How long does it take to become a successful trader?

[kingston]

I have been involved in the markets for about 10 months and have yet to call myself a successful trader. Does anyone know the length of the average learning cycle for a new trader?

I had a friend who started day trading NASDAQ stocks back in 2004 and was making minimum 250k his first year. Is this the norm?

Thanks

[Soultrader]

	Quote:	kingston
	I have been involved in the markets for about 10 months and have yet to call myself a successful trader. Does anyone know the length of the average learning cycle for a new trader? I had a friend who started day trading NASDAQ stocks back in 2004 and was making minimum 250k his first year. Is this the norm? Thanks

It really depends on the persons passion for the markets. One year is definitely not the norm. Your friend has done an amazing job in just one year.

It took me 2 years of intense studying and trading to get to where I am. I was quite a journey.

I would say on average it takes 2-3 years before one can start trading for a living. This is just my opinion, I am sure some may find me a slow learner.

[chaostrader]

Depends on your speed of learning and passion. You really need a thick skin to go through the massive pain in the early development stages. I suggest you get a mentor. That will reduce your learning curve.

[Piptrader]

Ide say 1-3 years. Some may take longer.