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Full time trading

Discussion in 'Beginner's Lounge' started by blaz0430, Aug 13, 2014.

  1. blaz0430

    blaz0430

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    is it possible or does anyone live off the profits of full time trading? ( 1 day to a week)
     
  2. Jason132

    Jason132

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    lolzies.
     
  3. pixel

    pixel DIY Trader

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    ... not the most auspicious first post for a brand-new member, is it ...

    In reply to blaz0430:
    It is possible if you have a large enough capital base. Have you heard the old saw about "How to make a small fortune on the Share Market"? The answer is, "Enter with a large one."
    Trading one day a week is not full time trading. Anything less than five days a week, non-stop nine to five and longer, is amateurish dabbling. Internet Forums are teeming with amateurs who give themselves and each other High Fives when they have made a killing in a trade or two. But honest reports about trades that went that-away are few and far between. Make a list of contributors over a few years, profile those from early years by their apparent trading intensity and prowess; then check that list against today's active members: you will identify a vast number of candidates for the TV Show "Where Are They Now?"
    (Note the emphasis on trading: There are many members who meet for social chats and may buy the odd share or own a portfolio in the background. They will be unlikely to qualify as traders.)

    Unless you have a sure-fire method to only pick winners, your chances of failing in less than a year increase exponentially with the number of minutes you take your eye off the ball.
     
  4. Laura Prince

    Laura Prince

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    I am not a full time trader yet. I am performing stock trading along with regular studies. Yeah, I am a student and have been doing stock trading as my part time business to pay off my student loan.
     
  5. DJG

    DJG

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    Why do I get the feeling it's going to be a conversation between two of the same people?

    You could write the Nobel prize and they won't read nor take notice. Only copy and paste their usual Nigerian/Gold Coast crap.
     
  6. Joe Blow

    Joe Blow Administrator Staff Member

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    You're probably right Dan. Laura's IP address is a suspicious one. ASF has very sophisticated anti-spam defences, but it is inevitable that a few determined spammers will get through the net. My policy is to give people the benefit of the doubt until the spam arrives. Then I show them the door. ;)
     
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