How Long Till I Become Consistently Profitable?

In reality, I have no idea, and no other mentor/trainer does either. Why? Becoming consistently profitable depends upon the following;

a) how much time you can dedicate to this

b) your experience/skill level

c) how fast you will digest it

d) your psychological and emotional disposition (trading mindset)

e) how disciplined you are in following the rules

f) how the market will be in the future

There is probably more, but based on all this, how can I give you a specific answer?

Now, I’ve had students do this in a couple months. Some took six months, others took a year or more. In all honesty, there is no way for me to know or answer this specifically.

Insight:

For some reason, when people approach trading, they seem to have a general myopia about the learning process.

Imagine walking into a martial arts school and asking, ‘how long till I become a black belt?‘ Or a beginner walking into an archery school asking the head teacher ‘how long before I can consistently hit the bullseye?‘

Would you really walk into any of these schools and ask these same questions? Does any of the above scenarios make sense to you?  I’m guessing not, so ask yourself why you feel trading is different?

I understand why you are asking this question – I really do! But this is not the question you should be asking.

What you should be asking is the following question:

“What are the skills I need to become a consistently profitable trader”

This same type of question can be asked in any of the above scenarios and would be totally appropriate to ask. In fact, they would actually speed up the learning process for you if you approached your training this way.

Food for thought.

I did that for 7 years before moving on to trade independently.

the length of time it takes depends on several factors.

On average, experts agree it will take an individual between one and five years to understand the stock market.

3 years have just started to be consistent

Don't use borrowed money because it is risky if you are still in the learning stage, use a demo account

The first year you lose and you want to give up. The second year you get up. The important thing is don't give up

Few day traders achieve success in just a few days or weeks. Profitable trading strategies, systems, and approaches can take years to develop.

 Six months is the quickest; most take longer.

It takes at least a year to consistently make money from day trading or swing trading, if working at it full-time or with a mentor, and only working one or two strategies.

Six months is the quickest; most take longer.

 It takes at least a year to consistently make money from day trading or swing trading, if working at it full-time or with a mentor, and only working one (maybe two) strategies. 

Many people put in multiple years before breaking into consistent (or even any) profitability

Trading is not a shortcut to getting rich. it won't happen in a matter of weekly or monthly hours

3-4 years