POLL: A new trader asks how many hours of screen time to become consistently profitab

Discussion in 'Trading' started by rcanfiel, Feb 21, 2008.

POLL: A new trader asks how many hours of screen time to become consistently profitab

  1. 0-300 hours

    4 vote(s)
    4.5%
  2. 301-600 hours

    0 vote(s)
    0.0%
  3. 601-900 hours

    2 vote(s)
    2.2%
  4. 901-1200 hours

    2 vote(s)
    2.2%
  5. 1201-1600 hours

    1 vote(s)
    1.1%
  6. 1601-2000 hours

    2 vote(s)
    2.2%
  7. 2001-2500 hours

    7 vote(s)
    7.9%
  8. 2501-3000 hours

    0 vote(s)
    0.0%
  9. 3001-3500 hours

    2 vote(s)
    2.2%
  10. 3501-4000 hours

    1 vote(s)
    1.1%
  11. 4001-5000 hours

    7 vote(s)
    7.9%
  12. 5001-6000 hours

    6 vote(s)
    6.7%
  13. 6001-7500 hours

    2 vote(s)
    2.2%
  14. 7501-9000 hours

    2 vote(s)
    2.2%
  15. 9001-11,000 hours

    3 vote(s)
    3.4%
  16. 11,001 or more hours

    13 vote(s)
    14.6%
  17. "You will likely never become profitable"

    35 vote(s)
    39.3%
  1. Joab

    Joab

    Ditto

    Try your poll again !
     
    #11     Feb 21, 2008
  2. 0-300 hours:

    If you are provided an edge(admittedly rare), there's no reason you shouldn't be making money right away.
     
    #12     Feb 21, 2008
  3. Even if someone would watch a foreign TV channel for thousand and thousand of hours (may it be Russian, Finnish, Chinese etc you name it), would this person be able to learn or even master the language in question?

    To become profitable you have to understand how the market works.
     
    #13     Feb 21, 2008
  4. You are asking the wrong question
     
    #14     Feb 21, 2008
  5. It's rather unfortunate that so many people have this "defeatist" mentality.

    War is already lost after just a couple of battles.

    There is a reason people with these type of attitude never make it as a daytrader.

    How can you become a consistently profitable daytrader if you keep telling your brain that "you will never likely become profitable"???


    You become what you believe in. If you believe you will fail, then guess what, you WILL FAIL.
     
    #15     Feb 21, 2008
  6. People are generally losers, or at least they perceive themselves to be defeated before they've really begun. I dont understand why people quit or feel defeated if things dont go their way almost immediately. Probably its got something to do with the fact they most people arent cut out or have a desire to trade in the first place and thats why the failure rate is so high. They think they want to be a trader but when its all said and done, they really dont.

    "Whether you think you can, or you can't; either way you are right"

    -Henry Ford

     
    #16     Feb 21, 2008
  7. where is rcanfiel lately?
     
    #17     Nov 29, 2008
  8. rcanfiel = Traderzones
     
    #18     Nov 29, 2008
  9. Mr J

    Mr J

    Most aren't destined to be profitable, so no amount of screen time will do them any good. For those that do become profitable, the time it takes to do so varies significantly.
     
    #19     Nov 30, 2008

  10. Well you have just wrapped up this thread Mr J.

    FWIW I thought that I would have a go at becoming an eye surgeon next year.

    They seem to make a great deal of money and it cannot be all that hard since our eyes are so small.
    These two features combine into big easy money which I find very appealing.

    I have set aside two, no make that three months living expenses whilst I am learning about the eyes, advertising my new business and how to do the banking every day.

    If anyone can provide me with free advice please do so now.

    If it suits me to like it then I will call it my own and pass it on to other people.
    If it doesn't suit me then I shall simply ignore it, no matter how sensible it is.

    Quite frankly I am only here to satisfy my own ego and greed.

    regards
    f9
     
    #20     Nov 30, 2008