I'm 21 years old, couldn't enter University, planning to trade full-time.

[schizo]

You seriously think getting 30% a year trading is not possible? Haha

It's pointless to even reply to your post, but I do so out of concern for the beginner traders. Here are just 3 out of countless reasons why a new trader should have a reasonable expectation before making the plunge.

1. For every single successful trader, there are 99 failed traders.
2. If you think you can be among the successful, so have the 99 traders who have come and gone before you.
3. If you believe you can outwit the market, that is, those who are already profitable, you are in for a rude awakening.

 

[VIXTrader]

You seriously think getting 30% a year trading is not possible? Haha

Who said anything about "possible?" Of course it's possible, and a small amount of traders have achieved that or even a lot higher in some rare instances. Of course it's possible.

But what does possible have to do with reality or realistic expectations and career planning?


Making 30% a year consistently over a long period of time is a one in a million type expectation. It would be flat out ludicrous to plan a career around anything close to that.


Now I will say, if you are literally laughing at someone saying 30% a year isn't realistic and shouldn't be planned for, feel free to post up your track record.

 

[Trader22]

Who said anything about "possible?" Of course it's possible, and a small amount of traders have achieved that or even a lot higher in some rare instances. Of course it's possible.

But what does possible have to do with reality or realistic expectations and career planning?


Making 30% a year consistently over a long period of time is a one in a million type expectation. It would be flat out ludicrous to plan a career around anything close to that.


Now I will say, if you are literally laughing at someone saying 30% a year isn't realistic and shouldn't be planned for, feel free to post up your track record.

I agree with you about the career portion. No one should EVER plan their career around "expected gains"

Also i am actually planning on doing a "maximum % gain challenge" or something trading futures sometime soon, posting screenshots of all trades, acct balance, etc.. You will be very surprised at the results stay tuned.

 

[Trader22]

It's pointless to even reply to your post, but I do so out of concern for the beginner traders. Here are just 3 out of countless reasons why a new trader should have a reasonable expectation before making the plunge.

1. For every single successful trader, there are 99 failed traders.
2. If you think you can be among the successful, so have the 99 traders who have come and gone before you.
3. If you believe you can outwit the market, that is, those who are already profitable, you are in for a rude awakening.

Agreed! i never said 30%+ was easy!

 

[VIXTrader]

I agree with you about the career portion. No one should EVER plan their career around "expected gains"

Also i am actually planning on doing a "maximum % gain challenge" or something trading futures sometime soon, posting screenshots of all trades, acct balance, etc.. You will be very surprised at the results stay tuned.

Actually I don't think I will be surprised at all because the longer your challenge runs the more inline your results will become, but at the very least I will say it would be refreshing to actually see someone do something like that so yes I will definitely stay tuned for that.

One wonders though, if it's just a private trading account screenshot you're planning on showing, of course you already have that now. Why the new challenge? Just post a screenshot of your gainskeeper from 2011 - 2015 and save us the suspense

 

[Diego443]

First of, make sure you have at least 27K when planning to trade US stocks to avoid the pdt rule. Second make sure to lose between 5k to everything....Third this is not a decision you make in a day, trading is a skill set that develops over time and in order to acquire this skill you need to A. educate, B. gain some experience (experience=lose money, if you don't lose any you have not surpassed the path to be a trader)

 

[magestic]

If people are not laughing at your goals, then your goals are not big enough. Don't give up, start with demo, make perfection in your trading, then come to real account. You can do it.

 

[Tonkadad]

There are techniques employed in which to

Lull in..., and trap traders

Cause traders..., on the correct side of the ultimate move.., to exit early and miss it

Cause traders to load up one side..., only then to get removed from their capital

Cause traders confusion / apprehension / missed opportunity

Capture a trader's SL



These techniques however..., are not hidden..., nor disguised

In fact they are there out in the open - for all to see..., and exploit



Mkt does not play mind games - it simply data - to be read..., deciphered..., exploited

It the trader which plays the mind games - on their self

or not

Tis a choice after all

RN

Redneck, you just get better with age.

 

[Autodidact]

Against all odds, but not impossible, godspeed kid.

 

[Redneck]

Redneck, you just get better with age.

Well I'll be darn..., look what the cat drug in

Glad you're back Sir



RN