So you want to be a Stock Trader?

How Long It Takes http://elitetrader.com/vb/showthread.php?s=&postid=1864382#post1864382
Quote from 2manywhiners:

Two months is total bullshit. 5 years full-time is grossly over-estimated unless you're retarded... If you haven't started to seriously figure it out after 2 full-time years then you should reflect on whether or not this is even for you... But if you learn how the market works INTIMATELY by:
1) reading a lot of beginner books, buying beginner dvds, going to the trading expos
2) not buying into the hype of revolutionary "platforms" or "ta tools" or "trading systems" or "gurus"
3) taking notes on everything you've learned and formulating an idea of what type of trader/investor your personality is most suited to become, and what your trading styles should be
4) Opening a trading account with a reputable broker with a trading platform that is best suited to your trading style and watching the level 2 screens until your eyes are numb, learning the platform tools intimately (basket orders, trailing stops, screeners, news feeds, P&V charts, etc) and making small ACTUAL MONEY trades (like 5%, maybe 10%, of the size you'll eventually be trading) while recording every relevant piece of information on your results in a trading journal that you study religiously, as you tweek your style by constantly applying and re-applying changes based on what you're learning (by the way, try trading multiple strategies and numbers {at the same time} and see what works best in the different times of the day, days of the week, type of market, market direction, etc, etc)
Perfect practice makes perfect. Learn it the right way and you'll cut the learning curve in half.

Hint: Pay attention to the general fundamentals of the stocks you're trading short term and try filtering out those with poor fundamentals using screeners. %/$ gains in generally poor performers are typically just "noise", with the moves often reversing quickly or chopping around making short-term trades often pointless and/or randomly less predictable.

So you want to be a Stock Trader? http://elitetrader.com/vb/showthread.php?s=&threadid=80319 (nice plug huh?)

All that being said, six months (of 18 hours a day of dedication to learning and understanding how it all functions) to two years (full-time) and you'll either be broke and on your way out or successful and on your way up. If you're still stuck somewhere in-between then perhaps it's time for some honest self reflection...
 
To the career traders... How Long It Takes - http://elitetrader.com/vb/showthread.php?s=&postid=1873147#post1873147

haha I posted the wrong url for my last post, whoops... Thanks for the PMs. If anybody has any other questions though, feel free to post them in this thread. How you crazy kids keep finding this thing in the search dungeon is beyond me. And the info on here for young/new traders doesn't really start to get relevant until page 2, in case you're seeing this thread for the first time...

Good advice for finding your own style and methods:

1) think for yourself and be logical.
2) act on it.

I'm thinking one of these days I'm going to put the stuff from this thread and a lot more helpful info into a pdf file kinda like "Anek's Holy Grail v 1.0" reference .doc file (http://www.elitetrader.com/vb/showthread.php?s=&postid=1871596#post1871596) Not saying I agree whole heartedly with the AHG, just saying that the reference .doc setup for this thread would be pretty helpful...
 
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