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How long did it take you to become a **consistently** profitable trader?
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How long did it take you to become a **consistently** profitable trader?

  #21 (permalink)
Normal Wizard
Sydney, NSW, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Favorite Futures: CL, 6E, ES, Piano
 
TickedOff's Avatar
 
Posts: 191 since Nov 2014
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Would also like to add, not only is how long someone else took to become consistently profitable irrelevant to you, how quickly you become consistently profitable does not reflect your potential or "talent". The top trader at SMB (at least when "one good trade" was written) took much longer and struggled to become profitable compared to the rest of the traders there.

Understanding yourself is just as important as understanding markets.
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  #22 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
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As a counterpoint, just to show the relevance of threads like this:

Let's say you have just left college and looking for something to do. You know somebody who is trading and that person is very successful and got to be profitable after a few months. So you tell to yourself, geee, that sounds easy money, why don't I just become a trader?

Then just in case, you decide to research the topic, and after googling it you find a thread like this. Then the average answer will be 3-5 years, not just a few months. Now you have a much better picture just what it takes to become a profitable trader, and you don't have to go by the 1 sample that is clearly an outlier.... And then you decide you don't have another 3-5 years to waste on a maybe, and you stick to your original college major...

Because of this, threads like this have value, no matter who asked the question....

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  #23 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Intermediate
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Posts: 2 since Jul 2015
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1.Yes
2. It all depends on your dedication and resource
That is my own point of view

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  #24 (permalink)
Elite Member
Dallas,TX
 
Futures Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
 
Posts: 590 since Nov 2009
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So here are the questions I would like profitable traders to answer:
Have you been consistently profitable over the past year?
1) yes

How many years/months did it take you to become a profitable trader?
2) 6 years - mostly part time

During the first six months of your trading career, How many hours a week did you devote to your new business?
3) all of them

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  #25 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
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Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
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emini_Holy_Grail View Post
So here are the questions I would like profitable traders to answer:
Have you been consistently profitable over the past year?
1) yes

How many years/months did it take you to become a profitable trader?
2) 6 years - mostly part time

During the first six months of your trading career, How many hours a week did you devote to your new business?
3) all of them

1. Yes, and absolutely killing the pig since the recent spike in volitility
2. Been at it 25+yrs and been busted out flat penniless broke several times, still a work in progress, we are only as good as our last trade. Hopefully I have learnt some lessons over the years.lol
3. Every spare hour.

Cheers John

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