Is it possible to earn money consistently every month by day trading

VIKAS 21

Well-Known Member
#32
What I feel traders fail due to lack of knowledge.

1.Only a few traders are successful rest are struggling .

2.Novice traders dont get idea from where to start even at forum like TJ they often find themself confused which thread is for them or for not..

3.I think we need to make some amendments at TJ ALSO FOR QUALITY EDUCATION TO NOVICE TRADERS, We can charge them for it but it will help it in getting them quality education.
 

Steve

Active Member
#37
I think every trader, wether actively trading or a RIP trader, will have horror
and scary stories concerning trading, some have endured and are active, while
others have moved on, unable to cope with the mental stress, anxiety, and
sleepless nights caused due to losses suffered.

Till now I have endured hoping to evolve into a profitable trader.

I too would like to know, of the struggle of those who have evolved into successful traders, so that I can learn.
 
#38
Hi friend

Let us talk straight.
you did lots of courses.
how long was your course duration? 4 hours? 6 hours/ 1 day/ 2 days?

ALL this is nothing to create a trader mindset.
you need months of interaction with a good guide. but you had 3 or 6 hours.it is just useless.
they needed money they sold you something fast,you bought some useless stuff. that is all.

There is some activity called daytrading and statistics show over 98% traders loose in that activity.
Let us say horse racing is great but over 95% loose money,all of their bets there,then what do we understand?

FIRST OF ALL, YOU CHOSE SOMETHING THAT DOESNT GO WITH AVERAGE ABILITY.
To add to all troubles, you dont have any mentor or guide.you go wrong people for help.
you dont have proper selection of instrument that suits your mentality.
you are damn slow in understanding market actions but you trade highly volatile futures options commodities forex.
Daytrading requires fast grasp,quick action,intelligence.
but dumb traders go there first.
Do you have that above proper solid education?
did you papertrade live markets?
probably you may not have a good trade analysis software,no good trading system either.
all you have is a stupid broker sending you low brokerage promises and false tips.

LOW BROKERAGE DOESNT GENERATE PROFITS. YOUR TRADING SKILL DOES.
Everybody says no experience is required for trading.
Yes I do agree,to just trade and loose all your money,you dont need any experience nor do you need a mentor nor education.

Here are some rules
check if you followed any of them.
choose proper trading instrument and timeframe. i9f new,trade only daily charts.Avoid intraday for 2 years.
1 use only risk capital,amount that you can fully loose
2.make trading decisions while market is closed.
3.use only a rule based mechanical trading system,after testing it on past data and live data for reasonable time.


wERE YOU AWARE THAT THERE WAS A TRADING PROBLEM WITH YOU?
DID YOU IDENTIFY AND TRY TO SORT IT OUT BY FINDING A GOOD GUIDE?

INAction,complacency kills traders financially.
if there is problem find a solution rectify.
silent spectators not welcome in trading community.



Dear Friends,
I did lots of courses about day trading but I am unable to earn money consistently every month.
What is your experience?
 
Last edited:
#39
s, i agree above points,
1 hr,2 hr, 1 day courses not fullfill for day trading..
day trading is like a final examination of trading carrier..
so need mentor help in live trading session and clear the picture..

happy trading...
 

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