Topic: if you are a trader, how long it took for you to become profitable trader? (Read 1586 times)

Your profit will also depend heavily on the capital used. Capital of $100 for a profit of $2000-$3000 is impossible. If over time your trading does not provide the expected profit, it could be that you are not suited to trading and should think about trying something else or your target is not realistic with the capital used.

Yeah, I am not proud to say I lost a lot before, but also not ashamed to say it. The truth can help other people not make the same mistakes I did. Its actually funny because crypto was where I lost the least (kinda break even if you consider the time I was heavy into alts, wasting all my BTC to get all kinds of POS, win some lose some). But if take into the consideration the time I lost, frustration etc. I definitely lost so much.

I think its always refreshing to see traders post their journey. Win or lose, just bare it all. But the problem is, the most visible ones are the ones saying they got rich and shit. So start your journey I will be sure to follow, share everything. Black and white

I didn't share mine when I said that I'm profitable because a few weeks after that, all of my profits vanished just because of what happened when the market went down significantly causing many traders to lose at around $1.7 Billions of money.

Right now, I'm in the process of breaking even, and like you, I would also want to see other traders claiming to be profitable to share their trades on a daily basis. Maybe having somebody that will make a thread on his trades would be a good start for this one. TBH, I would want to do it, but I'm not profitable right now, but quite the opposite. Maybe in the future I'll do it.

There must be, and there are even those who have managed to make profits far above $2k - $3k but most of them are long-term traders who allocate their money to certain assets that are not too risky but promising such as Bitcoin for example, and if for example you want to get that much profit in the short term such as per month then it also depends on how much capital you have and also how much knowledge and skills you have in analyzing the market regardless of which asset you will choose, but make sure to avoid altcoins.

So it all depends on yourself, you can get a larger amount than that as long as you have good skills, good financial management and also ideal capital, by bringing $100k capital maybe it won't be too difficult to get a profit of $2 - $3k per month.

Correct. Gambling and trade are very different, but trade without strategy can be said to be like gambling. Therefore in trade it is necessary for the strategies and goals you want to achieve. In essence, there is no instant way to achieve something, especially trade. All you can do is find out the right process, and run the process correctly. So the process of becoming a successful trader is to continue learning all the time not to be complacent with the knowledge that has been learned, and making every trade is to learn, learn and learn.

Because sooner or later learning trading, depending on what you do, what you learn consistently so that this will become a habit and eventually form a merchant's mentality. But the very important point in my opinion is the mental formation phase because the mental will make you successful in trading.

If you have been in the market for four years as an investor and have held on till now, I think you are in a lot of profit. Trading is profitable but I think it is not as profitable as investing in the long term. If you have enough experience on the trading platform, trading can be profitable for you, but I don't know if you can earn $2000 per month because to earn $2000 to $3000 per month you need to have a fund of about $5000 to $10000 and if you want to earn by trading in the short term, you must have enough experience in trading and trading with Bitcoin because altcoins will be much more risky and there will be more chances of losing money.

This is undoubtedly nothing but the truth. Although some persons still set high target and yet market hit their profit levels but that should only be done by a professional trader and only when he or she has confirmed that the market will never reversed against him or her.  Someone ones told me that while trading, I should not fight the market but should rather align my self with the trend to make profit and leave while the large players do their thing. After interpreting that statement in my own idea, I just see that truly, any retail trader that is fighting the market instead of setting up a good target limit, might not be profitable.

Yes you can definitely be making money constantly in the market, but you have to take your time to learn first, don’t just rush into trading, and you think you will be making money, it’s not really easy, and if you are a trader, you should always expect loss when trading, but your profit should always be more than your loss, so if you are trading, and you losing, that doesn’t mean trading isn’t profitable, just that you have to experience what every trader is experiencing.

Everyone has the strategy that works for him, because I have a strategy that’s working for me doesn’t mean it’s going to work for you also, so just make sure you take your time to do some research, and discover what works for you. Also the amount which you mentioned is possible, but it depends on the amount you trading with, you can’t be trading with little amount, and you will be expecting so much profit.

No less than a decade of studying charts, news and practicing have brought me to making a steady profit. The amount is negligible since I only use like 10% of my money for trading and the rest for hodling. But the profits are steady.

With the amount of money that I lost in bad trades, I wish I rather hodled it. But what can I say? Trading is fun and there is no need to rely on luck and hope that your investment will go up during a certain time frame.

