How long does it take to start profiting consistently?
There is no single answer to this question. Daytrading is a process of learning of how to trade more consistently. You must learn how to lose, before you can win. This is the trick that keeps most away from success. Extreme dedication, constant interest in learning, and preservation of your capital while in a learning period will get you through this. The bull market we had recently, the most powerful ever, fooled a lot of people making them believers that they can do this for a living. The trick here is to be honest with yourself. You will need cold trading statistics of your own to verify what your perspectives are. The thing is, traders lose. It happens to beginning traders, intermediate traders, experienced traders and world-class traders who run huge hedge funds. The statistics are against you. If you violate the rules of trading too big relative to your account size, trading without stops, riding positions down or in general, when losses overwhelm gains, you are almost certain of
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