Monthly Income

[smallStops]

Quote from sheda:

No one here worked 10 hours a day for 4+ years before they become consistently profitable, get off it...

what about 18hrs/day for 3 years , 10 days holidays/year ( new-year, birthdays, Xmas, ... ) ?

basically each one make their choice of where they invest their time.
best to have money on the side and cut living expenses to the bare minimum.
And keep asking around what type of efforts you need to put in to make progress.

 

[toolazy]

10 k hours spread over 15 years to keep normal life at all times.

devastating loss of course just before I matured, or better said loss was the push for final aha.

 

[CodeX]

Return on Investment?

 

[riskaddict]

Quote from 9gh35:

Hello I am new here.
I have been practicing trading stocks on Ameritrade.
For those who trade regularly, how much do you usually make per month?
Do you cover your expenses? or better stilll, make a profit?

If you are looking for consistent monthly income buy rental properties or learn low risk low reward options strategies. The little bit of income will buy you time while you're stalking long term setups and letting them play out. Are you trying to make money or do you just want to trade for the challenge of it?

 

[sellindexvol66]

Quote from CodeX:

Return on Investment?

thats another question that is irrelevant to trader who make a living here. where a guy who has run say a money making restaurant for 20 yrs vs a money making trader of 20 yrs (that would be me) the returns probably are similar. the business man has capital expenses constantly, employee costs, etc...where my "expenses" are in time lost to constant study, re adapting, etc.

but in the end he has homes, educated his children, built a nest egg etc...and so have i. thus the return on investment is hard to quantify as you put a lot in, and you exchanged all that work for what you call security and satisfaction. one can see it as zero sum or positive sum. personally, i am very , very satisfied..so i call "positive sum".

 

[sumfuka]

It took around 8 years for me. No guidance from anyone. Lots of reading. Lost around 40k on tuition fees.

Nowadays monthly income is 5-6k, before expenses.

Is it worth it.. maybe, but I would rather had flipped properties before AND after the bubble instead. As I am still in my lower 30's.

 

[d08]

Quote from sheda:

No one here worked 10 hours a day for 4+ years before they become consistently profitable, get off it...

I have done double that and I'm not even (what I consider) consistent yet, the market always keeps changing.

 

[NoDoji]

Quote from d08:

the market always keeps changing.

I'm purely a chartist and whether I look at daily, weekly and monthly price charts over decades or I look at intraday charts over years, I can't see anything different, but I constantly see posts on this forum that markets have changed. Are these changes related to something other than price movement?

 

[NoDoji]

Quote from 9gh35:

Hello I am new here.
I have been practicing trading stocks on Ameritrade.
For those who trade regularly, how much do you usually make per month?
Do you cover your expenses? or better stilll, make a profit?

dbphoenix posted this back when I'd been trading for a few weeks. I'm not sure whether it would've made any difference if I'd come across it because I had a big ego and plenty of my own ideas back then and had to learn everything he posted the hard way.

If you study this very carefully and do the work, you may very likely be able to trade for a living.

http://www.traderslaboratory.com/forums/wyckoff-forum/15535-developing-plan-trading-journal.html

 

[CodeX]

Quote from sumfuka:

It took around 8 years for me. No guidance from anyone. Lots of reading. Lost around 40k on tuition fees.

Nowadays monthly income is 5-6k, before expenses.

Is it worth it.. maybe, but I would rather had flipped properties before AND after the bubble instead. As I am still in my lower 30's.

thanks for the insight. That's a good answer instead of beating around the bushes.

Are you a full time trader?