If your are professional traders, you must understand how many times you need to trade daily/weekly. You must also understand how much profits to take, and what the right strategy to apply. These things should be determined through some analysis, so you won't decide it carelessly. However, sometimes beginners have no idea about determining these things because they still have lack of knowledge. So, whether they want to trade 2-3 times a week or even everyday, they have no certain rules or principle in trading. That's why knowledge is the basic thing, you can determine everything properly if you have good knowledge.

Sure, we must stick with our principle/rules. It is something crucial because it can avoid greedy. Once we fail to obey the principle/rules, we may end up with losses due to unrealistic targets. By the way, since we must take profits in a short time, we shouldn't set too high targets. Raising 10% is enough to take profits. It is quite different than holding for a long term that we can set a high target because the price change can be very significant.

You are absolutely correct, I missed the fact that these people who open courses are affiliated with broker company, and sometimes they got exclusive contract from the company. Nevertheless, I will always remind people who trust blindly to these so-called trading masters, that they are actually have became a product to them once the signed up to their course, that these people might not as good as what they claim.

Not really that already a shocking thing with this aspect on which we know that theres always that reason behind with those referral based or trying to hook up people to register under your link. They do came up with different perks and some bonuses but in exchange you will really be needing up to sign up under their link on which they might be spending up some few bucks but they do know that this one will really be that beneficial for them in the long run on which same as you said that they could earn passively whether a person is really that losing or winning into their trades. In talking about on how long you would be able to have a good grasps on doing trading then you will really be able to consider yourself that doing good at the time that you are already that something sustainable on which this is the moment that you can call yourself that a real trader but of course this isnt something a skill that you can learn so easily and does really takes time and tons of effort on which you will really be that needing on your part. So it will really be just that depending on this case because the level of learning and acquiring such skill wont really be that the same on each person so it does really depend with those factors.

In this case where profitable traders get in newbies to teach trading, their aim isn't only on the money that they would earn from teaching their students trading, but their target is getting those students to register via their referral links and they will earn passively in as much as those people continues to regardless of weather they lose or profit and the more people they get on board via their referral links, the more money they will earn passively.

I'm not sure about reaping the most of these courses, since it seems like he keep changing course every year. it seems like he haven't find his own method in daytrading and I believe once he found his own method, he will open his own class because everyone is doing it in forex. But nowadays he has shifted his interest to airdrop, and guess what? he has planning to make a group to about airdrop, the doctrine is strong within him.

Yeah, in our times, we, and nobody, would believe in such a thing.
But I hope this person of yours will reap the most of these courses. Even if they were not in profit in the end, it would still be an experience.
And it cannot be bought.

Always thought about it too.
If you have PNL - why would you need to make a group out of it?
You already won the game, basically.
Maybe there is only one of such communities that is real. Others - totally not.

Actually thinking up the same on which if they are really that making up so much money, then why they would really be wasting up their time on trying out to gather students or followers that having some small amount when it comes to the price of subscription fees? You will definitely be having those kind of questions on mind on that there's no sense on doing so since you are making up money and you can easily cover up those small amounts in one go if you are really that indeed profitable. It is really just that making up some hassle on your part on trying out to share your trading analysis in public or somewhat it will really be that making up some questions on how the heck you will really be considering it out your profitable methods or ways on making money within the market?

In talks about on how long on becoming profitable then this is something that will really be that entirely basing up on a certain individual on which we do know that each person will really be that different on different aspects on which it will really be that affecting out on how fast or slow they will really be able to make themselves as a good trader or profitable ones. For you who is just that trying out to learn then just dont rush up yourself and just simply stick into the things that you've been that dealing into and take it slowly but surely. Loses are common but as you do gain up experience then you will be able to lower up the risks.

I know someone who are actively trades in Forex and joined several VIP classes, he always talks and try to compare how promising it is compared to stock market and cryptocurrency. He often talks about some people who opened a paid class and how amazing they are. However, I have been questioning him the same question "if they are so great at daytrade and their profit is really that amazing, why trouble themself with opening a class which do not give them as much profits as when they showoff their portfolio?".

And his answer is hilarious, he replied "because these (so called) master want to do something good and educate people."

This is something I believe happens a lot, where they only show 1 profit but they don't show the many failures they feel. Finally they open some kind of VIP class or group and reap a lot of profits from there and don't care about their members. Logically, if we think then when they have become skilled traders, then they don't need to bother to get money from the class. Yes they hide behind their knowledge, but to me that doesn't make sense. There may be many opinions that differ from mine and I'm sure there are many who think the same.