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Is Trading good for earning extra money?
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Is Trading good for earning extra money?

  #61 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: TWS
Broker/Data: IB
Favorite Futures: Stocks
 
TorontoTrader's Avatar
 
Posts: 41 since Oct 2013
Thanks: 63 given, 6 received

Two great articles on why day traders fail and what you need to do:



Scientist Discovered Why Most Traders Lose Money - 24 Surprising Statistics


How To Trade Like a Pro In Your Underwear - 7 Simple Tips


To Make a Killing on Wall Street, Start Meditating - Businessweek


18 Must Read Trading Books That Are Not About Trading Strategies


Why Your Beliefs About Mental Stops Are Totally Wrong

Market Masters: The Trader’s Journey; The Hero’s Journey
http://www.seeitmarket.com/market-masters-the-traders-journey-the-heros-journey-13919/


Last edited by TorontoTrader; January 19th, 2015 at 02:51 PM.
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  #62 (permalink)
Trading Apprentice
Johannesburg, South Africa
 
Futures Experience: Intermediate
Platform: MultiChart
Favorite Futures: ES
 
Posts: 2 since Oct 2015
Thanks: 28 given, 0 received

breaking even after almost 4 years


LogicalTrader View Post
Forgot to mention. I am not yet consistently successful at trading. Still breaking even after almost 4 years. Maybe you are smarter and can get to where I am in 1 or 2. My point is, think of any profession that you know of and the time required to study and practice to acquire the skill to go out and be successful at it. Trading is no different.

Hi LT
I'm new to this forum and wish I wasn't... could have saved myself some dollars just by reading all the posts, lol.
You posted this almost 2 years ago and my question is: So, are you consistently successful yet???
If you are, may I know what instrument you trade, please?

thanks
PS: I've traded demo since mid Dec 2014, and (on demo) over the last 3 months I finally achieved consistent success of a daily average of 1.89pts on the E-mini S&P. I was using NT as my platform (can't anymore as they tell me I have exceeded my demo allowance :-()
I credit my success mainly to Mark Douglas' book: Trading in the Zone.

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