Poll : How many years needed to learn day trading ?

How many years needed to learn day trading ?

  • Less than one year

  • 1 to 2 years

  • 2 to 5 years

  • 5 to 10 years

  • 10 to 20 years

  • Above 20 years

Results are only viewable after voting.
R

rajesheck

There are sprinters and there are marathon runners. Each one of day trader is unique. And their learning curve is also unique.

Professions like engineering, medicine, law, etc, takes about 5 years. Trading is certainly a profession not a simple job.

Let us share our unique pace of learning curve. :)

Assumption : Learning curve completes when we have developed the ability to trade without loss month after month, to begin with. (Becoming a successful day trader or a professional day trader is yet another mile stone.)
 
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rajesheck said:
There are sprinters and there are marathon runners. Each one of day trader is unique. And their learning curve is also unique.

Professions like engineering, medicine, law, etc, takes about 5 years. Trading is certainly a profession not a simple job.

Let us share our unique pace of learning curve. :)

Assumption : Learning curve completes when we have developed the ability to trade without loss month after month, to begin with. (Becoming a successful day trader or a professional day trader is yet another mile stone.)
More...

Issue with trading is that it's counter intuitive. It takes an attitude adjustment to be successful which is time consuming. Fundamental and technical stuff can be learned rather quickly.
 
dealmaker said:
Issue with trading is that it's counter intuitive. It takes an attitude adjustment to be successful which is time consuming. Fundamental and technical stuff can be learned rather quickly.
More...

Very true. :)

Again it depends on the person how fast he adjusts his mindset to trading. :)
 
rajesheck said:
Professions like engineering, medicine, law, etc, takes about 5 years. Trading is certainly a profession not a simple job.
More...

rajesheck,

Trading is a profession and business ownership.

But for those professions, there is a clear path to success after they obtain a degree. After an engineer spends 5 years in college, he/she gets a job with income automatically.

A trader "can" spend 5 (or more) years and at the end of 5 years, continue losing money, time, effort, and little money. IMO this is the risky part. Spending X amount of years and nothing to show for it but loss of money.

IMO, the key to trading is finding a strategy/plan/coin toss what makes money and what does not make money. However, if you older 22, you have to figure this out while trying to make money. So it becomes three times as hard. 1.There is no specified path to trading and winning 2. There is noone who you can trust to teach you the path to trading and winning cause they keep secret to themselves or could take your money and teach you something that does not work 3. You have to work and make money and lose money at the same time.

So how many years it takes??? Well, depends on "who" is doing the teaching for you to learn the right or the wrong way.

Learn the right way, maybe 2 years, learn the wrong way maybe 10 years.

Basically, learn how to trade the right way first.
 
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Anything beyond 5 years is kind of crazy, in my opinion.

If you haven't seen the trading light within year four or so, you should just invest for the long haul and get a regular job.

Some traders are stubborn, or close-minded, and they're just simply spinning their wheels getting nowhere :confused:o_O
And that's Ok to fail, this trading world is definitely not for everybody. -- Some people are simply more naturally talented at different things in life.

Trading itself and/or the formula is relatively simple and easy to grasp -- But the difficult part is opening and freeing your mind.
FREE_YOUR_MIND.jpg

Because trading...is part art, part science...to see or realize the complex greater picture of things of the forces in play
 
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