How long did it take for you to be profitable in daytrading?

Discussion in 'Psychology' started by profitplay, May 30, 2006.

How long did it take for you to be profitable in daytrading?

  1. 1 month

    25 vote(s)
    7.6%
  2. 6 months

    50 vote(s)
    15.1%
  3. 1 year

    26 vote(s)
    7.9%
  4. 2 years

    22 vote(s)
    6.6%
  5. 3 years

    22 vote(s)
    6.6%
  6. 4 years

    11 vote(s)
    3.3%
  7. 5 years

    22 vote(s)
    6.6%
  8. 6 years

    5 vote(s)
    1.5%
  9. 7 years+

    21 vote(s)
    6.3%
  10. I am still working on becoming profitable

    127 vote(s)
    38.4%
  1. Adobian

    Adobian

    Amen :)
     
    #71     Jun 3, 2006
  2. nevadan

    nevadan

    Theodore Roosevelt said it best:
    “It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust, and sweat and blood, who strives valiantly, who errs and comes short again and again, who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause, who, at the best, knows in the end the triumph of high achievement, and who, at the worst, if he fails at least fails while daring greatly, so that his place shall never be with those timid souls who know neither victory nor defeat.”

    It is bitter indeed to come to the forced awareness that trading is not one's forte but there is no shame in it. At least he had balls enough to try and the fortitude to endure for long enough to understand what he was attempting.
     
    #72     Jun 3, 2006
  3. WOW, you must know the best of the best traders in the world,
    because no trader I know took 6 mos. to become profitable unless everyone is telling each other lies
     
    #73     Jun 3, 2006
  4. Well, if YOU don't know anyone--- it must not be true.


    Why ANYONE would feel the need to come on an anonymous BBS and "lie" about anything is beyond me.
     
    #74     Jun 3, 2006
  5. when u r talking futures trading daytrading u r talking under and way under 1% of inidividuals who make it.....and that is being very kind..........
     
    #75     Jun 4, 2006
  6. crystalballs

    crystalballs Guest

    Is time such an issue? It's a lazy question, Take as much time as it takes. Does it matter?

    We are all different.
     
    #76     Jun 4, 2006
  7. patoo

    patoo

    Hongos,

    We need to put that up on the wall!!
     
    #77     Jun 4, 2006
  8. billp

    billp

    I stumbled on this thread by accident. Only read a few posts but it reminds me of myself.

    Hmm...how long did it take for me to be profitable in daytrading?Answer: Right from the 1st trade I was profitable
    :D

    More complete answer: However, gave all the profits and much much more back to the market:mad: :mad:

    Hmms....so I wouldn't be lying exactly if I answer the vote as 1 month:D
     
    #78     Jul 27, 2006
  9. I can be successful day trading. Maybe not 250k a year but decent enough.




     
    #79     Aug 2, 2006
  10. Yeah, but these results are almost worthless.

    How do we know that the people that took awhile to learn are those that had jobs and were learning trading while on the job, vs. someone who went proprietary right off the bat and started out of college or HS.

    I took about a year. But if I had a job and was then learning to day-trade for a living, undoubtably it would have taken me much longer, maybe even 5 years.

    The question would be better if it was targeted at a specific group because I'm sure ET has a diversified group of how each trader got his or her start in this biz.

    So, just some thoughts on that.
     
    #80     Aug 2, 2006