What is the threshold to be considered a successful day trader?

Andrea Wylan said:
Sounds like you have a plan and you follow it!! :D
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I would not call it a "plan", FWIW, I do not like the term "plan" as it relates to 'stock market trading'

do you have you own personal 'trading plan' that you'd care to share with us?

is it mapped out somewhere that the ET forum members can see it?
 
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never2old said:
speaking for myself as a 73 year old senior that has been investing & trading for a few decades (one that considers themself as someone that is 'not as smart as a 5th grader'), KISS principle trading/investing is what works for me, that getting a consistent in any market/any year - minimum 51% win rate with a not less than 12% net return a year on ROCE.

going forward, if I miss either of these numbers I shall stop trading the maket.

done right for those that utilize it - hedging & leverage can be beneficial.
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FWIW; My win rates slightly less than 40%. My Return is in the 20% area.

I agree with KISS and I strongly recommend that traders spend the time to develop a plan.
 
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