Hey,
I'm curious, how many of you on this forum are actually making a living trading? If so, how long have you been trading successfully?
With the 2020 change to no commission stock trading; the forum demographics exploded and is currently heavily-skewed toward newer traders, many of whom are starting out on their trading journey. Therefore, you will not find a significant percentage of full-time traders.
My personal belief is newer traders will encounter significant headwinds attempting to launch a full-time trading career in the current market.
The March 2009 to February 2020 Bull Market (132 months) with +400.5% Total S&P500 return was the perfect time to enter into full-time trading. Allowing valuable lessons to be learned, while not wiping out portfolios.
It is so much easier to learn the ropes, make money, and significantly build our experience and trading balances. when everything is going up.
The current market's extreme conditions mirror the world's instability.
Considering the uncertain global landscape, it's unlikely that stability will return anytime soon, leading to continued turbulence in the trading sphere. Volatility can be awesomely profitable, as seen this year. But such extreme turbulence can, also, have a devastating effect on inexperienced traders attempting to generate a liveable income.
The good news is, that in the current markets provides exposure to many scenarios. These are learning experiences. Keep that trading log. Write down what worked and what didn't during various market conditions. Integrate those lessons into your trading plan. Once you can differentiate trading days from non-trading days and achieve success on those trading days, you've taken the initial step toward establishing a career in full-time trading.
VIP members read more:
https://usethinkscript.com/threads/good-day-vs-bad-day-in-thinkorswim.17236/