Topic: Learning Trading and Becoming Profitable in six to 12 Months? (Read 141 times)

Becoming highly profitable within 6 to 12 months of starting to trade isn't impossible but there's a slim chance that it might happen. Through out your first year you should be dedicated to working on your trading strategies. You wouldn't make much Profit during this phase but that doesn't mean that you are doing the wrong thing. Mastering the movement of the market takes time and there's a lot you need to work on before you actually start to invest. Discipline, emotional control and risk management would come in handy, if you lack these qualities then trading would be frustrating for you.

You can only find little experience from such trader, that use six months to learned trading because the trader has not yet experience many bear run and bull run that will make the trader not to trade than to observe the market to know if it will be favourable or not before trading. He or she will earn profit from trading with the knowledge of 6 months training, but such trader will not earn more than those who are professional in trading because they know when and where to visit the market to trade to accumulate profits, and it will be hard for he or she to lose in that decision which is what long experience will do to traders that have long experience.

I have heard about many traders, in this forum who use some few months to learned crypto trading and use bear run to buy BTC and hodl for few months before they trade in the bull run to earn massive profits, but the luck they have is that they bought in the bear run before the bull run started in few months later.

Bro, first, everyone have their mental capacity for everything. Some persons can actually learn trading and become profitable in 1 years if that's just what they are focused on, day in - day out, for that 12 months.

But one thing I know is that, a trader never stops learning, if you stop learning and become over confident, you surely will learn in a hard way.

I have seen successful traders whom are winning more trades and make lot of profit compared to their lose, they shared heart breaking stories during their early days of learning but not did mention that they became so profitable just after one year.

It's possible that you can master all the trading strategies within those 12 months range, which strategy is not going to be the problem again but the question is, have you master your emotions, your psychology, have you learn risk management?

When I got into crypto around 2019, later on I learned about trading, since then, I have had many challenges that make me quite, started again years later, saw myself quitting again, last year came and when I gave it my complete energy, I saw some good profit and yet I will not still conclude that am too good but I would say, one year in trading would not make you so much a professional or a very successful trader.

You will continue learning as the year proceeds, maybe on the 2nd or 3rd year of your trading, that's when you would stop having sleepless night because of one trade, maybe that's when you will stop chasing the market but would allow the market come to you, that's when you might stop feeling too heart broken because of losses. All of those psychology of trading develops gradually. 

You should change the term trading with investing.
Anyway, I guess you are not looking to enter the infinite dark cave of short-term trading at least. Maybe this topic of mine will give some food for thought to you: A Death Knell to Short-term/Intra-day Traders. 

it will be hard to find people who fits this criteria and want to share their insight for the simple fact that most of people who trade always refuse to reveal their PnL.
the only way to find this kind of people to share their insight is if you know them personally in real life.

in internet? it's just full of motivational bs, so I'd say maybe try to find some mentor in real life who are successful in trading otherwise the chance is small.

Actually, most of the people I have heard about that got profitable through trading within a short time without taking too much of time are those that became profitable in a year or one and half years, most people get to that profitable point only after several years of grinding. Those that got the edge quickly within this time frame are most likely not doing anything and most of their time during the day are being spent on trading. Trading needs constant practice and attention, when this are being given to trading, you’re halfway getting to the point of profitability. It might also be possible even when you’re engaged with other curricular of life because we learn and understand differently.

Trading is definitely not an overnight task. You need experience and time to have a good grasp of the market. Also, each coin or token you will deal with will be unique as they have their own features which is different from the other.

I think prospective traders should focus more on acquiring trading skills than how much they could make within a period of time, even barely touching a keyboard. Anyone going into trading shouldn't make that mistake of giving themselves a specific time to become profitable. They can set a timeline to acquire certain basic skill sets for trading but not that of being profitable. It's going to be unnecessary pressure.

It's important to have a side hustle while learning how to trade so one doesn't have to be pressured into making money from trading to take care of bills. Even if one doesn't have a side hustle, it should be that one is dependent on something that fetches one money or one's bills are picked up by capable loved ones or friends. Nothing distracts one from trading like stress and pressure.

I stayed a few years in losses, and "profit today and loss tomorrow" before I became profitable. There's nothing that says some can't become profitable within a year. I believe they're some who beat that mark. Everyone has their own hurrah moment. I like trading Index more this day. It's easier to cope with than other forms of trading.

Becoming profitable might be happening at any time like on your first trade or within a month or year but how consistently you are profitable like number of profitable trades are more than your number of loss making trades is the real concern here. I agree becoming profitable is in that sense only but being a profitable is not feasible for any newbie trader because they do make more losses than the sum of their profitable trades. Then, who are all really trading? Whales. Yes, you must have huge capital which are enough to manipulate the market at least for short term.

The other traders who make profits are not consistent like they make profits today and then will lose tomorrow. At the same time, whales may trade for very short period of time but due to their huge volume, they are able to make decent to big profits. I like to suggest you to go for investing with bitcoin or at least go for long term trading with bitcoin but never opt for intraday trading with bitcoin unless your capital is 10 million USD.

Yes, I did.

I didn't have any prior experience but I was holding Bitcoin from time to time but it doesn't count as trading.

