ok...this is my first post on this forum and it may be my last. This forum is mostly filled with the 95% of people who don't make money or who make a little. So why hang around these people? YOU DONT! They can only help you be at their level.
First of all I don't think I need to discuss my day trading success because I don't matter...its all about you. I see many people coming on here looking for reassurance...am I gonna make money?...how much do people make? It doesn't matter what they make and they can't tell you what you can make and cannot. Nobody here knows the amount of work you will put in and what your passion level is.
However, I can tell you that if you are day trading because you think you get to sit at home and make a bunch of money then you are doing it for the wrong reasons. To make it big time trading needs to be your job, hobby,passion.....YOUR LIFE!
Now don't be discouraged about the 95/5 rule. You should be happy it exists...if 95% of people were making money then you couldn't make a killing. This 95/5 rule exists everywhere in life. How many baseball players make it to the majors...less than 5% im sure. If you take a 100 men and 100 women and stick them in a room....i bet 95% of the women will pick out the same 5 guys they would rather bang. Then the other 95 guys have to fight over the remaining 5. lol this isnt that great of an example but you get the idea.
Also if you want to day trade because you don't like your job and don't like your boss...again...WRONG REASON! The successful trader most likely excels in all walks of business because they will do their best to be the best in all that they do. So if you suck at your current job what makes you think you'll do better at day trading?
Day Trading gets a bad wrap because its easy to get into...but its the same thing as any other business. You get out what you put into it. Put you life into it and you'll get a rich life out of it. Put a half ass attempt into it and thats what you'll get out...a half ass return.
I know a lot of this has probably been posted on this forum but I see that the same issues come up over and over, so I thought I would say something.
If you truly want to day trade then you don't need to ask somebody if they are making a lot of money because all you need to know is that 1 person is making money...thats all I need to know. I can tell you if some one asked me if I rather make 500k at a job or 40k trading...I would still trade. So if you wouldn't answer the same you may want to take a look and see if you really have what it takes.
You have to do what your passionate about. If you love what you do and can't wait to wake up in the morning and try to do it better than everyone else then you will be successful. If your passionate about shoveling dog crap then you should shovel dog crap. Next thing you know you'll have a 30 million dollar franchised dog crap shoveling company.
I think thats enough for now....i'm sure I will think of something later and maybe I will add it. Also I apologize to those here that are really here to help people and not shoot them down. Please excuse grammar and punctuation...I kind of rushed it. lol
Jason
First of all I don't think I need to discuss my day trading success because I don't matter...its all about you. I see many people coming on here looking for reassurance...am I gonna make money?...how much do people make? It doesn't matter what they make and they can't tell you what you can make and cannot. Nobody here knows the amount of work you will put in and what your passion level is.
However, I can tell you that if you are day trading because you think you get to sit at home and make a bunch of money then you are doing it for the wrong reasons. To make it big time trading needs to be your job, hobby,passion.....YOUR LIFE!
Now don't be discouraged about the 95/5 rule. You should be happy it exists...if 95% of people were making money then you couldn't make a killing. This 95/5 rule exists everywhere in life. How many baseball players make it to the majors...less than 5% im sure. If you take a 100 men and 100 women and stick them in a room....i bet 95% of the women will pick out the same 5 guys they would rather bang. Then the other 95 guys have to fight over the remaining 5. lol this isnt that great of an example but you get the idea.
Also if you want to day trade because you don't like your job and don't like your boss...again...WRONG REASON! The successful trader most likely excels in all walks of business because they will do their best to be the best in all that they do. So if you suck at your current job what makes you think you'll do better at day trading?
Day Trading gets a bad wrap because its easy to get into...but its the same thing as any other business. You get out what you put into it. Put you life into it and you'll get a rich life out of it. Put a half ass attempt into it and thats what you'll get out...a half ass return.
I know a lot of this has probably been posted on this forum but I see that the same issues come up over and over, so I thought I would say something.
If you truly want to day trade then you don't need to ask somebody if they are making a lot of money because all you need to know is that 1 person is making money...thats all I need to know. I can tell you if some one asked me if I rather make 500k at a job or 40k trading...I would still trade. So if you wouldn't answer the same you may want to take a look and see if you really have what it takes.
You have to do what your passionate about. If you love what you do and can't wait to wake up in the morning and try to do it better than everyone else then you will be successful. If your passionate about shoveling dog crap then you should shovel dog crap. Next thing you know you'll have a 30 million dollar franchised dog crap shoveling company.
I think thats enough for now....i'm sure I will think of something later and maybe I will add it. Also I apologize to those here that are really here to help people and not shoot them down. Please excuse grammar and punctuation...I kind of rushed it. lol
Jason
