HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Trading for a Living ›› Career Trader ›› How long did it take you...  


Post A Reply
    Page 5 of 5:   1  2  3  4   5  
Bearbelly
 

Registered: Feb 2006
Posts: 1378

 

03-22-07 01:41 PM

I am totally amazed how many successful traders are on this board. The strange thing is the names keep changing except for a few. I guess they leave after couple of months and more successful traders come on board.

    Edit/Delete Quote Complain
Hyparxis
 

Registered: Feb 2007
Posts: 4

 

03-22-07 07:34 PM

"Getting it" is a relative term. It all depends on the person.

I have been doing countless hours of research since I began this adventure and the best advice I have found thus far, many times in fact, is to have a solid realistic plan and do not deviate from that plan until you are confident your new plan will be better than your old plan.

The second piece of advice pertained to "where you play" in the market. You might think about looking to play in an area of the market you have specific interest/knowledge in. Learning studies show you are more apt to learn about subjects you care about over those you don't.

The principal idea behind that advice is to specialize in an area and master it before you move on to a new area. Scattered focus leads to misplaced knowledge and lower productivity.

I doubt you are going to find any one particular person to guide you, at least for free anyways. Just do your research in an area you have interest or knowledge in and look for a good stable to work off. Forums like these are great for insight when people are willing to offer it up. I like to call those lil gems "keepers"

Oh and the last thing, I agree totally about not force buying. You just have to accept there will be days where you make no moves. Coincidentally it looks as if I will close out today with 0 transactions, but it isn't 2 yet so who knows.

    Edit/Delete Quote Complain
Cutten
 

Registered: Sep 2003
Posts: 5481

 

12-06-08 10:31 PM

I'd say it took about 3 years to get a decent feel for things, and keep the basic noob errors to a minimum. Luckily I got that experience while studying & working, so once I went full time I was already a few years ahead of the average beginner.

    Edit/Delete Quote Complain
mike007
 

Registered: Sep 2008
Posts: 232

 

12-06-08 11:11 PM

Why do people keep responding to posts that are over 2 years old? Do you not read the dates?

    Edit/Delete Quote Complain
bearcats1980
 

Registered: Nov 2008
Posts: 61

 

12-06-08 11:29 PM

Ha, and here i was about to respond. Hopefully he's gotten it figured out by now


Quote from mike007:

Why do people keep responding to posts that are over 2 years old? Do you not read the dates?

    Edit/Delete Quote Complain
    Page 5 of 5:   1  2  3  4   5  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider