anyone mind if i get this thread back on subject?
good...
due to the experience of training over 100 traders, i think i may actually have something worth sharing!
firstly, there are those that just dont get it, you explain, they nod, you show, they nod. You may aswell be teaching them to make cheese. there is a part of there brain missing.
next, you have those that get it, they understand, edge and risk, they soak up everything you have to give, but they then spend the rest of their time on forums looking for the secret, infact they are reading this thread now, 4 years after being asked to leave.
ok, so now we have those that understand what your talking about, they put the right trades on, but every time, something unexpected happens, no matter what they do, they can never get ahead. these are the unlucky ones. they exsist.
now theyve gone, were left with those that understand, can trade and aren't born unlucky. they make money consistantly, only they never get far enough ahead to make trading pay any more than their last job, or their next one....... if you going to trade for a living, you have to make 10k a month to make it worth while, cost of systems, desk, splits and tax will leave you with about 4-5k at best. have a bad month and your up against it.
finally, the winners, they understand it, they see it, they make good decisions day in day out. they aint reading this thread, theyre out enjoying their life. (im joking, ofcourse. they have no life, their life is trading.......)
id say 5% can make a very good living year in year out. at very best.
oh, and this isn't up for discussion. this is fact.....
if you want the number to be higher, cause else you feel your chances become limited if it were true, dont worry. as long as you dont have cheese for a brain, walk into lamposts, sit on wet benches, always miss the train by 2 mins you odds shoot up to nearly 20%!!!!
happy trading.
