Actually I think the worst thing for any new trader would be start making money right away and then started thinking "Oh, this is easy!".
How much do you make on average by day trading?
- Thread starter GarrettKimmel
- Start date
Trading swing stocks ages ago I started making money and just kept making money, that's the best way trust me, damn pattern day trade rules.
So it can be done, it's not that hard a game to beat.
I guess you are exception to the rule.
I guess you are exception to the rule.
Daytrading FX which i moved to, that's been a slog from day 1, trust me the other way is better.
Infact didnt start making money, till i switched to the DAX.
I have a target - it good to know when enough is enough..., so I can stop and go do something else
Mkt is ceaseless / endless/ merciless..., it certainly capable of wearing a person out (mentally)
Get worn out / down - one gets sloppy
Get sloppy - mkt eats our lunch / kicks our ass - every time
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How much do you make on average by day trading?
Minimum.., keep each loss equal to each win
Better..., keep each loss 1/2 to 1/3 the amount of each win
Better still..., keep each loss 1/4 ...,or less - the amount of each win
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Trading is not about how much we make
It all.., and only - about how well we manage/ limit our losing trades - while allowing the winning trades to work till they hit target / stop working
RN
There are 2 types of traders: those who understand this reality, and temporary traders.
There are 10 types of traders: those who understand binary, and those who don't.
There are 2 types of traders: those who complete their sentences in forum posts, and
That's what I am thinking now. Though not young, yet I am new to future index day trading.
No mentoring from competent trader, no financial background, I am learning from the threads
of ET. Knowing a lot of hard work to be done, my goal is more humble, $1000 one month will
make me SO happy. That might be one day's gain of good traders. I will keep trying, thanks
for all who share.
The numbers are kind of irrelevant -- I know as a beginner you're so glued and obsessed with them.
It's all relative to your account size and risk/reward levels. One trader can make $1,000 in a day...with a $1,000 account. Another trader can make $1,000 in a day too, but his account is $50,000, for example. The first one obviously took big risks. The second trader can take big risk too, if he's ambitious...he can double his account if he wants to.
It's just a matter of having this trader mindset and formula or system -- and before you know it...chances are...you'll surpass your original, "humble", goal. Compounding is a powerful thing too. I try to not think about the numbers/size/money too much in trading, but rather the mechanics of the trade...the core of it all. because that doesn't change, regardless of account size.
(I kind of make it sound so easy or simple, but successful trading is a rather complex...spider...web, if you will.
-- if just one thing is off or weak...it can make the whole thing useless. -- just a little bit of food for thought,
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I usually get about around eight tenths of 1% of my account balance on a usual day. Sometimes more, sometimes less. But that is my average over some months.