I started trading in 2020. I had a full-time job but Bitcoin went up, I gained lots of profit, and then I bought BNB, and gained a huge profit. Then I left my job (I couldn't take a vacation) and started full-time trading. To be fair, it was one of the worst periods of my life because trading is very stressful. Yeah, I made a huge profit but I lost almost everything because in order to profit, you need to spend every minute looking at charts. Once, I spent 2 whole days and nights in trading, then I opened a position on futures but it wasn't going well, so I had to close the order but I was so tired that I felt asleep and my money got liquidated.
Then I decided to be careful with my trading, returned to my job and started a different kind of trading. I decided to only catch the best moments instead of trying to catch every moment. So, I waited until Bitcoin fell down to 30K USD and then I immediately bought it. Then I sold, bought Matic, got 100% profit, and then bought Bitcoin at 70K. I'm less stressed and get better profits this way.

Yes, that's me.

I did trade in 2021 and 2024, I'm in profit.

But if I trade in 2020,2022, and 2023, I'm in loss.

Why? it's because easier to become trader in bull season rather than bear season.

If you want to trade in bear season, you're better to short in futures trade instead of trading in spot market.

If you trade in this year, you should be in profit because we're in bull season.

The Bitcoin and cryptocurrency market have four years cycle and by that, I mean 12 months, 1 year is not enough for your learning and experience with trading in this market.

You will need four year, from bull market, to bear market, to understand a full cycle and you will have enough experience with trading in different market phases like bullish, bearish and most boring time and most fearful months when the market is flooded with FUD.

Trading full time contains high risk and you must be too professional, disciplined and experienced traders to get profit.

You can't get a general answer if you ask for the duration of time that it'll take to learn crypto trading, our levels of intelligence and dedications differs. It is possible for some to master trading within that time frame while it can take longer for others, so every individual has to learn to trade at their own pace. There are lots of hypes on social media about learning how to trade within a short timeframe and they'd tell you to pay for tutorials, whether you learn or not within that time is not their problem. We should understand that crypto trading is hard and it's not a get rich quick scheme, it requires time and patience to truly understand. A member mentioned on this thread about the need to have a professional mentor to guide you as a newbie because it's easy to make wrong decisions and lose your money in trading.

There are many traders here, but only few of them (I exclude myself of course ) are profitable and when I say profitable, I mean they're making constant profits on a weekly or monthly basis.

6-12 months is a long time for somebody to learn about trading already I believe. In the past, I'm not in favor of having a mentor that will help you in trading, but the more I think about it, the more I realize that "You might really need one to shorten the path to success in trading." Most of the mentors aren't cheap though because most of them asks for some payment in exchange of knowledge, but if you really want to be a successful trader, mentors will be a big help. Not a requirement, but a BIG HELP.

Aside from this forum, better ask on other social media platforms as well like on Reddit. An expert like @Oshosondy already said that most of the traders are losing money on trading, and having a mentor would help you aside from asking from other experts as well.

Trading is very easy to learn but difficult to make money from unless someone has really understand a strategy to use and not become emotional at anytime because any change of the strategy can lead to losses.

You can trade for a week and make money but in a way that the money can later be lost later.

About 85 to 90% of traders are losing. Which shows that a newbie trader will most likely lose.

It is possible for a trader to begin to make money in trading within 6 months of learning and experience but the trader will need to keep up with his profitable trading plans.

A trader needs to be patient, know about averaging, begin trading with a very little amount of money. This will help a lot.

I have a friend who has only been involved in trading for a few months, and in that short time, he has managed to make a profit and have a good income from it, even when he works elsewhere. But from my experience, people like this are not many, and they seem to have their own intuition when trading—even when you ask them what their tips are so that they can be like that, at most, they will tell you some general things, but they will not share their tricks with you. So, it's better for you to learn it yourself, and if you are willing, you can take a trading class (although that does not guarantee success for you).

Trading is not an easy task and it's not just a book or some lessons you will learn it within specific time, there are no such 6 months to 1 year duration to learn trading and also success, I see some traders even in the forums they are very successful in the short term, 3-4 months, it's depend on many things, some experienced traders still losing money in trading.

I have heard that this time is often enough to learn to make a profit on spot trading, but I am not sure that this can be achieved on futures. In fact, regarding futures trading, there is an opinion that it is only a matter of time before a trader catches bad days and loses everything he earned before. I have almost completely moved away from trading, because for me investing brings much better results, buying and holding bitcoin is the best strategy, which in my case trading cannot beat.

#1. There's no specific period on which it will be giving out that assurance that you can learn up that trading skills on a span of time since there would really be that different factors that could really be able to make an individual do able to learn up. This is why duration cant really be known.

#2. There's no edge, trading skills isnt something that you can be able to learn in a short time. Different methods and ways will be available on which you can make use because we are the ones we are really that doing that trial and error on which making use of the method on which we can be able to use.

#3. If you do see your trading skill isnt that good enough then making it as a main source of income is that hard but if you've seen yourself to be that sustainable then this is the time you do consider it out on making it as a full time job.

The key on here is that you shouldnt really be that making yourself that being too desperate on trying out to achieve things in a short time period because this is where desperation kicks in on which it will be leading out into tons of mistakes.

learning trading and become profitable isn't too much fixated on time, instead if you're lucky or talented and can easily spot the right strategy you can make profit right away.
at the end of the day it depends on you, i've seen plenty of people starting trading and become profitable, maybe through arbitrage, or just buying the dip.
this 12 month learning is probably waste of time not learning anything meaningful, if you are truly committed you can always try to observe other people's trade and make conclusion to make your own strategy.