Thread: Can you live off trading or is it just a story?

I don't know if you can live off trading, but I do know that you can ruin your life by trying badly.

I've been trading for 2 years and I still can't say that I live from this, but I've learned more about myself than I have in my whole life.

Living trading is like being an artist: a few achieve it, the rest are left with the illusion. Can you do it? Maybe. Is it probable? Little.

The key is emotional leverage, the one who manages his mind well manages his account well, the one who does not, ends up blaming the market.

I did it, but it wasn't with scalping or magic indicators. It was with discipline, structure and risk acceptance. If you're looking for a shortcut, this is not your way.

After reading all the comments of thread, I want to provide a vision that may serve someone who is starting and has real doubts about whether you can live trading. The short answer is yes, but the long one requires nuances. It is not just about learning technical analysis or following signs. It is a combination of knowledge, experience, psychology, risk management and realistic expectations. Whoever does not understand that is doomed to get frustrated over and over again. First, most of those who live trading did not start with an account of $500. They needed capital, time and a source of parallel income for years. The most common error is to think that a profitable system is enough. But the simple way to go out to pay for the rental, you are already at a disadvantage. The consistent traders operate without fear because they do not depend on a single operation to survive. That emotional and financial mattress makes all the difference. Second, the most common error is to make your job workable.

Thank you for this reflection, that's just what I needed to read.

But don't you think that all sounds more like motivational discourse than real plan?

Tremendous contribution, many uncomfortable truths there.

Yeah, but with no results, it's not all that psychological analysis.