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

[profitplay]

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

 

[sdtrader]

took me 5 months trading at .0125.

Most of the traders I know it took no more than 6 months.

You will get a lot of people sayins BS and that it takes years and yada yada.

Guess it just depends on your style, your training and your aptitude for trading.

 

[Steve Tvardek]

when did you start trading?

Quote from sdtrader:

took me 5 months trading at .0125.

Most of the traders I know it took no more than 6 months.

You will get a lot of people sayins BS and that it takes years and yada yada.

Guess it just depends on your style, your training and your aptitude for trading.

 

[Digs]

Profitable is from ZERO above,..

How about a good enough income to leave your job, say $200K plus.

Day trading is for dimes, position trading is for dollars.

 

[jsmith]

Must define profitable...

You may get some noobs paying high rates scratch out a $100 winning month and think they are profitable.

How about profitable being $200 per day, 4k month on avg?

 

[mschey]

Quote from Digs:

Profitable is from ZERO above,..

How about a good enough income to leave your job, say $200K plus.

Day trading is for dimes, position trading is for dollars.

That's a BS assumption, but very prevalant here on ET. I know not one, but several that make those kinds of numbers and more.

 

[sdtrader]

Quote from Steve Tvardek:

when did you start trading?

2001-

And to the other posters. I consider profitable enough to make a living.

Whoever thinks you can't make 200K a year scalping isn't doing it right.

 

[sdtrader]

Quote from jsmith:

Must define profitable...

You may get some noobs paying high rates scratch out a $100 winning month and think they are profitable.

How about profitable being $200 per day, 4k month on avg?

If after 5 years of trading and I was only making 4K a month, would be doing something else. Who can earn a living off of 4K a month?

 

[nysekiller]

Its taken me close to a year to make somewhat decent money. Went from being negative a few months, while learning the markets to trying a few different things that was neting me 3k and now this month I have refined my trading style to net 12k for myself and we still have a day to go. Like it was said before you have to define profitablity, to me its a quarter mill. I haven't reached that yet, but thats my goal for this year.

 

[DHOHHI]

Quote from sdtrader:

If after 5 years of trading and I was only making 4K a month, would be doing something else. Who can earn a living off of 4K a month?

Lots of people. If you have paid off your mortgage, have no car payments, no credit card debt you can live on that amount. And if you have a wife who also brings in some $$$ that creates an even better scenario. In fact, you can easily save $$$ and not be like the "average" person in the US who has a "savings rate" of -1.6%.