Take time to become successful traders?

by luck as in the case of Albert Einstein with his understanding of universe. The theory of relativity came to him in a dream. For most people, it takes a very long time or forever to solve the puzzle.
I have no idea Einstein was just lucky.o_O
 
To me it seems pretty much self-evident that not everyone has the innate ability to become a successful trader.
I know I don't have the innate ability but I hope my 90% perspirations can get me there. :finger:

Hope and hard work are often the only edge some of us have.:(
 
I seems you are a new trader, to be honest with you, profitable trading is tough but success is possible. If you want to build your confidence, i don't think you need to do that with a live account. Don't deposit yet because you will likely loss it. you can start with a demo account. just familiarize yourself with the market first ( Risk Free).
Is there is any kind of book for investing and trading to get the knowledge more?
 
Ideally

1. You hook up with a winning trader on a personal level and he advises you.

Paying serrious money to gurus-for-hire rarely works out. Most are hustlers who currently have no worthwhile edge.

Realize there are so many other factors than just having a magic strategy or even a real edge to exploit:

The right broker and software may be critical; enough capital; etc

2. Posting questions on Elitetrader is good but you must be smart enough to evaluate the poster and the answer.

3. Often Edges Go Away. What worked years ago may not work now. Markets become more efficient and regulations (like the old SOES Bandits) that handed out money close.

4. You could apply at a real trading firm like Sesqhanna International. Traders are taught from scratch and trade the firm's money. Incredibly large many billion firm founded by former Vegas poker players who are now billionaires.

5. You could put up money and trade at a prop firm. Most people doing even this lose as winning traders stick together and training is often done by busted losing traders.
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The Big Picture

1. Most people will never find a big winning trader to take them under their wing. However, networking is a skill and maybe you can work for one.

2. Well.. I hope you are good at discerning what is true and what is not with posters on ET.

3. Most people i knew 15 years ago no longer win.

Daytrading is getting harder. Technologies and knowledge advance quicker.

4. Applying at firms like Sesqhanna is stellar idea for many, but they turn down most applicants.

Are you a master coder, top mathematician, world class games player?.... well many firms will want you.

BONUS TIP: If you are a world class coding mathematician scientist apply at Renaissance Technologies and if they accept you, become wealthy.


5. Your best chance at a prop firm would be if you or a friend knew a truly big winning trader there who would let you be his assistant. The training at most firms is a joke.

Btw.. most prop firms from 15 years ago are out of business. Trading is highly competitive.

If most prop firms could stamp out winners like cupcakes they would not have folded like dominoes.
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Very few people sitting alone at home clicking buttons on their retail account make it.

Try to get involved with winners.
can you teach me a simple trading giving 5% every month?
 
LOL, that's what everybody on ET wants but cannot find. :banghead:

...Everybody here at ET wants 5%/month...I thought they would have slightly loftier, more ambitious goals. :wtf:
But then again, I'm rather a cowboy of a trader...rather then a conservative person sitting on their rocker.
 
I thought they would have slightly loftier, more ambitious goals.


It's a semantic point, to some extent, I think: one person's "loftier goal" is another's "unreasonable expectation".
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then again, I'm rather a cowboy of a trader...rather then a conservative person sitting on their rocker.


Whose rocker are you sitting on, then?
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