for the week every monday morning, so far they are very accurate , thats how i trade now i follow their signals, they are called Matrix Trading club for anyone interested.

bit risky trading off a website IMO....I looked on the site....they have a performance histogram that is not very impressive IMO?

Do you trade entry and exit recommendations?...or simply use their signal for direction then trade another strategy intraday?

Are your trading results similar or better than the performance chart they have on their website?

Good luck in your trading

 

[gemini6kl]

well for the last 2 or three years i have noticed that most stocks follow the dow or the dow follows most stocks, which ever way u choose to look at it it dosent matter,,, :cheesy: lol but basically my point is if they give an up signal i buy and if they give a down signal i sell . i tried to use some other stocks but the most amount of profit and consistency i get is by trading the s&p etf (SPY) or dow etf (DIA) . beleive me there system is very accurate so far counting last 5 months only 3 losses following their weekly signals and entry and exit points.

 

[SpiritBeing]

well for the last 2 or three years i have noticed that most stocks follow the dow or the dow follows most stocks, which ever way u choose to look at it it dosent matter,,, :cheesy: lol but basically my point is if they give an up signal i buy and if they give a down signal i sell . i tried to use some other stocks but the most amount of profit and consistency i get is by trading the s&p etf (SPY) or dow etf (DIA) . beleive me there system is very accurate so far counting last 5 months only 3 losses following their weekly signals and entry and exit points.

Ok cool.

Do the owners of the site trade using the same system?

what about the performance chart?.....how impressive do you think it is?

Have you made similar returns?

 

[ken979]

I'm sure that whatever answers you get you will ignore. So, either start now and find out for yourself how long it takes or choose another, less expensive hobby.

Your absolutely correct I guess I have to start now and see how long it's going to take me.

I'm going to put £100 into my spread betting account and start with 10p for the first 2 weeks, then 20p the next 2 weeks and then 50p the last 2 weeks to get a feel for what trading is really like.

it would be interesting to see if trading is right for me or not

 

[neil]

Your absolutely correct I guess I have to start now and see how long it's going to take me.

I'm going to put £100 into my spread betting account and start with 10p for the first 2 weeks, then 20p the next 2 weeks and then 50p the last 2 weeks to get a feel for what trading is really like.

it would be interesting to see if trading is right for me or not

I started seven years ago. At last, I have been profitable averaging £73 per week for the last fifteen months:clap:

 

[ken979]

I started seven years ago. At last, I have been profitable averaging £73 per week for the last fifteen months:clap:

Is this with 10 pence bets

How much capital you use and how much money you use per trade?

If it's going to take 7 years then 7 years it is

 

[neil]

Is this with 10 pence bets

How much capital you use and how much money you use per trade?

If it's going to take 7 years then 7 years it is

Spread betting at £10 per point- don't forget you have to deduct losers:smart:
I'm probably just behind Splitlink in weekly earnings

 

[Christiaan]

This question has been asked before.Some traders take 2 years while others take 5.It differs from peson to person.And ofcourse most people never learn to be profitable Ever

 

[SpiritBeing]

Spread betting at £10 per point- don't forget you have to deduct losers:smart:
I'm probably just behind Splitlink in weekly earnings

i wont be rude and ask what $$$$ amount you earn a week.

But do you care to share % return each week?

 

[neil]

i wont be rude and ask what $$$$ amount you earn a week.

But do you care to share % return each week?

I don't mind telling you in ££££ terms the amount I earn from trading per week. It is £73 (seventy three) per week (after deducting losers).

 

[SpiritBeing]

I don't mind telling you in ££££ terms the amount I earn from trading per week. It is £73 (seventy three) per week (after deducting losers).

?.....do you do it full time?

 

[ken979]

I put £100 in my spread betting account

I already lost 5 pence

 

[bangkoker]

10,000 hours is not an unusual figure banded about to be skilled in a subject. Well that is what Outliers by Malcolm Gladwell and many others say

I suppose you need to the right attitude, I am certainly not there yet but feel like I know more about the subject and nearer 'there' than I was, has been a few yrs...in for the longhaul, one day