Can I make a living out of Trading only?

[avad]

I had a passion for Sushmita Sen.. so what should come automatically

If you really do have a passion for her then start working to get her...

 

[EagleOne]

I had a passion for Sushmita Sen.. so what should come automatically

Frustration.

:lol:

 

[pav]

I had a passion for Sushmita Sen.. so what should come automatically

shoe of Sushmita Sen :rofl::rofl:

 

[susheel10]

hey guys any one who want to low brokerage platform kindly coordinate with me.

 

[nilesh mishra]

shoe of Sushmita Sen :rofl::rofl:

:lol: :rofl:

 

[sanjosedesi]

I had a passion for Sushmita Sen.. so what should come automatically

I know others have given good funnies, so I will ask a serious Q.

How many people can have passion for SS and expect something in return? While positive, the expectation is low.

Is it the same for trading? No. A good mix of hard work, some brains and not too much of bad luck will see you through.

 

[trump]

It can be done, but its lot of hard work,sweat and tears, the road isn't easy.Minimum of 8-10 years of hard work and screen presence, then one can be consistently profitable.Only after that one can think of a living out of trading only.

 

[trump]

Day trading a bit difficult than swing trading, many of us making living out of trading here.

u mean scalping vs swing or positional, IMO swing is used interchangeably in many places, like we also hv swing high and swing low even on 1 minute chart.

 

[trump]

I know others have given good funnies, so I will ask a serious Q.

How many people can have passion for SS and expect something in return? While positive, the expectation is low.

Is it the same for trading? No. A good mix of hard work, some brains and not too much of bad luck will see you through.

:thumb:

here is an nice article on expectancy.

http://www.iitm.com/sm-Expectancy.htm

formula for expectancy is

Expectancy = (Probability of Win * Average Win) (Probability of Loss * Average Loss)

as per Dr Tharp

your trading system should have a positive expectancy and you should understand what that means. The natural bias that most people have is to go for high probability systems with high reliability. We all are given this bias that you need to be right. Were taught at school that 94 percent or better is an A and 70 or below is failure. Nothing below 70 is acceptable. Everyone is looking for high reliability entry systems, but its expectancy that is the key. And the real key to expectancy is how you get out of the markets not how you get in. How you take profits and how you get out of a bad position to protect your assets. The expectancy is really the amount youll make on the average per dollar risked. If you have a methodology that makes you 50 cents or better per dollar risked, thats superb. Most people dont. That means if you risk $1,000 that youll make on the average $500 for every trade thats averaging winners and losers together.

 

[warezwana]

It can be done. Minimum of 8-10 years, then one can be consistently profitable. Only after that one can think of a living out of trading only.

How can you define 8-10 years? Maybe it took 'YOU' this long but you can not say it takes this long in general, every trader has his or her own demons to conquer to become successful and I also believe that what you trade as well as how you trade (your system and style) matters to time frame.

As an Options mentor each person I have mentored is different and each have their own personality and style of trading and as a result each have taken different amounts of time to succeed and become a live and full time trader.

The answer to this thread, is Yes of course one can IF they have the desire, mindset and system to succeed.