Poll : How many years needed to learn day trading ?

[rajesheck]

Transforming the personality by invoking the right skills creatively.....

Trading is all about giving up the ordinary analytical personality and invoking the creative wings from within, transforming into a creative trading businessman.

The caterpillars do not need to a read book on "Dozen mistakes on flying". They just do it, by invoking a new personality, a new skill.

 

[Windlesham1]

If you could 'learn' trading you could do it in a week- like an MBA

 

[rajesheck]

If you could 'learn' trading you could do it in a week- like an MBA

Since you have quoted 'learn' i assume it as 'unconditional learning'.

I know a quote which says schools teach you to manage other people's money and only streets teach you to make money.

Our trading platform is the virtual Wall Street.

From our childood our education system had systematically disempowered us to do business by programming us saying 'you are meant to manage others business and money.'

This is a serious psychological intrusion. Very biased and demoralising. A great disservice to humanity in the name of modern education.

As of now only people who are succeeding in business are those with natural business skills.

The posdibility of systematically developing the business skills is not a reality in conventional schools. In fact they are systematically killing such possibilities every inch.

If you cant agree with me please verify with any eminent psychologist. They will reveal you how bad or worst our education system is.

Learn psychology, philosophy, meditation etc, kind of stuff to empower yourself as a potential trading businessman.

 

[viruscore1]

For a person that have traded stocks, to learn the mechanic of true day trading 1 year. To become a good, consist and profitable day trader maybe never. The markets move in mysterious ways. One successful year does not guarantee the future.
IMHO i think day trading was invented by brokerage firms and promoter to separate traders from their money. The odd few win at this game in the long run.

 

[rajesheck]

For a person that have traded stocks, to learn the mechanic of true day trading 1 year. To become a good, consist and profitable day trader maybe never. The markets move in mysterious ways. One successful year does not guarantee the future.
IMHO i think day trading was invented by brokerage firms and promoter to separate traders from their money. The odd few win at this game in the long run.

Very true.

Day trading separates money from day traders mainly because it attracts many common people for it is easy to try.

Less investment, convenient to open trading account, charts makes it look like a video game, brokers encourage even taxi drivers to trade.

Brokers want money and make trading look like a skill less job that produces unbelievable profits with very less investment.

90% of the traders are victims of this illusion created by brokers. Ignornce of common people and lies of brokers makes the game bigger than it should be.

What is there to blame in day trading?

It is simple and transparent demand supply game. What else?

Genuine day traders know how to play safe and make profit.

Others are setup to lose money by brokers.

This is a open secret in stock market.

If you tell thay day trading is a gambling both genuine traders and ignorant traders will laugh.

Most of the ignorant traders have gambling mindset and have a peculiar ability to enjoy even their losses. So they are actually gaining in a way. Others have a chance in near or far future to learn and make money.

So no one is losing in the game of day trading.

There are professional gamblers who make money in casinos with their business class mindset. Ans there are people who turn a good business into debrish with their gambling mindset.

The moral of the story is 'Business or gambling is in your mindset not out there.'

Note : Only less than 1% of the traders can understand this. So dont try hard to understand.

 

[BlackMouse]

Sadly, some people will never make it in trading no matter how many years. Sometimes it is because they don't try hard enough others because they haven't been lucky enough to get the right information. But I do believe that everyone can make it if they try hard enough and work long enough

 

[ZanderKshander]

Really depends on how honest you are with yourself. To consistently grind and make good money is going to take years. I voted 5+ more years, but realistically, on top of that we need to go through the decadence cycle. Which means you would have made it, burned it, and crash it. Can you restart? To be a consistent day trader, it will take decades. May take 1-2 years to get good and make a little doe. Get cocky, burn it up, start trading with terrible habits that you can't unchange. Anyone can learn day trading in a matter of months. To consistently take money out of the market is a slow grind, and frankly not many can do it.

 

[rajesheck]

Thanks for all who cast their vote (around 80 votes).

Less than 5 years : almost 40%

5 to 10 years : around 40%

This gives some idea both for those who just started and already in the journey of day trading.

 

[comagnum]

The #1 thing failed traders often end up doing:

They turn their sites on making profits by regurgitating the same old common trading info that has been written about for decades and try to sell this to the naive new traders.

 

[rajesheck]

The #1 thing failed traders often end up doing:

They turn their sites on making profits by regurgitating the same old common trading info that has been written about for decades and try to sell this to the naive new traders.

This happens when new traders are not aware that trading is a personal skill and there is no secrets about trading.

But people believe more in secrets than their perspiration. No one listens when someone says trading is an art of psychology.