Though others typed their similar stories out I'll do mine too since you're young and naïve just as I was when I started out at 7 years ago at 22. So I started in 2009, and 2014 was my first positive year. Of course then I thought I new things and lost most of my account at the end of 2015.
Unless you have a mentor that will teach you how to consistently make money, you're on a long rough path especially juggling 2 other businesses. I was a part time trader too for a few years. I need near 100% focus for 3-5 hours to make a living out of day trading a futures index.
From my 3 years part time & 3 years near full time of day trading, there is only 1 way I have found day trading can be done well. Books talk around it but I've never seen the method I'm using talked about. That's probably why it's so good, it's not in public domain, mind you I have read around 40 trading books and numerous websites. I also sort of stumbled upon the idea, and formulated it myself, no one told me, and it works like magic. But that's what makes a great trader - you have to find your own method, one you believe and one that works for you. That's why it takes so long.
Like any biz it took 7 years to start to return $, and it's going to take me a while to get back the money I lost when I was younger and more inexperienced. Thankfully I have had a job for a few years so my expenses are all covered, but I have been living well under my means for years to save for my trading account.
Just realized this thread is aged. Bleh.
Unless you have a mentor that will teach you how to consistently make money, you're on a long rough path especially juggling 2 other businesses. I was a part time trader too for a few years. I need near 100% focus for 3-5 hours to make a living out of day trading a futures index.
From my 3 years part time & 3 years near full time of day trading, there is only 1 way I have found day trading can be done well. Books talk around it but I've never seen the method I'm using talked about. That's probably why it's so good, it's not in public domain, mind you I have read around 40 trading books and numerous websites. I also sort of stumbled upon the idea, and formulated it myself, no one told me, and it works like magic. But that's what makes a great trader - you have to find your own method, one you believe and one that works for you. That's why it takes so long.
Like any biz it took 7 years to start to return $, and it's going to take me a while to get back the money I lost when I was younger and more inexperienced. Thankfully I have had a job for a few years so my expenses are all covered, but I have been living well under my means for years to save for my trading account.
Just realized this thread is aged. Bleh.
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