One quick question to all traders who consider themselves as successful....

I am always hearing the fact that to become a consistent profitable trader it requires 3 years......

Though I am just 11 moths old in this market (not successful though), I am strongly disagree with this statement. The reason bieng difference in individual personality......

So if I am good enough in learning the things and commited enough, why I cant achieve that in say 18 months?

To check the ground reality of above question, I am urging all successful traders out there to let us know how much time they required since entering into the market to become a consistent profitable trader....

Thanks.........

I dont think time is a matter at all.Just research different ideas,backtest them and trade them.The day you are satisfied with your system that it suits your style then u can trade it.Dont belive that discretionary things will work 99% of them are losers.Any trading idea that requires that u should take decisions in market hours will not work.

It requires 3 yrs. Why it requires 3 yrs you will know after 2yrs 1 month. Till that time don't kill the goose that lays golden eggs.

No question of quitting; will never quit even if takes more than 3 years. But somehow or anyhow I want it to happen before I complete 2 years in market......

Rightly said. I've been associated with the stock market since almost 1990 but actually never know the whats, whys and hows of it. Just that u buy some stocks and if the co does well the price moves up, else down!!!!

Now with the advent and easy accessiblity of the net I've made quite a bit of a progress BUT still cannot call myself an expert.

For me - its more positional than intra coz thats where the major moves come and that's how I've been associated with the markets right from when I was 20something.

btw even RajatheRoyal is sounding positional than Intra

No sir i dint not mean that intraday can not be dont profitable.what i meant was that u must have predefined rules and the rules must be like that even a nontrader must be able to follow it without any knowledge of market.If you have good rules u would prefer intraday than positional coz it has less drawdown than positional

Savantg, I am sensing that you are here on this thread........your views on this matter would be highly appreciated...Please let us know your opinion...

Thanks..

I second WOD and request ALL Seniors too to put in their experiences and stories here

Yup, all seniors.......AW,Saint,ST,Amit,Sunil......please give us your experiences.....sorry if have forgot to mention few others respectable name in TJ.......

I am in this market for 1 year and 4 months now. I think i'll need another 1 yr and 8 months to know if i am every going to be succesful in trading.

I think its a mind game. You look at the same chart in different ways everyday and learn something new. One view contradicting another. different time frame adding a newer dimention to the same chart. Ascimilating the data and making it second nature... will take me another 1 year and 8 months.

So 3 years is right... i guess...Will be able to confirm it on March'11...