Given that you are a trader MM are you really satisfied with the quality of the answer you have just offered? What you have just said is that you have made a little money on day 1 and now you cannot trade for another 364 days. Did you seriously read the question to mean this?
Are you really satisfied with this statement f9? If I trade profitably for 364 days, could I reasonable assume that I won't lose it all one the last day. Isn't my profitable year assured before the 365 days are complete? This satement and the earlier one are the two extremes. I used the other one to prove my point. As a trader I would be more worried about being profitable than playing semantics.
If you need to wait to the last day to determine if the year would be "profitable" or not, I don't think that I would consider that profitable anyways.
Same determination it takes to pay 100k for a 7 yr. University Masters Degree. Do you think it's any different? Parlour trick trading, will only take u so far but dont worry the prop shop should make a pretty penny off you before you figure it out.
Hello, I am a newby here, and I am just starting my 2nd year of trading. I am not profitable, yet. But, I think and hope I will be in about 3 or 4 months. I would agree with the person who said it costs about 100K for a 7 year professional degree. Getting paid, usually wont happen quick, and you will have to spend alot of time and money to make anything work. I have been self employed for 21 years, and I remember the first few years, it was pretty rough, difficult, sickening, at times. It did finally pay off, but as a good friend mine once said "IF IT WAS EASY EVERYONE WOULD BE DOING IT. I believe you can accomplish anything, if you put your mind to it. joey
Wow, pamjoey... that was a positive post! Are you sure you are posting on the right forum? It looks to me like people have more fun splitting hairs over how many days in a year it takes to become positive, cashflow wise and flaming on others over luck vs. skill... I too am a newbie. I want to learn more about what is going on with trading (futures in particular) and was referred to this site from a well acomplished scalper. I intend on mock-trading for a good solid year before I "go live" and even then, only with 5-10k that I could afford to lose (if such a thing really exists) If I can bring anything to the table at this point, it is this: "Remember that fighting on the internet is a lot like competing in the special olympics... even if you win, you are still a retard."
The question needs to be reworded to: " how long did you take to have a profitable year that wasnt based on luck? " Then my answer would be 4. Otherwise, its 1.
Hi Desert, Thanks for the input. Trading for a year is a good idea. I didnt wait quite that long, placed my first trade about 8 months, after studying and learning all I could for about 9 hours a day. I believe it can be done, but you have to be real CAREFUL in the beginning. Hope it works out for you. joey