BEARSTREET RESEARCH AND ANALYSIS PRIVATE LIMITED is a gateway to the international stock markets. As we know, US stock market (NYSE, NSDAQ, ARCA, BATS, BOSX, Etc.) is the biggest stock market, both by listings & volumes. It is not just biggest; it’s also the most diversified market. The largest and most innovative companies are listed at US exchanges..
Training – Before you even consider taking the leap towards becoming a full-time stock trader, you should make sure you are properly equipped. Check your interest & passion because career as day trader will take ample investment of time and if you really love trading and passionate about professional trader career, you will not think for give-up when you frustrate. Need a monitor for proper training as like training of any doctor, engineer or charter accountant etc.
You wouldn’t get success to become an engineer without any proper training, right? What are your of chances of succeeding? The same logic applies to trading. Start developing the proper expertise before even considering a career in day trading.
Experience – You can read 1000 books on trading theory and still get crushed by the markets. Theory and practice are two different skill sets. Most traders need to spend some time actually trading before they can get a real feel for the markets.
Consistency – If you are even considering becoming a full-time trader, make sure you are trading consistently. This will allow you to set realistic expectations for the future. Consistency is proof that you have actually developed an applicable skill set. It’s does not matter, what number & size you are making, consistency make you confident and once you confident and able to get consistency, you can scale-up the number & size.
Result:- There is no “magic number” when it comes to calculating the amount of experience needed. Different traders will learn at different paces. One trader may be able to become consistent in a few weeks or few months, while others may take a few years.