About the 95% statistics. Just a question

A trader still could have less money in their account than when then they started ----without refunding.

 

Sure, anything "can" happen, and we probably have a few break even types, even after a few years, but very few, just doesn't make sense to keep at something that just doesn't work for you.

Now, mutual funds, financial planners etc., may just keep you under the amount you funded for decades, you oughta see my wife's Calpers accounts, LOL.

Don

 

At your firm , there is feedback, support and profitable traders, things you don't have when sitting at home.

Since when and what licensing is required now ?

 

"Sitting at home" guys still get the same attention, of course.

I think it was 1999 approx. when the Series 7 became a requirement. Here is a link.

www.stocktrading.com/steps.html

Don

 

Thanks, any special ergonomic chair you have over there ?

 

(If this is a serious question)...some traders actually buy their own special chairs.

Don

 

Rather more someone's opinion, not anything to hang your hat on

 

Why is it obvious that I'm still trading?

Because when I quit my corporate job, I made sure I was going to make it as a daytrader. Failures were not one of my options.

I treated this like starting a business and worked my ass off for about 6 months until things began to click.

Like I said earlier in this thread, that 95% failure rate is a bunch of bullcrap.

Seriously, who really cares what % of people fail? If you truly believe that you can make it and work diligently and seriously, daytrading is NOT THAT HARD.

If you fail, most likely you never tried hard enough.

 

Yes, question is serious , I thought special chairs would be included.

 

I'm a new guy to this game - but here SPECIFICALLY for the purposes and reasons that you mention here. I don't want to be one of those 95 out of 100.

How do I avoid that? I've papertraded a system that looks REAL GOOD on paper so far. 12 consistent days of profit (after commissions - considering I'm not missing something on my commission schedule - Scottrade - $7/ equity trade - and nothing more - right?) I'm looking at a 16%+/- profit in 12 trading days.

BUT - that's on paper - what will I really expect with all those OTHER PROFESSIONALS OUT THERE? How is it that a new guy like me could get "taken" by the experienced likes of those seasoned traders? What am I missing? (Because I sense there is something here that I am missing that will cause me to lose my shirt in the REAL trading environment - when I'm seeing HUGE profits on the paper environment.)

Your HELP is greatly appreciated!!!