I'm 21 years old, couldn't enter University, planning to trade full-time.

Discussion in 'Professional Trading' started by zenon12, Nov 18, 2015.

  1. schizo

    schizo

    It's pointless to even reply to your post, but I do so out of concern for the beginner traders. Here are just 3 out of countless reasons why a new trader should have a reasonable expectation before making the plunge.

    1. For every single successful trader, there are 99 failed traders.
    2. If you think you can be among the successful, so have the 99 traders who have come and gone before you.
    3. If you believe you can outwit the market, that is, those who are already profitable, you are in for a rude awakening.
     
    #171     Nov 30, 2015
  2. Who said anything about "possible?" Of course it's possible, and a small amount of traders have achieved that or even a lot higher in some rare instances. Of course it's possible.

    But what does possible have to do with reality or realistic expectations and career planning?


    Making 30% a year consistently over a long period of time is a one in a million type expectation. It would be flat out ludicrous to plan a career around anything close to that.


    Now I will say, if you are literally laughing at someone saying 30% a year isn't realistic and shouldn't be planned for, feel free to post up your track record. :)
     
    #172     Nov 30, 2015
  3. Trader22

    Trader22

    I agree with you about the career portion. No one should EVER plan their career around "expected gains"

    Also i am actually planning on doing a "maximum % gain challenge" or something trading futures sometime soon, posting screenshots of all trades, acct balance, etc.. You will be very surprised at the results ;) stay tuned.
     
    #173     Nov 30, 2015
  4. Trader22

    Trader22

    Agreed! i never said 30%+ was easy!
     
    #174     Nov 30, 2015

  5. Actually I don't think I will be surprised at all because the longer your challenge runs the more inline your results will become, but at the very least I will say it would be refreshing to actually see someone do something like that so yes I will definitely stay tuned for that. :)

    One wonders though, if it's just a private trading account screenshot you're planning on showing, of course you already have that now. Why the new challenge? Just post a screenshot of your gainskeeper from 2011 - 2015 and save us the suspense :)
     
    #175     Nov 30, 2015
  6. Diego443

    Diego443

    First of, make sure you have at least 27K when planning to trade US stocks to avoid the pdt rule. Second make sure to lose between 5k to everything....Third this is not a decision you make in a day, trading is a skill set that develops over time and in order to acquire this skill you need to A. educate, B. gain some experience (experience=lose money, if you don't lose any you have not surpassed the path to be a trader)
     
    #176     Dec 3, 2015
  7. magestic

    magestic

    If people are not laughing at your goals, then your goals are not big enough. Don't give up, start with demo, make perfection in your trading, then come to real account. You can do it.
     
    #177     Dec 9, 2015
    lawrence-lugar likes this.


  8. Redneck, you just get better with age.
     
    #178     Dec 25, 2015
  9. Autodidact

    Autodidact

    Against all odds, but not impossible, godspeed kid.
     
    #179     Dec 25, 2015
  10. Redneck

    Redneck


    Well I'll be darn..., look what the cat drug in

    Glad you're back Sir

    :)

    RN
     
    #180     Dec 25, 2015