how long does it take to become consistent

[samir84]

I have been with a prop firm for a while and was just wondering on average how long it take for a person to become consistant as a daytrader

 

[Retief]

You must have infinite patience grasshopper, which means I don't know. From what I've read, only a very small percentage ever becomes consistently profitable. How long have you been with the prop firm? What kind of prop firm is it? Did you have to put up a deposit or pay a training fee? Is there anybody at the prop that is consistently profitable?

 

[Fireplace]

2 years MINIMUM. That's what your expectation should be.

 

[wrbtrader]

Quote from samir84:

I have been with a prop firm for a while and was just wondering on average how long it take for a person to become consistant as a daytrader

I'm very curious about the answer those you work with at the prop firm had given you ???

Mark

 

[samir84]

to respond to Retief it really doesn't matter what prop firm. I just wanted to get a general consensus from other successful daytraders. and to answers Mark's question i haven't asked others as most of them are not yet consistent, but the ones who are took on average 9 to 15 months.

 

[Retief]

Quote from samir84:

to respond to Retief it really doesn't matter what prop firm. I just wanted to get a general consensus from other successful daytraders. and to answers Mark's question i haven't asked others as most of them are not yet consistent, but the ones who are took on average 9 to 15 months.

I think it does make a difference. If you're at a churn-and-burn firm that preys on new traders, it's going to take a long time to become consistent. The transition is likely to be much shorter if you're at a legit prop shop that has an interest in seeing new traders succeed with a historically successful training program.

 

[schizo]

Quote from Fireplace:

2 years MINIMUM. That's what your expectation should be.

Unless you're someone like NoDoji, I say 5 years at a minimum. As a nihilist, I say it requires 10 years to become self-proficient. By then, you should readily comprehend your flaws to chart your own path to success.

 

[NY0BScalper]

Took me 15 months, had profitable months before that. Then after about a year I lost it and had to start from scratch.

 

[bstay]

minimum 2yrs fulltime.

 

[tradingjournals]

Quote from samir84:

I have been with a prop firm for a while and was just wondering on average how long it take for a person to become consistant as a daytrader

25 trade-days to become a consistent .... loser.

To become consistent winner, it takes infinity in time and money.