For the motivation of struggling traders who are trying hard to become consistently profitable, but still have self doubt about whether we can make a comfortable living out of trading as a full time profession...
http://www.traderji.com/general-tra...612-can-i-make-living-out-trading-only-4.html
This was posted 4 yrs ago one of the few posts that helped me to keep on challenging myself to move towards consistency!
Look at STs post,
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Agree with you that success rate in trading is very low.......
But one need not have to show the bank statement to get married....whether someone is doing well in his profession or not is very easy to find out....from the confidence in which he carries himself,the apartment /locality he lives in,from the car and the driver,the friends circle he has,the social network he has, word of mouth.....etc
When a person leaves a say Rs 60,000 pm job and starts trading he has no training in the new profession that is trading, plus he starts with 50,000 or 1 lakh trading capital and will try to make Rs 60 K or more per month , he thinks no learning is necessary, all you have to do is buy or sell....and they miserably fail....if a person drawing 60 K starts with a good capital of say 5 -7 Lacs....and proper self learning /training then it is not difficult to match the earning expectations.
I have known some traders so successful that they give run for money not only to software professionals but also corporate senior executives and established doctors.
Smart_trade
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While amateurs go broke by taking large losses,professionals go broke by taking small profits...... William Eckhardt in New Market Wizards
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