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Preface: This will be discouragement to most... encouragement to only a few (who don’t even need encouragement...)

 

Is it possible to become rich by stock trading?

 

Of course it’s possible to get rich "by stock trading".

The real question is does the person have the talent and the drive to develop the talent? Like - is it possible to get rich playing tennis? Of course it is. But what percentage of players do get rich? About the same percentage as ‘stock’ traders who get rich. Those who do get rich shine several levels above average in handling AND creating spin AND speed. And btw, tennis players have the luxury of only needing the master spin on one object. Traders who get rich need to be able to master the timing of multiple, simultaneous spins, etc etc.

And like in tennis - where if you are performing at high levels you have to learn to anticipate and setup and begin your swing with an almost reckless ‘wild throw’ manner - way before the ball arrives - to get rich in trading you must LEAD...

If you follow you get creamed sooner or later (...and if you don’t lead well, you get creamed even sooner :rofl: )

 

Do people make enough out of day trading?

 

Of course not. This is relevant to the speed part discussed above compounded by the distribution of 'outliers' who succeed. Form breaks down as speed increases, and considering most traders don’t have solid AND adaptable form / technique to begin with, they fck up early instead of being able to stay in multiple ‘long rallies’ all day long.

Fwiw - Those who are attempting to day trade do recognize that it pays to multiply your opportunities...it pays to keep your capital optimally allocated. Only a tiny few recognize all the other factors...

 

One could make similar comparisons with other games besides tennis... Study any ‘performance work’.

 

Adults who take on developing a new mastery typically make the mistake of going for technique first. And, you’ll find the ‘contributed education’ (from the worst and the best) ‘voice of trading’ advice herein continuously shapes starting at method, system, technique. It is my position that beginning traders need to develop physical and neuronal flow first so they will have ‘clarity of perception’ from which to choose which forms and methods are most suited to them individually, and rapidly get those things up to ‘unconscious competence’ - so they can start focusing on the other factors needed to ’get rich’ ...

 

hth (hope this hurts ;) )

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Is it possible to become rich by stock trading? Do people make enough out of day trading?

 

For stock trading you have to have significant amount of money to invest:)

Stock market is not so volatile and the only strategy to profit is buy-n-hold.

You'd better to try Fx to maximize profit and get rich quicker:)

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Is it possible to become rich by stock trading? Do people make enough out of day trading?

 

1. Is it possible to become rich by stock trading? The answer is: "you tell me"

 

2. Do people make enough out of day trading? The answer is: "define enough"

 

I think you may also need to consider, and if possible, refine your definition of "rich", "stock trading", "people", and "day trading".

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Yes of course. But my answer doesn't mean most day traders make money. As a matter of fact, most (over 90%) of them lose. So if you want to day trade, the key question to consider is how you can position yourself to be within the top few percent of people who make money. It is a very challenging game.

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The answer is yes but not a many as you like. Most will not make enough, its not like a day job where you go from 9-5 and wait for a paycheck (your time and energy = money) Think of Day Trading as a highly specialize job, the irony of it is that you don't have to be certified, get license to do start, so many thought it is easy. Its not.

 

Think of a casino gambler, he/she does not need any particular skill set to start playing but if you want to make money you better learn your odds and utilize your risk, patient and psychological factor and amount to bet correctly. You will also have think long term if the time you are putting in the learning process and amount of money (you will loose in order to learn) it will cost you will yield net profit. Or are your Money and time better spend else where?

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For stock trading you have to have significant amount of money to invest:)

 

Not any more money than you would need to successfully trade/invest in other products.

 

Stock market is not so volatile and the only strategy to profit is buy-n-hold.

 

This is absolutely false, and shows severe ignorance regarding the diversity of the stock market. There are plenty of highly volatile and highly liquid stocks and ETFs with large daily ranges. Take a look at AAPL, for example. Or the SPY ETF. These are extremely suited for day trading.

 

You'd better to try Fx to maximize profit and get rich quicker:)

 

And then you're dealing with bucket shops and an unregulated market that can wreck you before you even have a chance to get good. Do you really think day trading spot forex (a market used primarily as a means for large firms to hedge risk and complete foreign transactions) is the answer for someone who is "trying to get rich quick"? Interesting...

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